RSG
Republic Services Inc.
Is RSG Halal?
Waste and environmental services are generally permissible, but current debt/assets fails the financial screens and end-use allocation is incomplete.
What You Should Know
Republic Services provides collection, disposal, recycling, environmental-solutions and renewable-energy services. Its March 31, 2026 filing reports debt/assets of 40.07%, liquidity/assets of 1.18%, receivables plus cash/assets of 5.88% and interest income/revenue of 0.05%. The core environmental-services activity remains generally permissible, while landfill, healthcare, energy and customer end uses require qualitative review.
⚠️ Concerns
- •Debt/assets is 40.07% and exceeds the examined FTSE, MSCI and Malaysia limits
- •Environmental Solutions and healthcare-related services require contract and end-use review
- •Landfill capacity, remediation, emissions, permitting and environmental liabilities are material
- •Acquisitions, recycling markets, labor, safety and renewable-energy projects require review
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
13,864 / 34,600
410 / 34,600
2,035 / 34,600
2 / 4,113
- Financial
- Fails
- Overall
- Fails
Debt/assets is 40.07%, above the examined FTSE limit; liquidity/assets is 1.18%, receivables plus cash/assets is 5.88% and interest income/revenue is 0.05%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 40.07%, exceeding the examined MSCI total-assets debt limit; other measured ratios are below the cited limits.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 40.07%, above the examined Malaysia SAC financial limit; this is not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; the debt screen fails independently.
Business-activity disclosure
Republic Services provides collection, disposal, recycling, environmental-solutions and renewable-energy services. The core environmental-services activity is generally permissible, while landfill, healthcare, energy, chemical, government and end-use questions require continuing review.
Limitation: The filing does not allocate revenue by waste stream, customer, end use or prohibited activity into a reproducible prohibited-revenue numerator.
Purification
Republic Services discloses $2 million of interest income but does not prescribe a scholar-approved purification percentage; readers should follow their chosen methodology or scholar.
Inputs, assumptions and primary sources
- Amounts are USD millions from Republic Services' March 31, 2026 Form 10-Q.
- Debt is $547 million of notes payable/current maturities plus $13,317 million of long-term debt, net of current maturities; operating leases are excluded.
- Cash is $118 million. The balance sheet reports $292 million of restricted cash and marketable securities; that combined disclosed line is used as the securities input and may include restricted cash.
- Accounts receivable, net is $1,917 million and first-quarter revenue is $4,113 million.
- The filing discloses $2 million of interest income; no 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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