FMC
FMC Corporation
Is FMC Halal?
Chemical and agricultural products — environmental concerns.
What You Should Know
FMC makes specialized chemicals and agricultural products. Environmental production concerns. Its March 31, 2026 Form 10-Q reports $9,419.5 million of assets, $4,533.6 million of interest-bearing debt, $390.9 million of cash, $20.6 million of reported investments, $2,244.8 million of trade receivables and $758.6 million of quarterly revenue. Debt/assets is 48.13%, liquidity/assets is 4.37% and receivables-plus-cash/assets is 27.98%; the debt screen fails across the examined methodologies and gross interest income is not separately disclosed.
⚠️ Concerns
- •Chemical manufacturing
- •Environmental and product-stewardship impact
- •Debt/assets exceeds the examined limits
- •India business held for sale
- •Gross interest income is not separately disclosed
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
4,533.6 / 9,419.5
411.5 / 9,419.5
2,635.7 / 9,419.5
- Financial
- Fails
- Overall
- Fails
Debt/assets is 48.13%, above the examined 33.333% limit; liquidity/assets is 4.37% and receivables-plus-cash/assets is 27.98%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 48.13%, above the examined MSCI 33.33% limit; liquidity/assets is 4.37% and receivables-plus-cash/assets is 27.98%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 48.13%, above the examined Malaysia 33% limit; this is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A properly licensed and reproducible historical market-cap series is not stored; the debt failure remains independently documented.
Business-activity disclosure
FMC develops and sells insecticides, herbicides, fungicides, biologicals, crop nutrition and seed-treatment products. Agriculture is generally permissible, but chemical safety, environmental impact, product stewardship and product mix require qualitative review; financial leverage independently fails.
Limitation: The filing does not allocate every product and customer into a scholar-universal prohibited-activity numerator.
Purification
Gross interest income is not separately disclosed in the current filing; no purification percentage is invented. Debt failure is independent.
Inputs, assumptions and primary sources
- Amounts are USD millions from FMC's March 31, 2026 Form 10-Q.
- Total debt is $4,533.6 million, including short-term debt and current and long-term debt; operating lease liabilities are excluded.
- Cash and cash equivalents are $390.9 million. The balance sheet reports $20.6 million of investments; the filing does not disaggregate the instruments, so the line is included conservatively.
- Trade receivables, net are $2,244.8 million and first-quarter revenue is $758.6 million.
- FMC sells crop-protection chemicals, biologicals, crop nutrition and seed-treatment products; product stewardship and environmental questions remain qualitative.
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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