FLS

Flowserve Corporation

HALAL — DATA INCOMPLETEstock

Is FLS Halal?

Industrial pumps, valves and flow-control equipment — generally permissible activity whose known current asset-based ratios pass, with activity classification incomplete.

What You Should Know

Flowserve manufactures pumps, valves, seals and flow-control systems for industrial, energy, chemical and water customers. Its March 31, 2026 Form 10-Q reports assets of $5,733.16 million, debt and leases of $1,890.325 million, cash of $792.354 million, receivables of $958.985 million and sales of $1,068.269 million. Debt/assets is 32.97%, liquidity/assets is 13.82%, receivables plus cash/assets is 30.55% and disclosed interest income is 0.14% of revenue. No universal prohibited-revenue numerator is disclosed.

⚠️ Concerns

  • Debt/assets is 32.97%, close to examined 33.333% limits
  • Oil, gas, chemical, power and water end markets require qualitative review
  • Disclosed interest income is 0.14% of quarterly revenue; no fixed purification percentage asserted
  • 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.

USD · millions
Interest-bearing debt / assets
32.97%Within limit
Below 33.333% under FTSE Yasaar

1,890.325 / 5,733.16

Cash + interest-bearing securities / assets
13.82%Within limit
Below 33.333% under FTSE Yasaar

792.354 / 5,733.16

Receivables + cash / assets
30.55%Within limit
Below 50% under FTSE Yasaar

1,751.339 / 5,733.16

Non-compliant income / revenue
0.14%Within limit
No more than 5% under FTSE Yasaar

1.5 / 1,068.269

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

Debt/assets is 32.97%, liquidity/assets is 13.82%, receivables-plus-cash/assets is 30.55% and disclosed interest income is 0.14%; the debt ratio is close to the examined limit and activity remains incomplete.

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

Known asset-based ratios are below the examined limits; no universal prohibited-revenue numerator is disclosed.

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

Known financial ratios pass the examined limits. This is not an official classification and the activity numerator remains qualitative.

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

A licensed historical market-cap series is not stored; the total-assets ratios are shown separately.

Business-activity disclosure

Flowserve manufactures pumps, valves, seals and flow-control systems for industrial, energy, chemical and water customers. The core manufacturing activity is generally permissible, while downstream end-use allocation remains qualitative.

Limitation: The filing does not provide a universal prohibited-revenue numerator across customer and end-use categories.

Purification

The filing discloses $1.5 million of interest income, but no scholar-specific purification instruction or universal prohibited-revenue numerator is provided.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Flowserve's March 31, 2026 Form 10-Q.
  • Debt combines $1,714.972 million of current and long-term debt with $175.353 million of operating lease liabilities.
  • Cash is $792.354 million and accounts receivable is $958.985 million.
  • Sales are $1,068.269 million and disclosed interest income is $1.5 million, approximately 0.14% of revenue.
  • Industrial pumps, valves, seals and flow-control equipment are generally permissible, but no universal prohibited-revenue numerator is asserted.

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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