MAS

Masco Corp.

HALAL — SCREEN DOES NOT PASSstock

Is MAS Halal?

Home improvement products — permissible manufacturing.

What You Should Know

Masco manufactures and distributes home improvement products (cabinets, faucets, etc.). Core business is permissible. Its March 2026 Form 10-Q reports $5,233 million of assets, $3,074 million of interest-bearing debt, $388 million of cash and $1,320 million of receivables against $1,918 million of quarterly sales. Debt/assets is 58.74%, so the examined asset-based financial screen fails; gross interest income and a prohibited-revenue numerator are not separately disclosed.

⚠️ Concerns

  • Housing cyclicality
  • Conventional debt/assets exceeds the examined 33.333% limits
  • Interest income and ancillary activity are not fully disclosed
  • Building-products acquisitions and international operations require review

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
58.74%Above limit
Below 33.333% under FTSE Yasaar

3,074 / 5,233

Cash + interest-bearing securities / assets
7.41%Within limit
Below 33.333% under FTSE Yasaar

388 / 5,233

Receivables + cash / assets
32.64%Within limit
Below 50% under FTSE Yasaar

1,708 / 5,233

FTSE Yasaar
v4.6, February 2026
Financial
Fails
Overall
Fails

Debt/assets is 58.74%, above the examined 33.333% limit; receivables-plus-cash/assets is 32.64%, while income and activity numerators are not fully disclosed.

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

Debt/assets is 58.74%, above the examined MSCI 33.33% limit; liquidity/assets is 7.41% and receivables-plus-cash/assets is 32.64%.

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

Debt/assets is 58.74%, above the examined Malaysia 33% limit; this is a calculation against SAC ratios, not an official classification.

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

A properly licensed and reproducible historical market-cap series is not stored; the asset-based debt failure is independently documented.

Business-activity disclosure

Masco manufactures plumbing products and decorative architectural products used in home improvement and construction. The core manufacturing activity is generally permissible, but the filing does not isolate every customer, end-use or ancillary activity for a universal Sharia activity screen.

Limitation: The filing reports segment net sales but does not provide a prohibited-revenue numerator or a complete contract-level classification of all ancillary activities.

Purification

Masco does not separately disclose gross interest income in this filing, and ZakatInvest does not prescribe a fixed scholar-approved purification percentage.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Masco's March 31, 2026 Form 10-Q.
  • Interest-bearing debt is $129 million of current notes payable plus $2,945 million of long-term debt; lease liabilities are excluded.
  • Cash and cash investments are $388 million; no separate interest-bearing securities are identified in the condensed balance sheet.
  • Receivables are $1,320 million; inventories and prepaid assets are excluded.
  • Quarterly net sales are $1,918 million. The filing reports $26 million of interest expense but does not separately disclose gross interest income or a 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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