CRH
CRH plc
Is CRH Halal?
Building-materials maker — a permissible construction-materials business, with cyclical acquisition debt to screen.
What You Should Know
CRH plc produces aggregates, cement, asphalt, ready-mixed concrete and building products. Its March 31, 2026 Form 10-Q reports assets of $58,167 million, interest-bearing debt of $18,438 million, cash of $3,240 million and receivables of $5,511 million. Debt/assets is 31.70%, liquidity/assets is 5.57% and receivables-plus-cash/assets is 15.04%; the known asset-based ratios pass. Interest income is $21 million (0.29% of quarterly revenue), while business allocation and a reproducible market-cap denominator remain incomplete.
⚠️ Concerns
- •Known debt/assets is 31.70%, below examined 33% limits but close enough to monitor
- •Construction and infrastructure customer mix remains qualitative
- •Interest income of $21 million is disclosed; no scholar-approved purification percentage is asserted
- •Acquisition and cyclical demand can move the ratios
- •Re-screen the financial ratios periodically
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
18,438 / 58,167
3,240 / 58,167
8,751 / 58,167
21 / 7,370
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 31.70%, liquidity/assets is 5.57%, receivables-plus-cash/assets is 15.04% and interest income/revenue is 0.29%; known ratios pass but business disclosure remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets, liquidity/assets and receivables-plus-cash/assets are below the examined MSCI limits; business disclosure remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 31.70% and liquidity/assets is 5.57%, below the examined Malaysia limits; this is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored; known asset-based ratios pass but business disclosure remains incomplete.
Business-activity disclosure
CRH produces aggregates, cement, asphalt, ready-mixed concrete and other building products for construction and infrastructure. The core activity is generally permissible.
Limitation: The filing does not allocate revenue by downstream end use or provide a universal prohibited-revenue numerator; a reproducible historical market-cap denominator is also not stored.
Purification
Interest income of $21 million (0.29% of quarterly revenue) is disclosed for transparency; no scholar-approved purification percentage is asserted.
Inputs, assumptions and primary sources
- Amounts are USD millions from CRH's March 31, 2026 Form 10-Q.
- Debt uses reported current and noncurrent long-term debt of $18,438 million; a separate $111 million short-term borrowing line is not added to avoid double counting the reported debt measure.
- Cash is $3,240 million; no separate interest-bearing securities balance is identified.
- Receivables combine accounts and other receivables of $5,213 million and unbilled contract assets of $298 million.
- Interest income is $21 million (0.29% of quarterly revenue); building-materials activity is generally permissible, but revenue allocation and market-cap denominator remain incomplete.
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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