Is Hyster-Yale Materials Handling, Inc. (HY) halal? Not Halal. Based on AAOIFI screening, Hyster-Yale Materials Handling, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Hyster-Yale Materials Handling, Inc.

HY: Is Hyster-Yale Materials Handling, Inc. Halal?

Not Halal

Hyster-Yale Materials Handling, Inc.

NYSEIndustrialsUS

$36.33

+4.49%

About Hyster-Yale Materials Handling, Inc.

Hyster-Yale Materials Handling, Inc., through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. The company markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships. It also sells aftermarket parts under the Hyster and Yale, as well as UNISOURCE and PREMIER brands to Hyster and Yale dealers for the service of competitor lift trucks. In addition, the company produces and distributes attachments, forks, and lift tables under the Bolzoni, Auramo, and Meyer brand names; and designs and produces products in the port equipment and rough terrain forklift markets. Further, it designs, manufactures, and sells hydrogen fuel-cell stacks and engines. The company serves light and heavy manufacturers, trucking and automotive companies, rental companies, building materials and paper suppliers, lumber, metal products, warehouses, retailers, food distributors, container handling companies, and U.S. and non-U.S. governmental agencies. Hyster-Yale Materials Handling, Inc. was incorporated in 1991 and is headquartered in Cleveland, Ohio.

Sector: Industrials 路 Industry: Agricultural - Machinery

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026
F

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap55.5% / 30.0%

Compliance History

Not Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

Tracked since Jun 2026. Updates automatically on each re-screen.

Screened: Jun 18, 2026Fiscal: FY 2025Source: FMP

Financial Overview

Market Cap

644.4M

Price

$36.33

Sector

Industrials

Industry

Agricultural - Machinery

Halal Alternatives in Industrials

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Saia, Inc.
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Aduro Clean Technologies Inc.
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Aduro Clean Technologies Inc.

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-1.56%

Phoenix Asia Holdings Limited Ordinary Shares
PHOEA+

Phoenix Asia Holdings Limited Ordinary Shares

$15.76

-9.62%

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Frequently Asked Questions

Is Hyster-Yale Materials Handling, Inc. (HY) halal to invest in?
Hyster-Yale Materials Handling, Inc. (HY) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Hyster-Yale Materials Handling, Inc. get a F compliance rating?
Hyster-Yale Materials Handling, Inc. (HY) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 55.5% (limit 30%); interest-bearing deposits of 17.8% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Hyster-Yale Materials Handling, Inc.'s Shariah verdict?
Hyster-Yale Materials Handling, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Hyster-Yale Materials Handling, Inc. re-screened for Shariah compliance?
Hyster-Yale Materials Handling, Inc. (HY) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 18, 2026.

Screened according to AAOIFI Standard No. 21 路 For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.