SSD
Simpson Manufacturing Co., Inc.
Is SSD Halal?
Manufacturer of structural building products — connectors, fasteners, and concrete-construction products — a permissible building-products manufacturing business with a strong, low-leverage financial-screen profile.
What You Should Know
Simpson Manufacturing makes structural connectors, fasteners and concrete-construction products through Simpson Strong-Tie. General-purpose building products are generally permissible, while residential, commercial and infrastructure end uses remain qualitative. Its March 31, 2026 Form 10-Q reports assets of $3,043.407 million, conservative debt/leases of $411.040 million, cash of $341.005 million, receivables of $400.082 million and quarterly revenue of $587.964 million. Debt/assets is 13.51%, liquidity/assets is 11.20% and receivables plus cash/assets is 24.35%; known ratios pass, but gross interest income and a universal prohibited-revenue numerator are unavailable.
⚠️ Concerns
- •Known debt/assets is 13.51%, below examined limits
- •Residential, commercial and infrastructure construction end uses require qualitative review
- •Gross interest-income numerator unavailable; no fixed purification percentage asserted
- •Steel input-cost exposure
- •Construction, repair-and-remodel and acquisition cycles
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
411.04 / 3,043.407
341.005 / 3,043.407
741.087 / 3,043.407
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 13.51%, liquidity/assets is 11.20% and receivables-plus-cash/assets is 24.35%, below the examined limits; gross interest-income disclosure and activity allocation remain incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 13.51%, liquidity/assets is 11.20% and receivables-plus-cash/assets is 24.35%, below the examined MSCI limits; activity allocation remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 13.51% and liquidity/assets is 11.20%, below the examined Malaysia limits; activity allocation remains incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored; filing-based asset ratios remain documented.
Business-activity disclosure
Simpson Manufacturing makes structural connectors, fasteners and concrete-construction products. General-purpose building products are generally permissible, while construction 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 Simpson Manufacturing's March 31, 2026 Form 10-Q for the quarter ended that date.
- Conservative debt combines $296.250 million total long-term debt with $114.790 million operating-lease liabilities; the $15 million current portion is included in the total debt figure.
- Cash is $341.005 million, net accounts receivable is $400.082 million and quarterly revenue is $587.964 million.
- The filing does not separately disclose a gross interest-income numerator or universal prohibited-revenue numerator.
- Structural connectors, fasteners and concrete-construction products are generally permissible, while residential and commercial construction end uses remain qualitative.
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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