Is PCAR (PACCAR Inc.) halal?

Q: Is PCAR (PACCAR Inc.) halal?

DOUBTFUL: Truck manufacturer — halal core business but PACCAR Financial has interest-based lending. PACCAR manufactures Kenworth and Peterbilt trucks. The core manufacturing business is entirely permissible. However, PACCAR Financial Services provides truck financing and leasing at interest, which is a significant segment generating riba-based revenue.

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PCAR

PACCAR Inc.

DOUBTFUL

Score: 65/100

stock

Is PCAR Halal?

Truck manufacturer — halal core business but PACCAR Financial has interest-based lending.

What You Should Know

PACCAR manufactures Kenworth and Peterbilt trucks. The core manufacturing business is entirely permissible. However, PACCAR Financial Services provides truck financing and leasing at interest, which is a significant segment generating riba-based revenue.

⚠️ Concerns

•PACCAR Financial Services — interest-based truck lending
•Revenue from riba-based financial products
•Dealer financing at interest

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