UFPI

UFP Industries, Inc.

HALAL — METHODS DIFFERstock

Is UFPI Halal?

Wood and building-products maker with a generally permissible business; known financial results vary by methodology.

What You Should Know

UFP Industries, Inc. manufactures treated wood, composite and building products for retail, packaging and construction markets. Its March 28, 2026 Form 10-Q reports assets of $4,031.814 million, interest-bearing debt of $234.337 million, cash of $714.453 million, identified fixed-income funds and treasury securities of $55.530 million, and accounts receivable of $647.770 million. Debt/assets is 5.81%, liquidity/assets is 19.10%, receivables-plus-cash/assets is 33.79% and disclosed interest income is 0.37% of quarterly revenue. FTSE Yasaar and Malaysia known ratios pass, while the examined MSCI receivables-plus-cash proxy is just above 33.33%; the stored result is methodology-dependent and activity remains incomplete.

⚠️ Concerns

  • Receivables-plus-cash/assets is 33.79%, just above the examined MSCI 33.33% limit
  • Fixed-income funds and treasury securities are treated conservatively as interest-bearing securities
  • Disclosed interest income is 0.37% of quarterly revenue; no fixed purification percentage is inferred
  • Retail, packaging and construction end uses remain qualitatively mixed
  • Re-screen after the next filing or a methodology update

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-28; calculated 2026-07-15.

USD · millions
Interest-bearing debt / assets
5.81%Within limit
Below 33.333% under FTSE Yasaar

234.337 / 4,031.814

Cash + interest-bearing securities / assets
19.10%Within limit
Below 33.333% under FTSE Yasaar

769.983 / 4,031.814

Receivables + cash / assets
33.79%Within limit
Below 50% under FTSE Yasaar

1,362.223 / 4,031.814

Non-compliant income / revenue
0.37%Within limit
No more than 5% under FTSE Yasaar

5.433 / 1,461.267

FTSE Yasaar
v4.6, February 2026
Financial
Pass
Overall
Incomplete

Debt/assets is 5.81%, liquidity is 19.10%, receivables plus cash is 33.79% and disclosed income/revenue is 0.37%, within examined FTSE limits; activity remains incomplete.

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

Receivables plus cash is 33.79%, slightly above the examined 33.33% total-assets limit; debt and liquidity are below their limits.

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

Debt/assets is 5.81% and liquidity is 19.10%, below the examined 33% limits; activity remains incomplete and this is not an official classification.

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

A licensed historical market-cap series is not stored and activity classification remains incomplete.

Business-activity disclosure

UFP Industries manufactures wood, composite and other products for construction, packaging and retail markets. These are generally permissible industrial activities, subject to customer and product mix review.

Limitation: The filing does not provide a universal prohibited-revenue numerator for customer end uses or a scholar-specific activity classification.

Purification

The filing discloses $5.433 million of interest income (0.37% of quarterly revenue), but no scholar-approved fixed purification percentage is inferred.

Inputs, assumptions and primary sources
  • Amounts are USD millions converted from UFP Industries' thousands-of-dollars presentation for March 28, 2026.
  • Debt includes $6.027 million current and $228.310 million long-term debt/finance-lease obligations; operating leases are excluded.
  • Cash is $714.453 million. Identified fixed-income funds ($55.184 million) and treasury securities ($0.346 million) are included conservatively as interest-bearing securities.
  • Accounts receivable is $647.770 million, quarterly revenue is $1,461.267 million and disclosed interest income is $5.433 million.
  • The 33.79% receivables-plus-cash ratio sits just above the examined MSCI 33.33% total-assets threshold; methodologies differ.

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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