Is Lowe's Companies, Inc. (LOW) halal? Doubtful. Based on AAOIFI screening, Lowe's Companies, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 64/100 (Grade: B).
LOW β Is Lowe's Companies, Inc. Halal?
DoubtfulLowe's Companies, Inc.
$243.93
+0.65%
About Lowe's Companies, Inc.
Lowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, decor, lighting, and electrical. It also offers installation services through independent contractors in various product categories; extended protection plans; and in-warranty and out-of-warranty repair services. The company sells its national brand-name merchandise and private brand products to homeowners, renters, and professional customers. As of January 28, 2022, it operated 1,971 home improvement and hardware stores. The company also sells its products through websites comprising Lowes.com and Lowesforpros.com; and through mobile applications. Lowe's Companies, Inc. was founded in 1921 and is based in Mooresville, North Carolina.
Sector: Consumer Cyclical Β· Industry: Home Improvement
Why This Stock Is Doubtful
- Debt-to-market-cap ratio is 29.3% β approaching 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
Based on AAOIFI screening standards
Acceptable
Acceptable but room for improvement
Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Financial Ratio Screen
PassedFinancial ratios must be below AAOIFI thresholds
Purify Your LOW Dividends
0.3% non-compliant incomeLOW has 0.3% prohibited income. Calculate exactly how much of your dividends to donate.
Financial Overview
Market Cap
136.8B
Price
$243.93
Sector
Consumer Cyclical
Industry
Home Improvement
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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.