The Short Answer
Hayward stock (HAYW) is generally halal at the known-financial-screen level, with a methodology-dependent status. Pool pumps, filters, heaters and automation are generally permissible. Debt remains material, and the June 2026 credit-agreement amendment should be monitored.
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-28; calculated 2026-07-15.
953.809 / 3,135.583
230.729 / 3,135.583
566.672 / 3,135.583
2.9 / 255.216
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 30.42%, liquidity/assets is 7.36%, receivables plus cash/assets is 18.07% and interest income/revenue is 1.14%; known financial ratios pass, but activity classification remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity and receivables-plus-cash ratios pass the examined total-assets limits; pool-equipment activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known debt and liquidity ratios pass the examined limits; this is not an official SAC classification and activity evidence remains incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored and qualitative activity treatment remains incomplete.
Business-activity disclosure
Hayward makes pumps, filters, heaters, automation and other pool and outdoor-living equipment. Manufacturing this equipment is generally permissible, while pool-service end uses and financing arrangements remain qualitative.
Limitation: The filing does not quantify a universal prohibited-activity numerator for customers, pool-service applications or all financing-related income.
Purification
Hayward discloses $2.9 million of interest income, or 1.14% of quarterly net sales, but no scholar-approved fixed purification percentage is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions from Hayward Holdings' March 28, 2026 Form 10-Q.
- Debt combines $11.053 million of current debt and $942.756 million of long-term debt; operating leases are excluded.
- Cash and cash equivalents are $135.794 million and short-term investments are $94.935 million.
- Accounts receivable, net are $430.878 million and quarterly net sales are $255.216 million.
- The filing states that $2.9 million of interest income on cash deposits was included in net interest expense.
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.
What Hayward Does
Hayward makes pumps, filters, heaters, automation and other pool and outdoor-living equipment for residential and commercial customers. Manufacturing this equipment is generally permissible, while seasonal pool-service end uses remain qualitative.
Current Quantitative Screen
The March 28, 2026 Form 10-Q reports $3,135.583 million of assets, $953.809 million of tracked interest-bearing debt, $135.794 million of cash, $94.935 million of short-term investments and $430.878 million of receivables.
- Debt/assets: 30.42% — below but close to the examined limits.
- Liquidity/assets: 7.36% including short-term investments.
- Receivables plus cash/assets: 18.07% — below the examined limits.
- Interest income/revenue: 1.14% from $2.9 million of disclosed interest income.
Known financial ratios pass the tracked asset-based methods; this is not an official certification.
Purification and Qualitative Review
The interest-income ratio is below the examined FTSE limit, but no fixed purification percentage is inferred. Re-screen after the June 2026 credit amendment or a newer filing.
Bottom Line
HAYW is generally halal at the known-screen level, with a methodology-dependent status. Leverage is close enough to the boundary that periodic review is important.