BLDR
Builder First Source Inc.
Is BLDR Halal?
Building materials distribution — permissible retail.
What You Should Know
Bldr is a building materials distributor and manufacturer. Core retail business is permissible. Its March 2026 Form 10-Q reports $11,303.094 million of assets, $4,637.563 million of interest-bearing debt, $98.342 million of cash, $1,163.011 million of trade receivables and $3,287.077 million of quarterly net sales. Debt/assets is 41.03%, so the examined financial debt screen fails; the filing does not separately disclose gross interest income or a universal prohibited-revenue numerator.
⚠️ Concerns
- •Moderate debt
- •Minor interest income
- •Debt/assets exceeds the examined 33.333% limits
- •Housing-cycle and acquisition financing risk
- •Building-material end uses and customer categories remain qualitative
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
4,637.563 / 11,303.094
98.342 / 11,303.094
1,261.353 / 11,303.094
- Financial
- Fails
- Overall
- Fails
Debt/assets is 41.03%, above the examined 33.333% limit; gross interest income and activity classification are also incomplete.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 41.03%, above the examined MSCI 33.33% limit; liquidity and receivables-plus-cash ratios pass, but income and activity remain incomplete.
- Financial
- Fails
- Overall
- Fails
Debt/assets is above the examined Malaysia 33% limit; this is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A properly licensed and reproducible historical market-cap series is not stored; the debt failure remains independently documented.
Business-activity disclosure
Builders FirstSource distributes and manufactures building materials, millwork, lumber and construction components for professional contractors and consumers. Construction materials are generally permissible, but customer end uses and any financing or ancillary services are not fully classified.
Limitation: The filing disaggregates net sales by product category but does not provide a universal prohibited-revenue numerator or gross interest-income line.
Purification
Builders FirstSource does not separately disclose gross interest income; ZakatInvest does not invent a purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Builders FirstSource's March 31, 2026 Form 10-Q.
- Interest-bearing debt is $24.285 million of current maturities plus $4,613.278 million of long-term debt, net of current maturities, discounts and issuance costs; operating leases are excluded.
- Cash and cash equivalents are $98.342 million. The filing does not identify a separate interest-bearing securities balance.
- Accounts receivable, net of allowance is $1,163.011 million; other receivables and contract assets are not added to avoid mixing tax, unbilled and non-trade balances.
- Net sales are $3,287.077 million for the three months ended March 31, 2026; gross interest income is not separately disclosed.
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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