URI

United Rentals, Inc.

DOUBTFUL — SCREEN DOES NOT PASSstock

Is URI Halal?

Equipment rental is generally permissible, but debt/assets exceeds the examined asset-based limit.

What You Should Know

United Rentals' March 31, 2026 Form 10-Q reports 46.46% interest-bearing debt/assets, 0.52% cash/assets and 9.09% receivables-plus-cash/assets. Rental activity is generally permissible in form, but finance leases, securitization and customer end uses require further qualitative review.

⚠️ Concerns

  • Debt/assets is 46.46%, above the examined 33.333% limit
  • Finance leases and receivables securitization require contract-level review
  • Interest income is unavailable
  • Customer end uses span construction, energy and industrial markets

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
46.46%Above limit
Below 33.333% under FTSE Yasaar

13,886 / 29,888

Cash + interest-bearing securities / assets
0.52%Within limit
Below 33.333% under FTSE Yasaar

156 / 29,888

Receivables + cash / assets
9.09%Within limit
Below 50% under FTSE Yasaar

2,717 / 29,888

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

Debt/assets is 46.46%, above the examined 33.333% limit; cash/assets is 0.52% and receivables plus cash/assets is 9.09%.

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

Debt/assets is above the examined total-assets limit; this is not an index-membership claim.

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

Debt/assets is above the examined Malaysia SAC financial limit; this is not an official classification.

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

Market-cap methods are not calculated; the examined asset-based debt failure remains.

Business-activity disclosure

United Rentals primarily rents construction, industrial and specialty equipment and sells related equipment and supplies. Equipment rental is generally permissible in form, while finance leases and customer end uses are not quantified into a school-specific prohibited-revenue numerator.

Limitation: The filing does not provide a reproducible market-cap history or standalone interest-income numerator.

Purification

The asset-based debt screen fails and interest income is not separately disclosed; no fixed purification percentage is prescribed.

Inputs, assumptions and primary sources
  • Amounts are USD millions from United Rentals' March 31, 2026 Form 10-Q.
  • Total debt is 13,886 including finance leases; short-term debt and current maturities are 1,623 and long-term debt is 12,263.
  • Cash is 156 and accounts receivable are 2,561; the filing reports an allowance for credit losses of 180.
  • Quarterly total revenues are 3,985.
  • The filing does not provide a standalone interest-income or prohibited-revenue numerator.

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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