ITT
ITT Inc.
Is ITT Halal?
Engineered industrial components are generally permissible, but the current post-acquisition debt/assets ratio exceeds the examined asset-based Sharia limits.
What You Should Know
ITT's April 4, 2026 Form 10-Q reports $11,131.6 million of total assets, $3,852.3 million of interest-bearing debt, $600.8 million of cash, $1,038.0 million of net receivables, $1,211.9 million of quarterly revenue and $10.4 million of disclosed interest income. ZakatInvest's current calculations are debt/assets 34.61%, liquidity 5.40%, receivables plus cash/assets 14.72% and interest income/revenue 0.86%. Debt fails the examined FTSE Yasaar, MSCI total-assets and Malaysia SAC limits, while the core industrial-component activities are generally permissible and downstream prohibited-revenue allocation remains incomplete. The filing attributes the increase in assets to the SPX FLOW acquisition. This is a current ZakatInvest calculation, not an index-membership claim.
⚠️ Concerns
- •Debt/assets of 34.61% exceed the examined 33%–33.333% asset-based limits after the SPX FLOW acquisition
- •Aerospace-and-defense revenue was $195.1 million, about 16.10% of Q1 revenue; the filing does not split civilian components from restricted military end use
- •Disclosed interest income is 0.86% of quarterly revenue; purification remains methodology- and scholar-specific
- •ITT carries historic asbestos-related legal-liability reserves from legacy operations; reserve and indemnification developments require continuing diligence
- •Automotive, energy, chemical, mining and industrial end markets create cyclical and customer-use risks that are not resolved by the balance-sheet ratios
- •Market-cap denominator methods are not calculated without a licensed historical market-cap series
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-04-04; calculated 2026-07-13.
3,852.3 / 11,131.6
600.8 / 11,131.6
1,638.8 / 11,131.6
10.4 / 1,211.9
- Financial
- Fails
- Overall
- Fails
Debt is 34.61%, above the examined 33.333% asset-based limit. Liquidity is 5.40%, receivables plus cash/assets is 14.72% and disclosed interest income/revenue is 0.86%; those entered ratios pass, but the debt failure controls the financial result.
- Financial
- Fails
- Overall
- Fails
Debt is 34.61%, above the examined MSCI total-assets limit; liquidity, receivables plus cash and disclosed interest income pass. This is a calculation against the named method, not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Debt is 34.61%, above the examined 33% asset-based limit; liquidity, receivables plus cash and disclosed interest income pass. This is a calculation against SAC ratios, not an official classification of a U.S.-listed security.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible historical market-cap series is not stored, so these methods are not estimated from a current spot price.
Business-activity disclosure
ITT manufactures engineered industrial components and systems through Flow Technologies, Motion Technologies and Connect & Control Technologies. Pumps, valves, braking and damping systems, connectors and controls are generally permissible industrial activities at the business-line level.
Limitation: ITT reports end-market revenue, including aerospace and defense, but does not provide a scholar-specific prohibited-revenue numerator or a universal look-through treatment for every customer end use.
Purification
Disclosed interest income is 0.86% of quarterly revenue. A universal prohibited-revenue numerator and scholar-approved purification percentage are not separately disclosed, so this record does not prescribe a fixed rate.
Inputs, assumptions and primary sources
- Inputs use ITT's April 4, 2026 Form 10-Q; amounts are USD millions.
- Interest-bearing debt is $3,852.3 million: $477.3 million of short-term borrowings and $3,375.0 million of non-current long-term debt. Operating and other liabilities are not silently added.
- Cash and cash equivalents are $600.8 million. The filing does not separately report a marketable interest-bearing securities portfolio, so no additional securities balance is entered.
- Receivables use the reported net receivables balance of $1,038.0 million.
- Quarterly revenue is $1,211.9 million and disclosed interest income is $10.4 million. The filing does not provide a universal prohibited-revenue numerator for downstream end markets or customers.
- The filing says total assets increased primarily because of the SPX FLOW acquisition; this post-acquisition balance sheet is used for the screen.
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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