GT
The Goodyear Tire & Rubber Company
Is GT Halal?
Tire manufacturer — a permissible activity, but heavy interest-bearing debt usually pushes the leverage screen above the threshold.
What You Should Know
The Goodyear Tire & Rubber Company is one of the world's largest tire manufacturers, making tires for passenger cars, trucks, and other vehicles and operating a large retail and service network. Manufacturing tires is itself a clearly permissible activity with no haram revenue line. The complication is financial: Goodyear carries a large amount of interest-bearing debt relative to its market capitalization, and its total-debt-to-market-cap ratio frequently exceeds the 33% Sharia threshold. Because the deciding factor is leverage that typically sits above the limit, the stock is best treated as doubtful pending confirmation of the debt ratio on the latest filings. Interest income is incidental, but the heavy reliance on debt financing is the core screening concern.
⚠️ Concerns
- •Carries heavy interest-bearing debt — total debt / market cap frequently exceeds the 33% threshold, the deciding screen, and must be confirmed against the latest filings
- •The verdict is debt-dependent and can change as the company executes its transformation plan and pays down debt
- •Incidental interest income should be checked against the 5% threshold and the corresponding portion of returns purified
- •Re-screen before each purchase given the persistent leverage
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