Is International Paper Company (IP) halal? Doubtful. Based on AAOIFI screening, International Paper Company passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 66/100 (Grade: B).

International Paper Company

IP: Is International Paper Company Halal?

Doubtful

International Paper Company

NYSEConsumer CyclicalUS

$32.42

+1.05%

Purify ~1% of income

Why This Stock Is Doubtful

  • Debt is 29.0% of market cap, only 1.0 points below the 30% AAOIFI limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 12, 2026
B

Acceptable

Acceptable but room for improvement

66Score

Business Activity Screen

Passed

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

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap29.0% / 30.0%

Compliance History

  1. Doubtfulnow

    since Jun 2026

  2. Halal

    until the change above

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

Screened: Jun 12, 2026Fiscal: Q1 2026Source: EDGAR

Purify Your IP Dividends

1.0% non-compliant income

IP has 1.0% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

17.2B

Price

$32.42

Sector

Consumer Cyclical

Industry

Packaging & Containers

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Frequently Asked Questions

Is International Paper Company (IP) halal to invest in?
International Paper Company (IP) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.
Why did International Paper Company get a B compliance rating?
International Paper Company (IP) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 29.0% (limit 30%); interest-bearing deposits of 6.2% (limit 30%); prohibited income of 0.97% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change International Paper Company's Shariah verdict?
International Paper Company'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 International Paper Company re-screened for Shariah compliance?
International Paper Company (IP) 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 12, 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.