ALV

Autoliv, Inc.

HALAL — DATA INCOMPLETEstock

Is ALV Halal?

Automotive-safety supplier — a clearly permissible manufacturing business, with debt to screen.

What You Should Know

Autoliv manufactures airbags, seatbelts and related automotive-safety systems. Its March 31, 2026 Form 10-Q reports assets of $8,468 million, interest-bearing debt of $2,092 million, cash of $342 million and receivables of $2,422 million. Debt/assets is 24.71%, liquidity/assets is 4.04% and receivables-plus-cash/assets is 32.63%; known asset ratios pass. Interest income is $3 million (0.11% of quarterly net sales), while vehicle end use and product-safety obligations remain qualitative.

⚠️ Concerns

  • Known debt/assets is 24.71%, below examined 33% limits
  • Automotive and vehicle end use remains qualitative
  • Interest income of $3 million is disclosed; no scholar-approved purification percentage is asserted
  • Product safety, recalls and liability require continuing review
  • Cyclical with global vehicle-production volumes

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.

USD · millions
Interest-bearing debt / assets
24.70%Within limit
Below 33.333% under FTSE Yasaar

2,092 / 8,468

Cash + interest-bearing securities / assets
4.04%Within limit
Below 33.333% under FTSE Yasaar

342 / 8,468

Receivables + cash / assets
32.64%Within limit
Below 50% under FTSE Yasaar

2,764 / 8,468

Non-compliant income / revenue
0.11%Within limit
No more than 5% under FTSE Yasaar

3 / 2,753

FTSE Yasaar
v4.6, February 2026
Financial
Pass
Overall
Incomplete

Debt/assets is 24.71%, liquidity/assets is 4.04%, receivables-plus-cash/assets is 32.63% and interest income/revenue is 0.11%; known ratios pass but business disclosure remains incomplete.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Pass
Overall
Incomplete

Debt/assets, liquidity/assets and receivables-plus-cash/assets are below the examined MSCI limits; business disclosure remains incomplete.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Pass
Overall
Incomplete

Debt/assets is 24.71% and liquidity/assets is 4.04%, below the examined Malaysia limits; this is not an official classification.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Incomplete

A properly licensed and reproducible historical market-cap series is not stored; known asset-based ratios pass but business disclosure remains incomplete.

Business-activity disclosure

Autoliv manufactures automotive safety systems including airbags, seatbelts and related electronics. Automotive safety components are generally permissible, while vehicle end use, customer mix and product-safety obligations require qualitative review.

Limitation: The filing does not allocate revenue by vehicle end use or provide a universal prohibited-revenue numerator.

Purification

Interest income of $3 million (0.11% of quarterly net sales) is disclosed for transparency; no scholar-approved purification percentage is asserted.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Autoliv's March 31, 2026 Form 10-Q.
  • Debt combines short-term debt of $393 million and long-term debt of $1,699 million; operating leases are excluded.
  • Cash is $342 million; no separate interest-bearing securities balance is identified.
  • Receivables, net are $2,422 million.
  • Interest income is $3 million (0.11% of quarterly net sales); automotive safety products are generally permissible while vehicle end use and safety obligations remain qualitative.

This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.

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