XYL
Xylem Inc.
Is XYL Halal?
Water infrastructure, treatment, metering and analytics are generally permissible, and the current asset-based financial ratios pass; income and downstream allocation remain incomplete.
What You Should Know
Xylem's March 31, 2026 Form 10-Q reports $16,954 million of total assets, $1,938 million of interest-bearing debt, $808 million of cash, $1,796 million of net receivables and $2,125 million of quarterly revenue. ZakatInvest's current calculations are debt/assets 11.43%, liquidity 4.77% and receivables plus cash/assets 15.36%; the examined FTSE Yasaar, MSCI total-assets and Malaysia SAC financial ratios pass. The filing reports net interest expense and interest income from cross-currency swaps but does not provide a standalone interest-income numerator, and it does not allocate prohibited revenue by every customer or end use. This is a current ZakatInvest calculation, not an index-membership claim.
⚠️ Concerns
- •Debt/assets of 11.43%, liquidity of 4.77% and receivables plus cash/assets of 15.36% pass the examined asset-based limits, but buybacks, acquisitions and foreign exchange can change the ratios
- •Xylem serves municipal, industrial, energy, agricultural, commercial and residential customers with mixed downstream uses
- •Water Solutions and Services includes treatment systems, services, rentals and capital projects; methodology-specific look-through review remains appropriate
- •Cross-currency swaps generate interest effects that reduce net interest expense; no standalone interest-income amount or fixed purification percentage is asserted
- •The proposed approximately $219 million optical sensing acquisition will change the Measurement and Control Solutions perimeter after closing
- •Market-cap denominator methods are not calculated without a licensed historical market-cap series
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
1,938 / 16,954
808 / 16,954
2,604 / 16,954
- Financial
- Incomplete
- Overall
- Incomplete
Debt is 11.43%, liquidity is 4.77% and receivables plus cash/assets is 15.36%; the entered balance-sheet ratios pass, but a standalone interest-income numerator is unavailable for the complete FTSE financial result.
- Financial
- Pass
- Overall
- Incomplete
Debt, liquidity and receivables plus cash pass the examined MSCI total-assets checks. This is a calculation against the named method, not an index-membership claim; income and end-use allocation remain incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt is 11.43%, liquidity is 4.77% and receivables plus cash/assets is 15.36%; the entered ratios pass. This is a calculation against SAC ratios, not an official classification of a U.S.-listed security.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible historical market-cap series is not stored, so these methods are not estimated from a current spot price.
Business-activity disclosure
Xylem provides pumps, treatment systems, smart meters, analytics, services and other equipment for the full water cycle across Water Infrastructure, Applied Water, Measurement and Control Solutions, and Water Solutions and Services. Water and wastewater infrastructure is generally permissible at the activity level.
Limitation: The filing does not provide a scholar-specific prohibited-revenue numerator for every industrial, energy, agricultural, municipal or customer end use, and it does not isolate a standalone interest-income amount.
Purification
The filing does not separately disclose a universal interest-income or prohibited-revenue numerator. No fixed purification percentage is prescribed.
Inputs, assumptions and primary sources
- Inputs use Xylem's March 31, 2026 Form 10-Q; amounts are USD millions.
- Interest-bearing debt is $1,938 million: $531 million of short-term borrowings and current maturities plus $1,407 million of long-term debt.
- Cash and cash equivalents are $808 million. The filing does not separately report an interest-bearing securities portfolio, so no additional balance is entered.
- Receivables use the reported net balance of $1,796 million.
- Total quarterly revenue is $2,125 million, including $2,059 million of customer-contract revenue and $66 million of lease revenue. The filing reports net interest expense and interest income from cross-currency swaps but does not provide a standalone interest-income 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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