RPM
RPM International Inc.
Is RPM Halal?
Manufacturer of specialty coatings, sealants, and building-and-construction products — a permissible specialty-chemicals-and-coatings manufacturing business with a manageable financial-screen profile.
What You Should Know
RPM manufactures specialty coatings, sealants, building materials and related products through Construction Products, Performance Coatings, Consumer and Specialty Products groups. The core manufacturing activity is generally permissible, while end-market allocation remains qualitative. Its February 28, 2026 Form 10-Q reports assets of $7,884.654 million, conservative debt/leases of $2,889.949 million, cash of $294.206 million, receivables of $1,223.395 million and reported-period revenue of $1,607.949 million. Debt/assets is 36.65%, liquidity/assets is 3.73% and receivables plus cash/assets is 19.25%; the asset-based debt screen fails, and gross interest income and a universal prohibited-revenue numerator are unavailable.
⚠️ Concerns
- •Known debt/assets is 36.65%, above examined 33.333% limits
- •Coatings, sealants and construction end markets require qualitative review
- •Gross interest-income numerator unavailable; no fixed purification percentage asserted
- •Resin, solvent and pigment input-cost exposure
- •Acquisition, restructuring and construction-cycle exposure
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-02-28; calculated 2026-07-15.
2,889.949 / 7,884.654
294.206 / 7,884.654
1,517.601 / 7,884.654
- Financial
- Fails
- Overall
- Fails
Debt/assets is 36.65%, above the examined 33.333% limit; liquidity/assets is 3.73% and receivables-plus-cash/assets is 19.25%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 36.65%, above the examined MSCI 33.33% limit; liquidity and receivables-plus-cash remain below their limits.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 36.65%, above the examined Malaysia limit; identifiable liquidity/assets is 3.73%. This is not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A properly licensed and reproducible historical market-cap series is not stored; asset-based debt screening already fails.
Business-activity disclosure
RPM manufactures specialty coatings, sealants, building materials and related products. The core manufacturing activity is generally permissible, while end-market allocation remains qualitative.
Limitation: The filing does not provide a universal prohibited-revenue numerator or gross interest-income numerator.
Purification
Gross interest income is not separately disclosed; no fixed scholar-approved purification percentage is asserted.
Inputs, assumptions and primary sources
- Amounts are USD millions from RPM International's February 28, 2026 Form 10-Q for the nine months ended that date.
- Conservative debt combines $2,547.104 million long-term debt and capital-lease obligations with $342.845 million operating-lease liabilities.
- Cash is $294.206 million, net accounts receivable is $1,223.395 million and nine-month revenue is $1,607.949 million.
- The filing reports net interest expense and dividend income but does not separately disclose a gross interest-income numerator.
- Coatings, sealants and construction products are generally permissible; 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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