DOW
Dow Inc.
Is DOW Halal?
Chemicals — industrial chemicals manufacturing is permissible.
What You Should Know
Dow produces plastics, industrial chemicals, and materials. Core manufacturing is permissible. Some products are used in alcohol production indirectly. Its March 31, 2026 filing shows 30.19% debt/assets, 6.88% liquidity/assets, 19.27% receivables-plus-cash/assets and 0.43% disclosed interest income/net sales; activity allocation remains incomplete.
⚠️ Concerns
- •Some chemicals used in alcohol industry (indirect)
- •Moderate debt
- •Chemical end-market allocation is not separately disclosed
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
18,047 / 59,780
4,110 / 59,780
11,519 / 59,780
42 / 9,794
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 30.19%, liquidity/assets is 6.88%, receivables-plus-cash/assets is 19.27% and disclosed interest income is 0.43%; examined financial ratios pass, but activity allocation remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt, liquidity and receivables-plus-cash are below the examined total-assets limits; chemical activity remains incompletely allocated. This is not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and identifiable conventional liquidity are 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.
Business-activity disclosure
Dow manufactures chemicals, plastics and materials. The retained qualitative analysis treats industrial manufacturing as generally permissible while noting indirect alcohol-industry use, environmental impacts and mixed customer end uses.
Limitation: No universal prohibited-revenue allocation is inferred from product, customer or end-market disclosures.
Purification
Disclosed interest income is 0.43% of quarterly net sales, but no scholar-approved purification percentage is asserted for chemical revenue.
Inputs, assumptions and primary sources
- Amounts are USD millions from Dow's March 31, 2026 Form 10-Q.
- Debt is $793 million current long-term debt plus $17,254 million long-term debt; operating leases are excluded. Cash is $4,110 million. Other investments are not entered as interest-bearing securities because the filing does not identify the full balance as conventional interest-bearing instruments.
- Accounts receivable combines $5,185 million trade and $2,224 million other current receivables. Quarterly net sales are $9,794 million and disclosed interest income is $42 million.
- The filing does not provide a scholar-universal prohibited-revenue numerator for chemical end uses, products used in alcohol production or industrial customers.
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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