AYI
Acuity Brands, Inc.
Is AYI Halal?
Manufacturer of lighting, lighting-controls, and intelligent-building-management products — a permissible building-technology manufacturing business with a strong financial-screen profile.
What You Should Know
Acuity manufactures lighting, lighting controls and intelligent-building products through its lighting and intelligent-spaces businesses. General-purpose building technology is generally permissible, while commercial, institutional and infrastructure end markets remain qualitative. Its May 31, 2026 Form 10-Q reports assets of $4,635.400 million, conservative debt/leases of $804.300 million, cash of $411.900 million, receivables of $610.900 million and reported-period revenue of $1,198 million. Debt/assets is 17.35%, liquidity/assets is 8.89% and receivables plus cash/assets is 22.06%; known ratios pass, and disclosed investment interest is $1.7 million, or 0.14% of revenue.
⚠️ Concerns
- •Known debt/assets is 17.35%, below examined limits
- •Commercial, institutional and infrastructure end markets require qualitative review
- •Disclosed investment interest is 0.14% of revenue; no fixed purification percentage asserted
- •Intelligent-spaces and acquisition integration
- •Construction, renovation and electronic-component cycles
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-05-31; calculated 2026-07-15.
804.3 / 4,635.4
411.9 / 4,635.4
1,022.8 / 4,635.4
1.7 / 1,198
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 17.35%, liquidity/assets is 8.89%, receivables-plus-cash/assets is 22.06% and disclosed investment interest is 0.14%; activity allocation remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets, liquidity/assets and receivables-plus-cash/assets are below the examined MSCI limits; activity allocation remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 17.35% and liquidity/assets is 8.89%, below the examined Malaysia limits; activity allocation remains incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored; filing-based asset ratios remain documented.
Business-activity disclosure
Acuity manufactures lighting, lighting controls and intelligent-building products. General-purpose building technology is generally permissible, while commercial, institutional and infrastructure end markets remain qualitative.
Limitation: The filing does not provide a universal prohibited-revenue numerator across the product and end-market mix.
Purification
A small disclosed investment-interest amount is reported, but no universal prohibited-revenue numerator or scholar-specific purification instruction is provided.
Inputs, assumptions and primary sources
- Amounts are USD millions from Acuity's May 31, 2026 Form 10-Q for the nine months ended that date.
- Conservative debt combines $697.3 million noncurrent debt with $107 million operating-lease liabilities.
- Cash is $411.9 million, net accounts receivable is $610.9 million and the reported period revenue is $1,198 million.
- Disclosed investment interest income is $1.7 million, or 0.14% of the reported revenue period.
- Lighting, controls and intelligent-spaces products are generally permissible, while end-market allocation remains 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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