Is Illinois Tool Works (ITW) halal?
Illinois Tool Works is compliant under Sanad's AAOIFI Standard 21 screen: interest-bearing debt is 12.7% of market capitalisation (limit 30%), and non-permissible (interest) income is 0.2% of revenue (limit 5%).
The AAOIFI financial screen
| Test | Result | Limit | Status |
|---|---|---|---|
| Interest-bearing debt ÷ market capitalisation | 12.7% | < 30% | Within limit |
| Non-permissible income ÷ revenue | 0.2% | < 5% | Within limit |
Purification
Even a compliant company earns a little interest. About 0.2% of Illinois Tool Works's revenue is non-permissible income, so a shareholder who receives dividends would normally donate about 0.2% of each dividend. Open the full analysis for the amount per share.
About Illinois Tool Works
Illinois Tool Works Inc. is a diversified industrial manufacturing company that develops specialized equipment, consumables, and related service solutions for a wide range of end markets. The company operates through seven segments: Automotive OEM, Food Equipment, Test and Measurement and Electronics, Welding, Polymers and Fluids, Construction Products, and Specialty Products. Its offerings span components and fasteners for vehicles, commercial kitchen equipment, testing…
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Frequently asked questions
Is Illinois Tool Works (ITW) halal?
Illinois Tool Works is compliant under Sanad's AAOIFI Standard 21 screen: interest-bearing debt is 12.7% of market capitalisation (limit 30%), and non-permissible (interest) income is 0.2% of revenue (limit 5%).
What makes a stock halal or haram?
Under AAOIFI Standard 21 a company must first have a permissible core business (no conventional banking or insurance, alcohol, tobacco, gambling or similar). Then interest-bearing debt must be under 30% of its market value and interest income under 5% of its revenue.
How much of Illinois Tool Works's dividends should be purified?
About 0.2% of each dividend, the share of the company's income that is not permissible. Donate that amount rather than keeping it.
How often is this updated?
Prices refresh daily and the ratios update when the company files new financial statements, usually every quarter. This page's data was last updated 2026-09-16.