MLM
Martin Marietta Materials, Inc.
Is MLM Halal?
Aggregates and construction-materials producer — a permissible building-materials business with passing known asset ratios and incomplete disclosure.
What You Should Know
Martin Marietta supplies aggregates, cement, ready-mix and specialty materials for construction and infrastructure. Its March 31, 2026 Form 10-Q reports assets of $20,497 million, interest-bearing debt of $5,294 million, cash of $273 million, receivables of $780 million and quarterly revenue of $1,362 million. Debt/assets is 25.83%, liquidity/assets is 1.33% and receivables plus cash/assets is 5.14%; known ratios pass, but gross interest income and a universal prohibited-revenue numerator are not separately disclosed.
⚠️ Concerns
- •Known interest-bearing debt/assets is 25.83%, below examined limits, but acquisition and quarry investment can change leverage
- •Construction and infrastructure end uses require qualitative review
- •Gross interest-income numerator unavailable; no fixed purification percentage asserted
- •Operating leases are excluded from the interest-bearing debt numerator
- •Construction and infrastructure-spending cycles
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
5,294 / 20,497
273 / 20,497
1,053 / 20,497
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 25.83%, liquidity/assets is 1.33% and receivables-plus-cash/assets is 5.14%; gross interest income is unavailable.
- Financial
- Pass
- Overall
- Incomplete
Known asset ratios pass examined MSCI total-assets limits; income and project/end-use classification remain incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known debt and liquidity ratios pass examined limits; this is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored and income/project disclosure remains incomplete.
Business-activity disclosure
Martin Marietta supplies aggregates, cement, ready-mix and specialty materials for construction and infrastructure. The materials business is generally permissible in principle, while project and end-use allocation remains qualitative.
Limitation: The filing does not provide a universal prohibited-activity revenue numerator by project or end use.
Purification
Gross interest income is not separately disclosed in the filing, so no income ratio or fixed purification percentage is asserted.
Inputs, assumptions and primary sources
- Amounts are USD millions from Martin Marietta's March 31, 2026 Form 10-Q.
- Interest-bearing debt is $5,294 million noncurrent; operating leases are excluded.
- Cash and cash equivalents are $273 million and accounts receivable are $780 million.
- First-quarter revenue is $1,362 million.
- Gross interest income is not separately disclosed; no income numerator or purification percentage is inferred.
- Aggregates, cement and construction materials are generally permissible in principle, but prohibited end-use revenue is not allocated.
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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