ECL
Ecolab Inc.
Is ECL Halal?
Cleaning and water technologies are generally permissible, but current debt/assets is just above the financial limits.
What You Should Know
Ecolab provides water treatment, cleaning, sanitizing, pest-control, infection-prevention and healthcare solutions. Its March 31, 2026 filing reports debt/assets of 33.93%, receivables plus cash/assets of 15.18%, liquidity/assets of 2.08% and interest income/revenue of 0.11%. Hygiene and environmental services remain qualitatively permissible, while chemical formulations and healthcare end uses require review.
⚠️ Concerns
- •Debt/assets is 33.93% and exceeds the examined FTSE, MSCI and Malaysia limits
- •Chemical formulations, biocides and industrial-treatment products require product diligence
- •Healthcare and food-service customers create different end-use and regulatory considerations
- •Restructuring, acquisitions, interest-rate exposure and environmental obligations require review
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
8,495.7 / 25,040.6
519.8 / 25,040.6
3,800 / 25,040.6
4.6 / 4,066.1
- Financial
- Fails
- Overall
- Fails
Debt/assets is 33.93%, slightly above the examined FTSE limit; liquidity/assets is 2.08%, receivables plus cash/assets is 15.18% and interest income/revenue is 0.11%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 33.93%, exceeding the examined MSCI total-assets debt limit; other measured ratios are below the cited limits.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 33.93%, above the examined Malaysia SAC financial limit; this is not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; the debt screen fails independently.
Business-activity disclosure
Ecolab provides water treatment, cleaning, sanitizing, pest-control, infection-prevention and healthcare solutions. These environmental and hygiene services are generally permissible, while chemical formulations, healthcare products, food-service customers and product end uses require continuing review.
Limitation: The filing does not allocate every chemical, healthcare, customer or product line into a universal prohibited-revenue numerator.
Purification
Ecolab discloses $4.6 million of interest income but does not prescribe a scholar-approved purification percentage; readers should follow their chosen methodology or scholar.
Inputs, assumptions and primary sources
- Amounts are USD millions from Ecolab's March 31, 2026 Form 10-Q.
- Debt uses $1,573.2 million of short-term debt plus $6,922.5 million of long-term debt, including current maturities; operating leases are excluded.
- Cash and cash equivalents are $519.8 million; no separately identified interest-bearing securities balance is added.
- Accounts receivable, net is $3,280.2 million and first-quarter net sales are $4,066.1 million.
- The filing separately discloses $4.6 million of interest income; this is not a prohibited-revenue estimate.
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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