CARR
Carrier Global Corp.
Is CARR Halal?
HVAC and climate solutions — permissible industrial products.
What You Should Know
Carrier's March 31, 2026 filing shows debt/assets 32.70%, liquidity/assets 3.69%, receivables plus cash/assets 12.10%, and interest income/revenue 0.39%. Climate products are generally permissible, while project financing, transportation refrigeration and end-use activity remain qualitative concerns.
⚠️ Concerns
- •Debt near the 33% threshold
- •Project financing obligations
- •Interest income requires methodology-specific treatment
- •End-use revenue not quantified
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
12,158 / 37,186
1,371 / 37,186
4,501 / 37,186
21 / 5,341
- Financial
- Pass
- Overall
- Incomplete
Debt is 32.70%, liquidity is 3.69%, receivables plus cash is 12.10%, and disclosed interest income is 0.39%; each is below the examined FTSE thresholds. Business activity remains unquantified.
- Financial
- Pass
- Overall
- Incomplete
Debt is 32.70%, liquidity is 3.69%, and receivables plus cash is 12.10%, below the examined total-assets limits. This is not an index-membership claim; activity revenue remains undisclosed.
- Financial
- Pass
- Overall
- Incomplete
Debt and identifiable liquidity are below 33% of total assets. This is a calculation against SAC ratios, not an official classification; screened activities remain unavailable.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible 24- or 36-month issuer market-cap history is not stored, so market-cap methods are not estimated from a current spot price.
Business-activity disclosure
Carrier Global provides heating, cooling, refrigeration, building automation and climate-energy solutions. Industrial climate products are generally permissible, but project financing, transportation refrigeration and downstream customer uses require qualitative review.
Limitation: The filing does not provide a reproducible prohibited-revenue numerator for project financing, transportation refrigeration, military or other scholar-specific end uses.
Purification
Disclosed interest income is $21 million, or 0.39% of quarterly net sales, but ZakatInvest does not prescribe a fixed purification percentage and screened activities remain incomplete.
Inputs, assumptions and primary sources
- Debt combines $731 million of commercial paper and other short-term borrowings with $11,427 million of long-term debt, including the $1,005 million current portion.
- Cash uses $1,371 million of cash and cash equivalents; no separate interest-bearing securities balance is identified in the cited balance sheet.
- Accounts receivable are $3,130 million and quarterly net sales are $5,341 million.
- Disclosed interest income is $21 million, or 0.39% of quarterly net sales; no universal purification rate is prescribed here.
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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