Is Aluminium Extrusion Industries (ALEX) halal?

Under review

Aluminium Extrusion Industries has not reached a conclusive verdict. Its business activity needs evidence-backed review before Qistal will publish a ruling either way.

NGX: ALEX · Industrial goods · Screened 15 Aug 2026

What Aluminium Extrusion Industries does

Aluminium Extrusion Industries Plc, known as NIGALEX, manufactures and markets extruded aluminium products in Nigeria. Its range covers Cego flyscreens, projected window systems for education, government, military and commercial customers, industrial door systems, partitioning systems, multi-purpose stock extrusions for the maritime, aviation and construction sectors, swing door systems, sliding window systems, fixed louvres, curtain walls, AS46 flyscreens and customised fixed casements. The company has annual capacity of 5,000 tonnes of aluminium extrusion products and produces profiles in press finish, wood finish, silver and bronze palettes and modern powder-coated forms. It operates from a head office in Owerri, Imo State, with operations in Suleja, Niger State serving the northern region . For the financial year ending December 2023, total revenue was N2.09 billion, with the company reporting a net loss of N258.85 million . It employed 55 people as at 2024 .

Where the revenue comes from

Extruded aluminium product lines across window, door, partitioning, curtain wall and stock extrusion applications.

Questions about ALEX

Is Aluminium Extrusion Industries halal to invest in?

Not yet determined. Aluminium Extrusion Industries (ALEX) does not currently carry a conclusive Qistal verdict.

How often is this verdict updated?

Qistal re-screens every NGX ticker when new audited or interim accounts are filed. This page always shows the date of the most recent screen.

Can this verdict change?

Yes. Compliance drifts as a company borrows, raises cash, or changes its business mix, so a verdict describes a moment rather than a permanent status.

Other Industrial goods stocks