The Short Answer
SUM is doubtful as a current investment screen because the issuer is no longer public, while the historical financial result is incomplete. Summit's building-materials activity was generally permissible and its known asset ratios were below the examined limits, but gross interest income was not separately disclosed. Quikrete acquired Summit on February 10, 2025 and SUM ceased NYSE trading.
Current quantitative Sharia screen
Based on issuer-status figures for the period ended 2025-02-10; calculated 2026-07-15.
- Financial
- Not calculated
- Overall
- Not calculated
Not calculated because SUM ceased standalone trading after the Quikrete acquisition.
- Financial
- Not calculated
- Overall
- Not calculated
No current standalone Summit Materials financial statement is available.
- Financial
- Not calculated
- Overall
- Not calculated
Not calculated for the acquired historical security.
- Financial
- Not calculated
- Overall
- Not calculated
SUM has no current public-market price or market-cap series.
Business-activity disclosure
Summit historically produced aggregates, cement, ready-mixed concrete and asphalt. Building-materials activity is generally permissible in principle, while acquisition financing and successor-company exposure remain qualitative concerns; SUM is not a current exchange-listed public security.
Limitation: No current standalone SUM balance sheet, revenue statement or public-market price exists for a reproducible quantitative screen.
Purification
No current standalone SUM issuer income is available for a purification calculation.
Inputs, assumptions and primary sources
- Quikrete completed Summit Materials' acquisition on February 10, 2025; SUM ceased NYSE trading and is not a current exchange-listed standalone security.
- Private successor-company figures are not substituted into a standalone SUM screen.
- The route and its aggregates, cement and building-materials qualitative analysis are preserved.
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.
Summit's Business
Summit produced aggregates, cement, ready-mixed concrete and asphalt and supplied construction and infrastructure markets. Those ordinary building-material activities are generally permissible, subject to a separate review of financing and any specific end use.
Historical Filing-Based Ratios
- Debt/assets: 33.31% ($2,807.475 million / $8,427.186 million) — just below the examined FTSE Yasaar threshold and close to the boundary.
- Cash/assets: 8.75% — below the examined liquidity limits.
- Receivables plus cash/assets: 15.53% — below the examined receivables limits.
- Gross interest income: Not separately disclosed in the last public filing.
These are historical calculations against named methodology thresholds. They are not official index membership, a market-cap screen or a scholar-issued fatwa.
Why the Status Is Historical
Summit's merger page states that Quikrete acquired all common stock on February 10, 2025, after which Summit became a privately held subsidiary and its common stock ceased NYSE trading. The September 28, 2024 Form 10-Q is therefore the last public filing used here; it cannot establish current tradability or successor-company ratios.
Bottom Line
The historical building-materials business was generally permissible and known asset ratios were below the examined limits, but the overall result remains incomplete because gross interest income and current issuer data are unavailable. Because SUM is no longer public, treat this as a historical, doubtful screen—not a current recommendation. Consult a qualified scholar for a personal ruling.
For current materials exposure, compare Vulcan Materials (VMC), Martin Marietta (MLM) and Eagle Materials (EXP), screening each latest filing independently.
Want to check if another stock is halal? Use our free screener.
Open Halal Checker →