LOW
Lowe's Companies, Inc.
Is LOW Halal?
Home-improvement big-box retailer — permissible retail business with manageable financial-screen profile.
What You Should Know
Lowe's Companies is a US home-improvement big-box retailer serving do-it-yourself and professional contractor customers. Its January 30, 2026 Form 10-K reports $54,144 million of assets, $44,677 million of debt including capital and operating leases, $982 million of cash, $370 million of short-term investments, $1,090 million of receivables and $86,286 million of annual sales. Debt/assets is 82.52%, so the examined FTSE Yasaar, MSCI and Malaysia asset-ratio screens fail. The home-improvement business is generally permissible, but private-label credit-program economics and product/customer allocation remain qualitative.
⚠️ Concerns
- •Debt/assets materially exceeds the examined 33% limits
- •Private-label credit-program economics
- •Interest income is not separately usable as a non-compliant-income numerator
- •Product and customer mix requires qualitative review
Current quantitative Sharia screen
Based on 10-K figures for the period ended 2026-01-30; calculated 2026-07-15.
44,677 / 54,144
1,352 / 54,144
2,072 / 54,144
- Financial
- Fails
- Overall
- Fails
Debt/assets is 82.52%, above the examined 33.333% limit; liquidity/assets is 2.50% and receivables-plus-cash/assets is 3.83%. Income is unavailable, but the debt failure is decisive.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 82.52%, above the examined 33.33% limit; liquidity and receivables-plus-cash remain below the examined limits.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 82.52%, above the examined Malaysia 33% limit; liquidity/assets is 2.50%. This calculation is not an official classification.
- 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
Lowe's operates home-improvement retail stores selling building materials, tools, appliances and related consumer goods. The core retail activity is generally permissible, while the private-label credit program and product/customer allocation require qualitative review.
Limitation: The filing does not provide a universal prohibited-activity numerator for credit-program economics, product categories and customers.
Purification
Lowe's does not separately disclose a scholar-universal non-compliant income amount or a complete prohibited-activity numerator; no purification percentage is asserted.
Inputs, assumptions and primary sources
- Amounts are USD millions from Lowe's January 30, 2026 Form 10-K.
- Interest-bearing debt is $39,921 million of debt and capital-lease obligations plus $4,756 million of operating-lease liabilities; leases are included conservatively.
- Cash and cash equivalents are $982 million, short-term investments are $370 million and receivables are $1,090 million.
- Full-year net sales are $86,286 million. The filing reports net interest expense rather than a separately usable non-compliant income numerator.
- Home-improvement retail is generally permissible, but the private-label credit program and product/customer mix are not reduced to a universal prohibited-revenue numerator.
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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