Is AZEK (The AZEK Company Inc.) halal?

Q: Is AZEK (The AZEK Company Inc.) halal?

DOUBTFUL: Historical AZEK screen only: the issuer was acquired by James Hardie on July 1, 2025 and AZEK is no longer a standalone tradable stock. The AZEK Company Inc. manufactured recycled-content composite decking, railing, trim and related outdoor building products. Its final pre-merger March 31, 2025 Form 10-Q reported assets of $2,299.253 million, interest-bearing debt of $432.370 million, cash of $146.719 million and trade receivables of $136.905 million. Historical debt/assets was 18.80%, liquidity/assets was 6.38% and receivables-plus-cash/assets was 12.33%; six-month interest income was $3.337 million. AZEK merged into James Hardie on July 1, 2025, its common stock was canceled under the merger consideration, and the stored ratios are historical only—not a current AZEK investment classification.

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AZEK

The AZEK Company Inc.

DOUBTFUL — NOT PUBLICLY TRADEDstock

Is AZEK Halal?

Historical AZEK screen only: the issuer was acquired by James Hardie on July 1, 2025 and AZEK is no longer a standalone tradable stock.

What You Should Know

The AZEK Company Inc. manufactured recycled-content composite decking, railing, trim and related outdoor building products. Its final pre-merger March 31, 2025 Form 10-Q reported assets of $2,299.253 million, interest-bearing debt of $432.370 million, cash of $146.719 million and trade receivables of $136.905 million. Historical debt/assets was 18.80%, liquidity/assets was 6.38% and receivables-plus-cash/assets was 12.33%; six-month interest income was $3.337 million. AZEK merged into James Hardie on July 1, 2025, its common stock was canceled under the merger consideration, and the stored ratios are historical only—not a current AZEK investment classification.

⚠️ Concerns

•AZEK common stock was canceled in the July 1, 2025 James Hardie merger
•The AZEK ticker is not a current standalone investment security
•Historical ratios must not be substituted for James Hardie's current Sharia screen
•Product and reporting boundaries changed after acquisition
•Use the successor issuer's current filings if evaluating James Hardie exposure

Current quantitative Sharia screen

Based on issuer-status figures for the period ended 2025-07-01; calculated 2026-07-15.

Legacy alias · no public listing

This legacy route is not a currently publicly traded security. No current issuer balance sheet, revenue statement or public-market share price is available for a reproducible quantitative equity screen. The route and its qualitative analysis are preserved for search continuity; the historical ticker should not be treated as an investable current listing.

Methodology	Financial	Overall	What drives it
FTSE Yasaar v4.6, February 2026	Not calculated	Not calculated	No current AZEK issuer exists after the James Hardie merger; historical ratios are not presented as a current classification.
MSCI Islamic (total-assets series) October 2024 methodology	Not calculated	Not calculated	No current standalone AZEK financial statements or market-cap denominator exist after the merger.
Malaysia SAC financial ratios single 5% activity benchmark adopted November 2025	Not calculated	Not calculated	The former AZEK route is not a current investible security, so no ratio is calculated.
Market-cap denominator methods MSCI M-Series, S&P and Dow Jones methods differ	Not calculated	Not calculated	AZEK has no current standalone market-cap series after the merger.

FTSE Yasaar

v4.6, February 2026

Financial: Not calculated
Overall: Not calculated

No current AZEK issuer exists after the James Hardie merger; historical ratios are not presented as a current classification.

MSCI Islamic (total-assets series)

October 2024 methodology

Financial: Not calculated
Overall: Not calculated

No current standalone AZEK financial statements or market-cap denominator exist after the merger.

Malaysia SAC financial ratios

single 5% activity benchmark adopted November 2025

Financial: Not calculated
Overall: Not calculated

The former AZEK route is not a current investible security, so no ratio is calculated.

Market-cap denominator methods

MSCI M-Series, S&P and Dow Jones methods differ

Financial: Not calculated
Overall: Not calculated

AZEK has no current standalone market-cap series after the merger.

Business-activity disclosure

Before the merger, AZEK manufactured recycled-content composite decking, railing, trim and related outdoor building products. The operating business remains qualitative context, but AZEK is no longer a standalone issuer.

Limitation: A current issuer-level screen cannot be performed after the merger, and James Hardie figures are not a substitute for AZEK.

Purification

No purification percentage is calculated because AZEK is no longer a standalone public security.

Inputs, assumptions and primary sources

James Hardie completed the acquisition of AZEK on July 1, 2025; AZEK common stock was canceled and the ticker is no longer a standalone public security.
No James Hardie or private-successor figures are substituted for the historical AZEK route; the quantitative screen is intentionally not calculated.

U.S. Securities and Exchange Commission: AZEK merger completion and delisting Form 8-K FTSE Russell: FTSE Yasaar Global Equity Shariah Index Series Ground Rules MSCI: MSCI Islamic Index Series Methodology Securities Commission Malaysia: Shariah-Compliant Securities Screening Methodology

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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