JCI

Johnson Controls International plc

HALAL — FINANCIAL SCREENS PASSstock

Is JCI Halal?

Building technologies and HVAC are generally permissible, and the latest examined financial ratios pass.

What You Should Know

Johnson Controls' March 31, 2026 Form 10-Q reports 24.83% interest-bearing debt/assets, 1.82% cash/assets and 19.06% receivables-plus-cash/assets. Quarterly net sales were 6,142 million and disclosed interest income was 1 million; financing receivables, downstream end uses and market-cap methods remain incomplete.

⚠️ Concerns

  • Financing receivables and service contracts require contract-level review
  • Debt/assets is below but not far from the examined limit
  • Interest income is disclosed within net financing charges
  • Building-security systems have varied downstream end uses

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
24.83%Within limit
Below 33.333% under FTSE Yasaar

9,523 / 38,354

Cash + interest-bearing securities / assets
1.82%Within limit
Below 33.333% under FTSE Yasaar

698 / 38,354

Receivables + cash / assets
19.06%Within limit
Below 50% under FTSE Yasaar

7,312 / 38,354

Non-compliant income / revenue
0.02%Within limit
No more than 5% under FTSE Yasaar

1 / 6,142

FTSE Yasaar
v4.6, February 2026
Financial
Pass
Overall
Incomplete

Debt/assets is 24.83%, cash/assets is 1.82%, receivables plus cash/assets is 19.06% and disclosed interest income/revenue is 0.02%; financial ratios pass, while business and market-cap records remain incomplete.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Pass
Overall
Incomplete

Known debt, liquidity, receivables-plus-cash and disclosed income ratios pass the examined MSCI limits; this is not an index-membership claim.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Pass
Overall
Incomplete

Debt/assets and identifiable liquidity/assets are below the examined SAC limits; this is a contextual calculation, not an official classification.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Not calculated

A properly licensed reproducible market-cap history is not stored; a spot estimate is not substituted.

Business-activity disclosure

Johnson Controls provides HVAC, building automation, fire, security and related building-services systems. These industrial and safety technologies are generally permissible, while financing receivables and downstream customer end uses are not quantified into a school-specific prohibited-revenue numerator.

Limitation: The filing does not provide a reproducible market-cap denominator history or a universal prohibited-revenue taxonomy.

Purification

Interest income of 1 million is disclosed within net financing charges, but no fixed purification percentage is prescribed; investors should seek qualified guidance.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Johnson Controls' March 31, 2026 Form 10-Q.
  • Debt is short-term debt of 882 plus current portion of long-term debt of 28 plus long-term debt of 8,613; leases are excluded.
  • Cash is 698 and accounts receivable are 6,614.
  • Quarterly net sales are 6,142.
  • The filing reports 1 million of interest income within net financing charges; no prohibited-revenue taxonomy is separately disclosed.

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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