HON
Honeywell International Inc.
Is HON Halal?
Industrial and aerospace products are generally permissible, but current debt/assets fails the financial screens and end-use review remains necessary.
What You Should Know
Honeywell supplies aerospace, building automation, industrial automation, process technology, materials and software products. Its March 31, 2026 filing reports debt/assets of 49.66%, liquidity/assets of 16.75%, receivables plus cash/assets of 27.08% and interest income/revenue of 0.98%. Aerospace/defense, chemicals, Quantinuum and the planned separation require qualitative review.
⚠️ Concerns
- •Debt/assets is 49.66% and exceeds the examined FTSE, MSCI and Malaysia limits
- •Aerospace and defense contracts require end-use and customer review
- •Chemical, materials, environmental and industrial-safety impacts remain material
- •Quantinuum, software/data activity, litigation and separation financing require continuing diligence
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
36,739 / 73,988
12,390 / 73,988
20,039 / 73,988
90 / 9,143
- Financial
- Fails
- Overall
- Fails
Debt/assets is 49.66%, above the examined 33.333% limit; liquidity/assets is 16.75%, receivables plus cash/assets is 27.08% and interest income/revenue is 0.98%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 49.66%, exceeding the examined MSCI total-assets debt limit; other measured ratios are below the cited limits.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 49.66%, 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
Honeywell supplies aerospace, building automation, industrial automation, process technology, materials and software products. Industrial and safety products are generally permissible, while aerospace/defense end uses, chemicals, software, Quantinuum and the planned aerospace separation require continuing qualitative review.
Limitation: The filing does not allocate every aerospace, defense, chemical, software or government-linked revenue stream into a universal prohibited-activity numerator.
Purification
Honeywell discloses interest income but does not prescribe a scholar-approved purification percentage; readers should follow the methodology and scholar they use.
Inputs, assumptions and primary sources
- Amounts are USD millions from Honeywell's March 31, 2026 Form 10-Q and rounded to the nearest million.
- Debt includes commercial paper and other short-term borrowings of $4,630 million, current maturities of $3,099 million and long-term debt of $29,010 million; operating leases are excluded.
- Cash is $11,977 million. Short-term investments are $413 million; equity investments and long-term receivables are excluded.
- Accounts receivable, net is $8,062 million. First-quarter net sales are $9,143 million and disclosed interest income is $90 million.
- Assets held for sale and the planned aerospace separation are retained in total assets, while no 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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