Is Lincoln Electric Holdings, Inc. (LECO) halal? Halal. Based on AAOIFI screening, Lincoln Electric Holdings, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 91/100 (Grade: A+).

Lincoln Electric Holdings, Inc.

LECO: Is Lincoln Electric Holdings, Inc. Halal?

Halal

Lincoln Electric Holdings, Inc.

NASDAQIndustrialsUS

$273.54

+2.12%

Purify ~0.2% of income

About Lincoln Electric Holdings, Inc.

Lincoln Electric Holdings, Inc., an enterprise established in Cleveland, Ohio, in 1895, operates globally, focusing on the innovation, production, and sale of equipment and materials for welding, cutting, and brazing applications. The company is organized into three distinct divisions: Americas Welding, International Welding, and The Harris Products Group. Its extensive product portfolio encompasses a broad spectrum of welding machinery, including arc welding power sources, plasma cutters, wire feeding systems, automated robotic welding setups, comprehensive automation solutions, and fume extraction devices. Additionally, Lincoln Electric provides a variety of consumables such as electrodes, fluxes, various welding accessories, and specialized welding and fabrication materials. Beyond welding, the firm manufactures computer-controlled plasma and oxy-fuel cutting systems, along with regulators and torches essential for oxy-fuel welding, cutting, and brazing. It also supplies consumable alloys for the brazing and soldering markets. The company maintains a retail presence within the United States. Furthermore, it fabricates copper and aluminum headers, distributor assemblies, and manifolds specifically for the heating, ventilation, and air conditioning (HVAC) sector in both the U.S. and Mexico. Lincoln Electric serves a wide array of sectors, including general fabrication, energy and process, automotive and transportation, construction and infrastructure, heavy fabrication, shipbuilding, and maintenance and repair. Its offerings are distributed to end-users via direct sales, industrial distributors, retail channels, and independent agents.

Sector: Industrials 路 Industry: Manufacturing - Tools & Accessories

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 17, 2026
A+

Excellent

Exceptionally strong compliance

91Score

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 Cap7.7% / 30.0%

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Screened: Jun 17, 2026Fiscal: Q1 2026Source: FMP

Purify Your LECO Dividends

0.2% non-compliant income

LECO has 0.2% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

15.0B

Price

$273.54

Sector

Industrials

Industry

Manufacturing - Tools & Accessories

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Frequently Asked Questions

Is Lincoln Electric Holdings, Inc. (LECO) halal to invest in?
Based on AAOIFI Standard 21 screening, Lincoln Electric Holdings, Inc. (LECO) is rated Halal with a compliance grade of A+ (Excellent). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did Lincoln Electric Holdings, Inc. get a A+ compliance rating?
Lincoln Electric Holdings, Inc. (LECO) received a grade of A+ (Excellent) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 7.7% (limit 30%); interest-bearing deposits of 2.1% (limit 30%); prohibited income of 0.22% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Lincoln Electric Holdings, Inc.'s Shariah verdict?
Lincoln Electric Holdings, 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 Lincoln Electric Holdings, Inc. re-screened for Shariah compliance?
Lincoln Electric Holdings, Inc. (LECO) 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 17, 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.