The Short Answer
Arcosa stock (ACA) can be considered halal on the known financial screens, but the result is not fully classified in the current filing-based analysis. Producing infrastructure products is generally permissible, known asset ratios pass, and business allocation remains qualitative.
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
1,521.1 / 5,002.3
153.2 / 5,002.3
567.1 / 5,002.3
1.6 / 571.7
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 30.41%, liquidity/assets is 3.06%, receivables-plus-cash/assets is 11.34% and disclosed income is 0.28%; known ratios pass the examined FTSE limits, but business disclosure remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets, liquidity/assets and receivables-plus-cash/assets are below the examined MSCI limits; business disclosure remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 30.41% and liquidity/assets is 3.06%, below the examined Malaysia limits; this is not an official classification and business disclosure remains incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored; the known asset-based ratios pass and the business screen remains incomplete.
Business-activity disclosure
Arcosa produces aggregates and specialty construction materials and manufactures engineered utility, traffic, wind and telecommunications structures. These activities are generally permissible, while infrastructure end use, held-for-sale operations and acquisition exposure require qualitative review.
Limitation: The filing does not allocate revenue by downstream end use or provide a universal prohibited-revenue numerator.
Purification
Interest income of $1.6 million (0.28% of quarterly revenue) is disclosed for transparency; no scholar-approved purification percentage is asserted.
Inputs, assumptions and primary sources
- Amounts are USD millions from Arcosa's March 31, 2026 Form 10-Q.
- Debt combines current portion of long-term debt of $8.0 million and debt of $1,513.1 million, before subtracting debt issuance costs.
- Cash and cash equivalents are $153.2 million; no separate interest-bearing securities balance is identified.
- Receivables, net of allowance, are $413.9 million.
- Interest income is $1.6 million on quarterly revenue of $571.7 million; this is disclosed for transparency and is not a scholar-approved purification percentage.
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.
The current screen shows debt/assets of 30.41%, liquidity/assets of 3.06%, receivables-plus-cash/assets of 11.34%, and disclosed interest income of 0.28% of quarterly revenue. The result is still incomplete because no market-cap series or universal prohibited-revenue allocation is stored.
Sharia Screening Methodology
Islamic scholars use several criteria to screen stocks:
- Business activity screen: Is the company's primary business halal?
- Debt ratio: Total debt / market cap must be under 33%
- Interest income: Interest income / total revenue must be under 5%
- Haram revenue: Revenue from haram sources must be under 5%
- Receivables ratio: Total receivables / total assets must be under 49–70% (varies by board)
Arcosa's Business Activity
Arcosa, Inc. produces infrastructure-related products across North America. Its activity is:
- Construction products: Aggregates, specialty materials, and trench shoring
- Engineered structures: Utility, wind-tower, and traffic structures
- Transportation products: Inland barges and steel components
Producing infrastructure products is a clearly permissible activity with no haram revenue line of its own.
Why ACA Is Halal
1. Permissible Core Business
Making infrastructure products is a halal manufacturing business. There is no gambling, conventional banking, alcohol, or other prohibited line at the heart of the business.
2. Debt Ratio Is the Main Screen
Arcosa carries acquisition-related debt, so total debt / market cap is the main screen. Confirm it sits under the 33% threshold on the latest filings before investing — it has generally screened within range.
3. Interest on Cash to Purify
Incidental interest income on cash should be checked against the 5% threshold and the corresponding small portion of returns purified. As a materials and products maker, Arcosa's results are cyclical with construction and infrastructure demand.
Current Filing-Based Quantitative Screen
Arcosa's March 31, 2026 Form 10-Q reports the following transparent total-assets proxies:
- Debt / assets: 30.41% — below the examined 33.333% limits ✅
- Liquidity / assets: 3.06% — below the examined limits ✅
- Receivables + cash / assets: 11.34% — below the examined limits ✅
- Disclosed interest income / revenue: 0.28% — below the examined 5% FTSE activity limit ✅
- Business activity: Infrastructure products are generally permissible; end use remains qualitative ⚠️
Methodology Interpretation
The stored record applies transparent total-assets proxies for FTSE Yasaar, MSCI Islamic and Malaysia SAC-style tests. All known financial ratios pass, but business disclosure remains incomplete and no market-cap denominator is calculated. No third-party app classification is asserted.
- FTSE Yasaar-style asset tests: known ratios pass; income is disclosed
- MSCI Islamic-style asset tests: known asset ratios pass
- Malaysia SAC-style ratios: known ratios pass; not an official classification
- Market-cap denominator: not calculated from a reproducible licensed series
Bottom Line
Arcosa (ACA) has a financially passing but incomplete result in the current filing-based analysis. The infrastructure-products business is generally permissible and known ratios pass, but business allocation, market-cap denominator and scholar-approved purification treatment remain unresolved. Re-screen periodically and consult a qualified scholar.
For Muslim investors seeking infrastructure exposure, compare ACA with peers like MasTec (MTZ), Construction Partners (ROAD), and Knife River (KNF).
Want to check if another stock is halal? Use our free screener.
Open Halal Checker →