TPX

Tempur Sealy International, Inc.

DOUBTFUL — SCREEN DOES NOT PASSstock

Is TPX Halal?

Mattress and bedding maker whose products are permissible, but acquisition-driven leverage often pushes debt above the threshold.

What You Should Know

Tempur Sealy International, now reporting as Somnigroup International, designs, manufactures and distributes mattresses, pillows and bedding under brands including Tempur-Pedic and Sealy. Its March 31, 2026 Form 10-Q reports assets of $11,539.6 million, interest-bearing debt of $4,548.5 million, cash of $110.8 million, receivables of $339.1 million and quarterly net sales of $1,801.5 million. Debt/assets is 39.42%, liquidity/assets is 0.96% and receivables-plus-cash/assets is 3.90%; the current filing-based debt screen fails. Bedding is generally permissible, while acquisition integration and financing treatment remain qualitative.

⚠️ Concerns

  • Known interest-bearing debt/assets is 39.42%, above examined 33.333% limits
  • Acquisition-driven leverage and integration can change the balance sheet
  • Gross interest-income numerator unavailable; no fixed purification percentage asserted
  • Bedding product and customer mix require qualitative review
  • Re-screen before each purchase given leverage

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.

USD · millions
Interest-bearing debt / assets
39.42%Above limit
Below 33.333% under FTSE Yasaar

4,548.5 / 11,539.6

Cash + interest-bearing securities / assets
0.96%Within limit
Below 33.333% under FTSE Yasaar

110.8 / 11,539.6

Receivables + cash / assets
3.90%Within limit
Below 50% under FTSE Yasaar

449.9 / 11,539.6

FTSE Yasaar
v4.6, February 2026
Financial
Fails
Overall
Fails

Debt/assets is 39.42%, above the examined limit; liquidity/assets is 0.96% and receivables-plus-cash/assets is 3.90%, while gross interest income is unavailable.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Fails
Overall
Fails

Debt/assets is 39.42%, above the examined MSCI total-assets limit; acquisition and product classification remains incomplete.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Fails
Overall
Fails

Debt/assets is 39.42%, above the examined Malaysia limit; this is a calculation against SAC ratios, not an official classification.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Fails

A licensed historical market-cap series is not stored; the asset-based debt failure remains material.

Business-activity disclosure

Somnigroup International designs, manufactures and distributes mattresses, pillows and bedding. The core product activity is generally permissible, while acquisition integration, financing arrangements and customer/end-use allocation remain qualitative.

Limitation: The filing does not provide a universal prohibited-activity revenue numerator or a standalone gross interest-income numerator.

Purification

The filing reports interest expense but no standalone gross interest-income numerator, so no income ratio or fixed purification percentage is asserted.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Somnigroup International's March 31, 2026 Form 10-Q; the issuer formerly operated under the Tempur Sealy name and TPX ticker context.
  • Interest-bearing debt is $112.1 million current plus $4,436.4 million noncurrent; operating leases are excluded.
  • Cash and cash equivalents including discontinued operations are $110.8 million and net accounts receivable are $339.1 million.
  • First-quarter net sales are $1,801.5 million; the filing reports interest expense and no standalone gross interest-income numerator.
  • Mattress and bedding products are generally permissible, but acquisition integration, financing arrangements and end-use allocation require qualitative review.

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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