DCI
Donaldson Company, Inc.
Is DCI Halal?
Leading global filtration-systems-and-replacement-parts manufacturer — permissible industrial-filtration business with a strong financial-screen profile.
What You Should Know
Donaldson makes filtration systems, replacement parts and bioprocessing equipment across mobile, industrial and life-sciences applications. General-purpose filtration manufacturing is generally permissible, while defense, aerospace, food and bioprocessing end uses require qualitative review. Its April 30, 2026 Form 10-Q reports total assets of $3,087.5 million, debt of $598.0 million, cash of $204.1 million, receivables of $702.1 million and nine-month revenue of $2,826.8 million. Debt/assets is 19.37%, liquidity/assets is 6.61% and receivables plus cash/assets is 29.35%, so the known financial ratios pass; interest-income disclosure and prohibited-revenue allocation remain incomplete.
⚠️ Concerns
- •Defense, aerospace and food-processing end uses require qualitative review
- •Known debt/assets is 19.37%, below the examined 33.333% limits
- •The current filing does not separately disclose an interest-income numerator; no fixed purification percentage is asserted
- •Bioprocessing customer mix and end-market allocation are not universal numerators
- •Currency translation and equipment-cycle exposure remain business-quality considerations
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-04-30; calculated 2026-07-15.
598 / 3,087.5
204.1 / 3,087.5
906.2 / 3,087.5
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 19.37%, liquidity/assets is 6.61% and receivables-plus-cash/assets is 29.35%, below the examined limits; interest-income disclosure remains unavailable and activity allocation is incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 19.37%, liquidity/assets is 6.61% and receivables-plus-cash/assets is 29.35%, below the examined MSCI limits; activity allocation remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 19.37% and liquidity/assets is 6.61%, below the examined Malaysia limits; activity allocation remains incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored; filing-based asset ratios remain documented.
Business-activity disclosure
Donaldson makes filtration systems, replacement parts and bioprocessing equipment. Industrial and life-science filtration is generally permissible, while end-market allocation requires qualitative review.
Limitation: The filing does not provide a universal prohibited-revenue numerator across all filtration products and end markets.
Purification
The filing does not separately disclose an interest-income numerator suitable for a purification calculation; no fixed percentage is asserted.
Inputs, assumptions and primary sources
- Amounts are USD millions from Donaldson's April 30, 2026 Form 10-Q for the nine months ended that date.
- Debt combines $591.6 million of long-term debt and capital lease obligations with $6.4 million current long-term debt; no unsupported operating-lease balance was added.
- Cash and receivables are $204.1 million and $702.1 million respectively.
- Nine-month revenue is $2,826.8 million; the filing does not separately disclose an interest-income numerator usable for this screen.
- Filtration, replacement parts and bioprocessing equipment are generally permissible, while industrial, aerospace and life-science end uses require qualitative review.
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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