IP
International Paper Co.
Is IP Halal?
Paper and packaging — permissible industrial products.
What You Should Know
International Paper's March 31, 2026 filing shows debt/assets 24.96%, liquidity/assets 3.39%, receivables plus cash/assets 14.43%, and interest income/revenue 0.94%. Paper and packaging are generally permissible, while forestry, DS Smith integration and downstream end uses remain qualitative concerns.
⚠️ Concerns
- •Forestry and land-use obligations
- •DS Smith integration changes the perimeter
- •Interest income requires methodology-specific treatment
- •End-use revenue not quantified
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
9,093 / 36,434
1,236 / 36,434
5,258 / 36,434
56 / 5,971
- Financial
- Pass
- Overall
- Incomplete
Debt is 24.96%, liquidity is 3.39%, receivables plus cash is 14.43%, and disclosed interest income is 0.94%; each is below the examined FTSE thresholds. Business activity remains unquantified.
- Financial
- Pass
- Overall
- Incomplete
Debt, liquidity and receivables plus cash are below the examined total-assets limits. This is not an index-membership claim; screened activity revenue remains undisclosed.
- Financial
- Pass
- Overall
- Incomplete
Debt and identifiable liquidity are below 33% of total assets. This is a calculation against SAC ratios, not an official classification; screened activity revenue remains unavailable.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible 24- or 36-month issuer market-cap history is not stored, so market-cap methods are not estimated from a current spot price.
Business-activity disclosure
International Paper produces paper, packaging and related fiber products. Paper and packaging are generally permissible industrial activities, but forestry, recycled-fiber sourcing, DS Smith integration and downstream end uses require qualitative review.
Limitation: The filing does not provide a reproducible prohibited-revenue numerator for forestry, fiber sourcing, packaging end uses or other scholar-specific activity categories.
Purification
Disclosed interest income is $56 million, or 0.94% of quarterly net sales, but ZakatInvest does not prescribe a fixed purification percentage and screened operating-revenue categories remain incomplete.
Inputs, assumptions and primary sources
- Debt combines $918 million of notes payable and current maturities with $8,175 million of long-term debt.
- Cash uses $1,236 million of cash and cash equivalents. The filing does not identify a separate interest-bearing securities balance for this input.
- Accounts and notes receivable are $4,022 million and quarterly net sales are $5,971 million.
- The filing reports $56 million of interest income, or 0.94% of quarterly net sales; no universal purification rate is prescribed here.
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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