IR
Ingersoll Rand Inc.
Is IR Halal?
Industrial manufacturer of air compressors, pumps, blowers, and fluid-handling equipment — a permissible business with passing known asset ratios and incomplete activity allocation.
What You Should Know
Ingersoll Rand designs and manufactures compressors, vacuum systems, blowers, pumps and fluid-management equipment for industrial, manufacturing and life-science customers. Its March 31, 2026 Form 10-Q reports assets of $18,218.2 million, reported debt and disclosed current operating leases of $4,843.6 million, cash of $1,274.4 million, receivables of $1,455.2 million and quarterly revenue of $1,847.2 million. Debt/assets is 26.59%, liquidity/assets is 7.00% and receivables plus cash/assets is 14.98%; known ratios pass, while no universal prohibited-revenue numerator is disclosed. The filing reports $4.0 million of interest income, approximately 0.22% of quarterly revenue.
⚠️ Concerns
- •Known debt/assets is 26.59%, below examined limits, but acquisition activity can change the balance sheet
- •Industrial and life-science customer end uses require qualitative review
- •Disclosed interest income is 0.22% of quarterly revenue; no fixed purification percentage asserted
- •Reported structured facts did not separately provide a noncurrent operating-lease liability
- •Acquisition and industrial-production cycles
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
4,843.6 / 18,218.2
1,274.4 / 18,218.2
2,729.6 / 18,218.2
4 / 1,847.2
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 26.59%, liquidity/assets is 7.00%, receivables-plus-cash/assets is 14.98% and disclosed interest income is 0.22%; activity allocation remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets, liquidity/assets and receivables-plus-cash/assets are below the examined MSCI limits; activity allocation remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 26.59% and liquidity/assets is 7.00%, 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
Ingersoll Rand manufactures compressors, vacuum systems, blowers, pumps and fluid-management equipment. The core industrial activity is generally permissible, while customer end-use allocation remains qualitative.
Limitation: The filing does not provide a universal prohibited-revenue numerator across customer end uses.
Purification
The filing discloses $4.0 million of interest income, but no scholar-specific purification instruction or universal prohibited-revenue numerator is provided.
Inputs, assumptions and primary sources
- Amounts are USD millions from Ingersoll Rand's March 31, 2026 Form 10-Q for the three months ended that date.
- Debt combines $4,778.8 million of reported long-term debt and capital-lease obligations with the $64.8 million current operating-lease liability disclosed in accrued liabilities; a separately tagged noncurrent operating-lease liability was not available in the structured facts.
- Cash is $1,274.4 million and net accounts receivable is $1,455.2 million at March 31, 2026.
- The filing discloses $4.0 million of interest income on cash and cash equivalents for the quarter, equal to approximately 0.22% of quarterly revenue.
- Industrial equipment is generally permissible, but no universal 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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