BLD
TopBuild Corp.
Is BLD Halal?
Insulation installer and distributor — a permissible construction-services business, with acquisition debt to screen.
What You Should Know
TopBuild Corp. installs and distributes insulation and related building products for residential and commercial construction across the United States. Installing and distributing building materials is a clearly permissible activity with no haram revenue line of its own. TopBuild grows through acquisitions and carries debt to fund them, so its total-debt-to-market-cap ratio is the primary screening item and should be confirmed against the 33% threshold using the latest filings; it has generally screened within range. As a distributor and installer, the receivables ratio (total receivables / total assets) is also worth checking against the relevant threshold. Interest income on cash is incidental and should be checked against the 5% threshold and purified.
⚠️ Concerns
- •Carries acquisition-related debt — confirm total debt / market cap stays under the 33% threshold against the latest filings
- •Distribution-and-installation model can leave an elevated receivables ratio — confirm it against the board's threshold (49–70%) against the latest filings
- •Incidental interest income on cash should be checked against the 5% threshold and the corresponding portion of returns purified
- •Cyclical with residential and commercial construction — re-screen the ratios periodically
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