VMI
Valmont Industries, Inc.
Is VMI Halal?
Infrastructure and agriculture products maker with known financial ratios passing; activity classification remains incomplete.
What You Should Know
Valmont Industries, Inc. manufactures engineered infrastructure products and mechanized irrigation equipment for agriculture. Its March 28, 2026 Form 10-Q reports assets of $3,435.165 million, interest-bearing debt of $790.292 million, cash of $160.189 million and receivables of $652.749 million. Debt/assets is 23.01%, liquidity/assets is 4.66% and receivables-plus-cash/assets is 23.67%; disclosed interest income is 0.13% of thirteen-week sales. The known financial ratios pass the examined FTSE Yasaar, MSCI and Malaysia proxies, but infrastructure, agriculture and customer end-use classification remains incomplete.
⚠️ Concerns
- •Known debt, liquidity, receivables and disclosed-income ratios pass the examined limits
- •Infrastructure products serve public and private projects with varied end uses
- •Agricultural equipment and irrigation exposure requires ongoing product review
- •Disclosed interest income is 0.13% of quarterly sales; no fixed purification percentage is inferred
- •Re-screen after the next filing or a material acquisition or impairment
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-28; calculated 2026-07-15.
790.292 / 3,435.165
160.189 / 3,435.165
812.938 / 3,435.165
1.377 / 1,029.197
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 23.01%, liquidity is 4.66%, receivables plus cash is 23.67% and disclosed income/revenue is 0.13%, within examined limits; activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 23.01%, liquidity is 4.66% and receivables plus cash is 23.67%, below examined MSCI total-assets limits; activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 23.01% and liquidity is 4.66%, below the examined 33% limits; activity remains incomplete and this is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored and activity classification remains incomplete.
Business-activity disclosure
Valmont manufactures engineered products and services for infrastructure, agriculture and related industrial markets. These are generally permissible industrial activities, while government, construction and customer end uses require review.
Limitation: The filing does not provide a reproducible prohibited-revenue numerator across infrastructure, agriculture, transportation or customer end uses.
Purification
The filing discloses $1.377 million of interest income (0.13% of quarterly sales), but no scholar-approved fixed purification percentage is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions converted from Valmont's thousands-of-dollars presentation for March 28, 2026.
- Debt is $790.292 million of long-term debt; current installments were nil at March 28, 2026 and operating leases are excluded.
- Cash is $160.189 million. Deferred-compensation investments of $27.238 million are linked to a corresponding liability and are not added as corporate interest-bearing securities.
- Receivables are $652.749 million and thirteen-week net sales are $1,029.197 million; disclosed interest income is $1.377 million.
- The quantitative result is a filing-based proxy, not an index membership or scholar-issued fatwa.
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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