What is Badger Meter, Inc.'s Shariah compliance score?

Badger Meter, Inc. (BMI) has a Shariah compliance score of 93/100 (Grade: A+, Excellent) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Badger Meter, Inc. pass AAOIFI screening?

Badger Meter, Inc. (BMI) passes AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (BMI: 0.0%), (3) interest-bearing deposits below 30% (BMI: 5.4%), and (4) prohibited income below 5% (BMI: 0.6%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Badger Meter, Inc. stock?

Badger Meter, Inc. (BMI) has a non-permissible income ratio of 0.58%. Muslim investors should purify this percentage of any dividends received and capital gains realized from BMI shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Badger Meter, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Badger Meter, Inc. (BMI) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about BMI's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

BMI: Is Badger Meter, Inc. Halal?

Badger Meter, Inc.

NYSEIndustrialsUS

$144.18

+1.92%

Market Cap: 4.2B

Compliance Status

Halal

Screened on Jul 16, 2026 · AAOIFI Standard 21

A+

Excellent

93Score

Is Badger Meter, Inc. (BMI) halal? Halal. Based on AAOIFI screening, Badger Meter, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 93/100 (Grade: A+).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

0.0% of 30.0% limit

What this means for you

You can own BMI

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purify 0.6% of your income from BMI

That is about $0.60 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About Badger Meter, Inc.

Badger Meter, Inc. (BMI) provides a comprehensive range of solutions for flow measurement, quality assessment, control, and communication. Operating globally, the company serves markets across North America, Europe, Asia, and the Middle East. For municipal water utilities, BMI supplies both conventional and advanced water meters, complemented by associated radio, software, and service technologies. Additionally, Badger Meter engineers and produces a variety of flow instrumentation devices, including meters, valves, and sensing tools. These instruments are vital for measuring and controlling the flow of various substances—from water, air, and steam to oil and other liquids and gases—within industrial piping and pipelines. They are incorporated by original equipment manufacturers (OEMs) as primary measurement components within their products or systems and distributed through manufacturer representatives. Key applications for this instrumentation span water/wastewater treatment, heating, ventilation, and air conditioning (HVAC) systems, and corporate sustainability efforts. The company further innovates with its ORION suite of automatic meter reading (AMR) technologies, encompassing ORION Migratable, ORION (SE) for traditional fixed networks, and ORION Cellular for infrastructure-free fixed network solutions. Its BEACON advanced metering analytics platform, a secure cloud-hosted software, empowers users with alerts for specified conditions and consumer engagement tools to visualize and manage water usage. Serving a broad customer base, including water utilities, industrial clients, and other sectors, Badger Meter sells its offerings directly and through a network of resellers and representatives. Founded in 1905, Badger Meter, Inc. is headquartered in Milwaukee, Wisconsin.

Sector: Industrials · Industry: Industrial - Machinery

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 16, 2026

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.

Fiscal: Q1 2026Data source: EDGAR

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Frequently Asked Questions

Is Badger Meter, Inc. (BMI) halal to invest in?

Based on AAOIFI Standard 21 screening, Badger Meter, Inc. (BMI) 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 Badger Meter, Inc. get a A+ compliance rating?

Badger Meter, Inc. (BMI) received a grade of A+ (Excellent) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.0% (limit 30%); interest-bearing deposits of 5.4% (limit 30%); prohibited income of 0.58% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Badger Meter, Inc.'s Shariah verdict?

Badger Meter, 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 Badger Meter, Inc. re-screened for Shariah compliance?

Badger Meter, Inc. (BMI) 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: Jul 16, 2026.

Screened according to AAOIFI Standard No. 21 · 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.