MLI
Mueller Industries, Inc.
Is MLI Halal?
Copper, brass, aluminum and climate-products manufacturing — generally permissible activity, but the current liquidity and receivables screens fail.
What You Should Know
Mueller Industries manufactures copper, brass, aluminum, plastic, piping and climate/HVAC components. Its March 28, 2026 Form 10-Q reports assets of $3,942.363 million, debt and leases of $22.824 million, cash of $1,382.345 million, short-term investments of $20.696 million, receivables of $670.511 million and quarterly revenue of $1,193.005 million. Debt/assets is 0.58%, liquidity/assets is 35.59%, receivables plus cash/assets is 52.07% and disclosed interest income is 0.99% of revenue; liquidity and receivables screens fail. No universal prohibited-revenue numerator is disclosed.
⚠️ Concerns
- •Liquidity/assets is 35.59%, above examined 33.333% limits
- •Receivables-plus-cash/assets is 52.07%, above the examined 50% FTSE-style limit
- •Metal-price and industrial-cycle sensitivity
- •Disclosed interest income is 0.99% of quarterly revenue; no fixed purification percentage asserted
- •No universal prohibited-revenue numerator is disclosed
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-28; calculated 2026-07-15.
22.824 / 3,942.363
1,403.041 / 3,942.363
2,052.856 / 3,942.363
11.87 / 1,193.005
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 35.59%, above the examined 33.333% limit, and receivables-plus-cash/assets is 52.07%, above the examined 50% limit; debt/assets is 0.58% and disclosed interest income is 0.99%.
- Financial
- Fails
- Overall
- Fails
Liquidity/assets and receivables-plus-cash/assets are above the examined MSCI limits; debt/assets and disclosed interest income remain below their limits.
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 35.59%, above the examined Malaysia limit. This is not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; the total-assets liquidity and receivables screens already fail.
Business-activity disclosure
Mueller manufactures copper, brass, aluminum, plastic, piping and climate/HVAC components. The core manufacturing activity is generally permissible, while downstream end-use allocation remains qualitative.
Limitation: The filing does not provide a universal prohibited-revenue numerator across product and customer categories.
Purification
The filing discloses $11.870 million of interest income, but no scholar-specific purification instruction or universal prohibited-revenue numerator is provided.
Inputs, assumptions and primary sources
- Amounts are USD millions from Mueller Industries' March 28, 2026 Form 10-Q.
- Mueller reports no debt; the $22.824 million total combines current and noncurrent operating lease liabilities for a conservative debt perimeter.
- Cash is $1,382.345 million and short-term investments are $20.696 million.
- Receivables are $670.511 million, quarterly revenue is $1,193.005 million and disclosed interest income is $11.870 million, approximately 0.99% of revenue.
- Copper, brass, aluminum, plastic, piping and climate products are generally permissible, but no universal prohibited-revenue numerator is asserted.
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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