Hawkins, Inc. (HWKN) - Halal (Shariah-Compliant)
Hawkins, Inc. (HWKN) is classified as Halal (Shariah-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
- Basic Materials
- Industry
- Specialty Chemicals
- Result
- Pass
- Reason
- The sector "Basic Materials" and industry "Specialty Chemicals" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 8.1% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 0.2% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 1.2% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 1.24%.Based on the company's financial statements, approximately 1.24% of dividend income comes from non-permissible sources; this is the share many investors donate to purify it. This is derived from identified interest income (1.24% of total income). Some scholars may differ on the exact calculation method.
About Hawkins, Inc.
Hawkins, Inc. operates as a water treatment and specialty ingredients company in the United States. The company operates through three segments: Water Treatment, Food and Health Sciences, and Industrial Solutions. The Water Treatment segment provides chemicals, filtration media and systems, equipment, services and solutions for potable water, municipal and industrial wastewater, industrial process water, non-residential swimming pool water, and agricultural water. This segment also sells and services equipment, including tanks, valves, and pumps. The Food and Health Sciences segment provide ingredient distribution, processing, and formulation solutions, such as base chemistry, acid-based reactions, minerals, vitamins and amino acids, excipients, botanicals and herbs, sweeteners and enzymes, fertilizers, and food-grade and pharmaceutical salts and ingredients to nutrition, food, pharmaceutical, and agricultural markets. The Industrial Solutions segment offers industrial chemicals, products, and services such as acids and alkalis, liquid caustic soda, sulfuric acid, hydrochloric acid, urea, phosphoric acid, aqua ammonia, and potassium hydroxide to industrial manufacturing, chemical processing, electronics, energy, plating, and surface finishing industries. It also repackages water treatment chemicals and bulk industrial chemicals; and performs custom blending of chemicals. Hawkins, Inc. was founded in 1938 and is headquartered in Roseville, Minnesota.
