MSA
MSA Safety Incorporated
Is MSA Halal?
Socially beneficial safety-equipment maker with passing known asset ratios, but current filing-based activity and income data remain incomplete.
What You Should Know
MSA Safety Incorporated manufactures worker-protection, gas-detection, head-protection, fall-protection and firefighter equipment. Its March 31, 2026 Form 10-Q reports assets of $2,563.986 million, interest-bearing debt of $613.149 million, cash of $180.158 million and trade receivables of $325.011 million. Debt/assets is 23.91%, liquidity/assets is 7.03% and receivables-plus-cash/assets is 19.70%; gross interest income and a reproducible prohibited-revenue numerator are not separately disclosed. The known ratios pass the examined MSCI and Malaysia proxies, but activity and FTSE income treatment remain incomplete, so the stored result is doubtful rather than an unconditional halal certification.
⚠️ Concerns
- •Known debt, liquidity and receivables-plus-cash ratios pass the examined asset limits
- •Industrial, energy and municipal customers have mixed end uses
- •Gross interest income and a universal prohibited-revenue numerator are unavailable
- •Acquisition financing affects leverage
- •Re-screen after the next filing or a material acquisition
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
613.149 / 2,563.986
180.158 / 2,563.986
505.169 / 2,563.986
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 23.91%, liquidity is 7.03% and receivables plus cash is 19.70%, below examined FTSE limits, but gross interest income is unavailable.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 23.91%, liquidity is 7.03% and receivables plus cash is 19.70%, below examined MSCI total-assets limits; activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 23.91% and liquidity is 7.03%, below the examined 33% limits; activity remains incomplete and this is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored and activity classification remains incomplete.
Business-activity disclosure
MSA Safety manufactures worker-protection, gas-detection, head-protection, fall-protection and firefighter equipment. Life-safety manufacturing is generally permissible, while customer end uses require review.
Limitation: The filing does not provide a reproducible prohibited-revenue numerator for end-use categories, and gross interest income is not separately disclosed.
Purification
Gross interest income is not separately disclosed and no scholar-approved purification percentage is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions converted from MSA Safety's thousands-of-dollars presentation for March 31, 2026.
- Debt combines $8.074 million notes and current debt with $605.075 million long-term debt; operating leases are excluded.
- Cash is $180.158 million and no separately identified interest-bearing securities are added.
- Trade receivables are $325.011 million and first-quarter net sales are $463.632 million; gross interest income is not separately disclosed.
- The company reports safety equipment across fire service, industrial, energy and construction customers.
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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