HUBB
Hubbell Incorporated
Is HUBB Halal?
Manufacturer of electrical and utility-infrastructure products — a permissible electrical-equipment manufacturing business with a strong financial-screen profile.
What You Should Know
Hubbell manufactures electrical, utility-grid and infrastructure products through Utility Solutions and Electrical Solutions. General-purpose electrical equipment is generally permissible, while utility, construction and end-market allocation remain qualitative. Its March 31, 2026 Form 10-Q reports assets of $8,417.700 million, conservative debt/leases of $2,738.700 million, cash of $501.600 million, identifiable interest-bearing securities of $212.100 million, receivables of $974.400 million and quarterly revenue of $1,516.700 million. Debt/assets is 32.54%, liquidity/assets is 8.48% and receivables plus cash/assets is 17.53%; known asset ratios pass, but gross interest income and a universal prohibited-revenue numerator are unavailable.
⚠️ Concerns
- •Known debt/assets is 32.54%, below examined 33.333% limits but close enough to re-check
- •Utility and infrastructure end markets require qualitative review
- •Gross interest-income numerator unavailable; no fixed purification percentage asserted
- •Acquisition, construction and utility-capital-spending cycles
- •Copper, aluminum, steel and electronics input-cost exposure
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
2,738.7 / 8,417.7
713.7 / 8,417.7
1,476 / 8,417.7
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 32.54%, liquidity/assets is 8.48% and receivables-plus-cash/assets is 17.53%, below the examined limits; gross interest-income disclosure and activity allocation remain incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 32.54%, liquidity/assets is 8.48% and receivables-plus-cash/assets is 17.53%, below the examined MSCI limits; activity allocation remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 32.54% and liquidity/assets is 8.48%, below the examined Malaysia limits; activity allocation remains incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored; filing-based asset ratios remain documented.
Business-activity disclosure
Hubbell manufactures electrical, utility-grid and infrastructure products. General-purpose electrical equipment is generally permissible, while utility, construction and end-market allocation remain qualitative.
Limitation: The filing does not provide a universal prohibited-revenue numerator or gross interest-income numerator for the consolidated product mix.
Purification
Gross interest income is not separately disclosed; no fixed scholar-approved purification percentage is asserted.
Inputs, assumptions and primary sources
- Amounts are USD millions from Hubbell's March 31, 2026 Form 10-Q for the quarter ended that date.
- Conservative debt combines $536 million current debt, $2,037 million noncurrent debt, $165.7 million operating-lease liabilities and $2 million other short-term borrowings; the latter is treated as included in the current-debt presentation and is not double-counted.
- Liquidity combines $501.6 million cash, $81.6 million available-for-sale debt securities, $99.8 million marketable securities and $30.7 million trading securities.
- Receivables are $974.4 million net current receivables and quarterly revenue is $1,516.7 million.
- The filing reports net interest expense rather than a gross interest-income numerator; no prohibited-revenue numerator is asserted for electrical and utility products.
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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