DD

DuPont de Nemours, Inc.

HALAL — METHODS DIFFERstock

Is DD Halal?

Continuing specialty-materials, healthcare, water and industrial technologies are generally permissible, and the current asset-based financial ratios pass; product and end-use allocation remains incomplete.

What You Should Know

DuPont's March 31, 2026 Form 10-Q reports $21,449 million of total assets, $3,172 million of interest-bearing debt, $710 million of cash, $1,699 million of net accounts and notes receivable and $1,681 million of quarterly continuing-operations net sales. Those inputs produce debt/assets of 14.79%, liquidity of 3.31%, receivables plus cash/assets of 11.23% and disclosed interest income/revenue of 0.59%, so the examined asset-based financial screens pass. DuPont's continuing Healthcare & Water Technologies and Diversified Industrials businesses are generally permissible specialty-materials and water-technology activities, but the filing does not allocate a universal prohibited-revenue numerator by product or end use. This is a current ZakatInvest calculation, not an index-membership claim.

⚠️ Concerns

  • Debt/assets of 14.79%, liquidity of 3.31% and receivables plus cash/assets of 11.23% pass the examined asset-based limits, but divestitures, debt actions and cash deployment can change the screen
  • The filing reports $10 million of interest income, or 0.59% of continuing-operations revenue; $7 million relates to the Delrin-related Derby note receivable, and no fixed scholar-approved purification rate is asserted
  • Qnity Electronics was separated on November 1, 2025 and the Aramids business sale closed April 1, 2026; those businesses should not be silently treated as current continuing operations
  • Healthcare & Water Technologies includes medical packaging, biopharma materials and industrial water; Diversified Industrials includes automotive, aerospace, printing, packaging and building technologies, with end-use allocation remaining qualitative
  • The Aramids sale included approximately $1.2 billion cash, a $300 million interest-bearing note and an equity interest, which can change future balance-sheet and income exposures
  • PFAS, environmental remediation, legacy liabilities and restructuring remain material stewardship and governance topics
  • Market-cap denominator methods are not calculated without a licensed historical market-cap series

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-13.

USD · millions
Interest-bearing debt / assets
14.79%Within limit
Below 33.333% under FTSE Yasaar

3,172 / 21,449

Cash + interest-bearing securities / assets
3.31%Within limit
Below 33.333% under FTSE Yasaar

710 / 21,449

Receivables + cash / assets
11.23%Within limit
Below 50% under FTSE Yasaar

2,409 / 21,449

Non-compliant income / revenue
0.59%Within limit
No more than 5% under FTSE Yasaar

10 / 1,681

FTSE Yasaar
v4.6, February 2026
Financial
Pass
Overall
Incomplete

Debt is 14.79%, liquidity is 3.31%, receivables plus cash are 11.23% and disclosed interest income is 0.59%; the examined financial ratios pass, while business revenue remains incomplete.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Pass
Overall
Incomplete

Debt, liquidity, receivables plus cash and disclosed interest income pass the examined total-assets limits; no universal prohibited-revenue numerator is disclosed. This is a calculation against the named method, not an index-membership claim.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Pass
Overall
Incomplete

Debt is 14.79% and identifiable liquidity is 3.31% of total assets; the continuing specialty-materials activity is generally permissible, but screened business revenue remains undisclosed. This is a calculation against SAC ratios, not an official classification of a U.S.-listed security.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Not calculated

A properly licensed and reproducible historical market-cap series is not stored, so these methods are not estimated from a current spot price.

Business-activity disclosure

DuPont's continuing operations comprise Healthcare & Water Technologies and Diversified Industrials, including medical packaging, biopharma materials, industrial water, automotive and aerospace materials, building technologies and related specialty products. These general-purpose specialty-materials and water technologies are generally permissible at the activity level.

Limitation: The filing provides segment and product descriptions but does not allocate a universal prohibited-revenue numerator by customer, product end use or industrial application, so no unsupported haram-revenue percentage is estimated.

Purification

Disclosed interest income is 0.59% of quarterly continuing-operations revenue and passes the examined income threshold, but no fixed scholar-approved purification rate is asserted and business-revenue allocation remains incomplete.

Inputs, assumptions and primary sources
  • Assets use DuPont's consolidated total assets of $21,449 million at March 31, 2026.
  • Interest-bearing debt uses $40 million of commercial paper plus $3,132 million of long-term debt. Pension, operating and other noncurrent obligations are not silently added.
  • Cash uses $710 million of cash and cash equivalents. Restricted cash and no separately reported securities balance are not added.
  • Accounts and notes receivable uses the reported $1,699 million net balance; investments and noncurrent receivables are not silently added.
  • Quarterly continuing-operations net sales are $1,681 million and disclosed interest income is $10 million, or 0.59% of revenue. The filing notes that $7 million is non-cash interest on the Delrin-related Derby note receivable.
  • The Q1 filing reflects Qnity's November 2025 separation and reports the Aramids business as discontinued operations; DuPont completed the Aramids sale on April 1, 2026.

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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