FELE
Franklin Electric Co., Inc.
Is FELE Halal?
Water and fuel pumping, motor and controls manufacturing — generally permissible activity whose known current asset-based ratios pass, with gross interest income and activity classification incomplete.
What You Should Know
Franklin Electric manufactures water and fuel pumping systems, motors, drives and controls. Its March 31, 2026 Form 10-Q reports assets of $1,996.565 million, debt of $224.185 million, cash of $80.400 million, marketable securities of $4.1 million and receivables of $297.859 million against quarterly net sales of $500.437 million. Debt/assets is 11.23%, liquidity/assets is 4.23% and receivables plus cash/assets is 18.95%; known asset-based ratios pass, but gross interest income and a universal prohibited-revenue numerator are not separately disclosed.
⚠️ Concerns
- •Known asset-based ratios pass, but gross interest income and activity classification remain incomplete
- •Marketable securities are excess pension-plan assets and are included conservatively
- •Water, wastewater, fuel and agricultural end markets
- •Acquisition, construction and industrial cycles
- •No universal prohibited-revenue numerator is disclosed
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
224.185 / 1,996.565
84.5 / 1,996.565
378.259 / 1,996.565
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 11.23%, liquidity/assets is 4.23% and receivables-plus-cash/assets is 18.95%; gross interest income and activity remain unavailable.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity and receivables-plus-cash ratios are below the examined MSCI limits; this is not an index-membership claim and activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and identifiable liquidity/assets are below the examined Malaysia limits; this is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored; filing-based asset ratios remain documented.
Business-activity disclosure
Franklin Electric manufactures water and fuel pumping systems, motors, drives and controls for residential, agricultural, commercial and industrial customers. The general-purpose equipment activity is generally permissible, but the filing does not provide a universal prohibited-revenue numerator for downstream end uses.
Limitation: No universal prohibited-activity revenue numerator or scholar-specific purification percentage is disclosed; fuel, agricultural and customer end-use allocation remains qualitative.
Purification
The filing does not separately disclose gross interest income; ZakatInvest does not infer a purification amount or prescribe a fixed scholar-approved percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Franklin Electric's March 31, 2026 Form 10-Q.
- Interest-bearing debt combines $89.779 million of current maturities and short-term borrowings with $134.406 million of long-term debt; reported lease liabilities are operating leases and are excluded.
- Cash and cash equivalents are $80.400 million; the filing separately identifies $4.1 million of marketable securities as excess pension-plan assets and it is included conservatively; net accounts receivable are $297.859 million.
- First-quarter net sales are $500.437 million. Other income/expense is reported net and does not provide a separately reproducible gross interest-income numerator.
- Water and fuel pumping, motors and controls are retained as qualitative analysis; no universal prohibited-revenue numerator is disclosed.
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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