Honeywell International Inc. (HON) - Not Halal (Non-Compliant)
Honeywell International Inc. (HON) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Industrials
- Industry
- Conglomerates
- Result
- Pass
- Reason
- The sector "Industrials" and industry "Conglomerates" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 52.4% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 14.2% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 1.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.99%.Based on the company's financial statements, approximately 0.99% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.99% of total income). Some scholars may differ on the exact calculation method.
About Honeywell International Inc.
Honeywell International Inc. engages in the industrial automation, building automation, and energy and sustainability solutions businesses in the United States, Europe, and internationally. The Industrial Automation segment provides automation control and instrumentation products and services; smart energy products; sensing technologies, including custom-engineered sensors and related services; gas detection technologies and personal protective equipment; and system design automation equipment, as well as software and analytics for manufacturing, distribution, and fulfillment operations. The Building Automation segment provides software applications for building control and optimization; sensors, switches, control systems, and instruments for energy management; access control; video surveillance; fire products; and installation, maintenance, and system upgrade services. The Energy and Sustainability Solutions segment, through its UOP business, delivers licensed process technology, equipment, engineering, catalysts, adsorbents, and services for refining, petrochemicals, low-carbon energy, gas and LNG, and industrial solutions, as well as connectivity, data integration, and software solutions. The company also offers Forge Cognition, a self-contained agentic AI and simulation platform for facility operations. The company was formerly known as AlliedSignal, Inc. Honeywell International Inc. was founded in 1885 and is headquartered in Charlotte, North Carolina.
