LYB
LyondellBasell Industries N.V.
Is LYB Halal?
Chemical and polymer manufacturing is generally permissible, but LyondellBasell's current total-assets debt ratio is above the examined Sharia limits.
What You Should Know
LyondellBasell manufactures chemicals, polymers, plastics and catalysts and licenses polymer-processing technologies. Its March 31, 2026 Form 10-Q reports $33,958 million of total assets, $12,921 million of total debt, $2,635 million of cash, $3,257 million of receivables and $7,197 million of continuing-operations revenue. Those inputs produce debt/assets of 38.04%, liquidity of 7.76%, receivables plus cash/assets of 17.35% and disclosed interest income/revenue of 0.43%. Debt fails the examined FTSE Yasaar, MSCI and Malaysia asset-based limits, while the core industrial business is generally permissible and the prohibited-revenue numerator remains undisclosed. The Houston refinery ceased operations in February 2025 and is reported as discontinued operations.
⚠️ Concerns
- •Debt/assets of 38.04% exceed the examined 33% limits; cyclical chemical earnings and asset sales can move the ratio
- •The Houston refinery ceased operations in February 2025 and is reported as discontinued operations
- •Plastic production, petrochemicals, emissions, waste and circular-economy claims remain environmental-stewardship topics
- •The filing discloses $31 million of interest income but no scholar-approved purification percentage
- •Commodity prices, plant shutdowns and European asset sales can materially change the corporate perimeter and future screen
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-13.
12,921 / 33,958
2,635 / 33,958
5,892 / 33,958
31 / 7,197
- Financial
- Fails
- Overall
- Fails
Debt/assets are 38.04%, above the examined FTSE 33.333% limit. Liquidity is 7.76%, receivables plus cash are 17.35%, and disclosed interest income/revenue is 0.43%; debt is the binding failure.
- Financial
- Fails
- Overall
- Fails
Debt/assets are 38.04%, above the examined MSCI 33.33% total-assets limit. Liquidity and receivables plus cash are below their limits; the financial result still fails on debt. This is a calculation against the named method, not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Debt/assets are 38.04%, above the examined Malaysia SAC 33% limit. Liquidity is below the Malaysia limit, but the debt failure controls the financial result. 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 market-cap methods are not estimated from a current spot price.
Business-activity disclosure
LyondellBasell manufactures chemicals, polymers, plastics and catalysts and licenses polymer-processing technologies. Those core industrial activities are generally permissible at the activity level, while the discontinued Houston refining operation and environmental stewardship remain qualitative review topics.
Limitation: The filing does not allocate a universal prohibited-revenue numerator by end use, product formulation or customer activity, so no exact prohibited-revenue percentage is asserted.
Purification
LyondellBasell discloses interest income but does not provide a scholar-approved purification percentage. Investors should follow the qualified scholar or methodology they use rather than applying an invented fixed rate.
Inputs, assumptions and primary sources
- Inputs use LyondellBasell's March 31, 2026 Form 10-Q; amounts are USD millions and revenue and interest income are for the three-month period.
- Debt uses the filing's total debt including current maturities of $12,921 million: $1,467 million current maturities, $226 million short-term debt and $11,228 million long-term debt.
- Cash uses $2,635 million of cash and cash equivalents. The filing identifies marketable securities inside cash and cash equivalents; no separate interest-bearing-securities balance is added to avoid double counting.
- Receivables use $2,984 million of trade receivables plus $273 million of related-party receivables.
- Continuing-operations sales and other operating revenues were $7,197 million and disclosed interest income was $31 million. The screen does not infer a fixed purification percentage.
- LyondellBasell ceased Houston refinery operations in February 2025; refining is reported as discontinued operations in the current filing.
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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