HCMLYDoubtfulB
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Holcim Ltd

HCMLY: Is Holcim Ltd Halal?

Holcim Ltd

OTCBasic MaterialsCH

$16.60

-1.07%

Market Cap: 45.9B

Screened on a market cap of 37.7B

Compliance Status

Doubtful

Screened on Sep 16, 2026 · AAOIFI Standard 21

B

Acceptable

64Score

Is Holcim Ltd (HCMLY) halal? Doubtful. Based on AAOIFI screening, Holcim Ltd passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 64/100 (Grade: B).

Quote this verdict

HalalScreener rates Holcim Ltd (HCMLY) Doubtful, 64/100, grade B under AAOIFI Standard 21, screened Sep 16, 2026. Source: https://halalscreener.app/en/stock/HCMLY

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

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

25.3% of 30.0% limit
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The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

Screened according to AAOIFI Standard 21

What this means for you

You may own HCMLY, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purification amount is Pro

We have screened HCMLY's prohibited income, but the exact share you would need to purify is part of Pro.

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About Holcim Ltd

Holcim Ltd, a venerable company founded in 1833 and headquartered in Zug, Switzerland, functions as a global provider of construction materials and innovative solutions. Its expansive operations span across major regions, including Asia Pacific, Europe, Latin America, the Middle East, Africa, and North America. The company structures its business into four primary divisions: Cement, Aggregates, Ready-mix Concrete, and Solutions & Products. Its product portfolio encompasses fundamental construction components like cement, specialized hydraulic binders, clinker, and various other cementitious substances. Holcim also supplies aggregates, including crushed stone, gravel, and sand, alongside ready-mix concrete, precast concrete elements, asphalt, and diverse mortars. Additionally, the company extends its offerings to include contracting services, retail operations, and comprehensive waste management solutions. These materials and services are integral to a wide spectrum of construction endeavors, spanning: Infrastructure projects: such as roads, mining facilities, ports, dams, data centers, sports arenas, renewable energy sites like wind farms, and electric power plants. Building projects: encompassing residential developments (individual and collective), corporate offices, industrial and commercial facilities, and public sector structures. Affordable housing initiatives. Formerly known as LafargeHolcim Ltd, the company adopted its current name, Holcim Ltd, in May 2021.

Sector: Basic Materials · Industry: Construction Materials

Why This Stock Is Doubtful

  • Interest-bearing debt is 25.3% of market cap, only 4.7 points below 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

AAOIFI Standard 21Updated Sep 16, 2026

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PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

Screened according to AAOIFI Standard 21

Compliance History

  1. Doubtfulnow

    since Sep 2026

  2. Halal

    until the change above

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

Fiscal: FY 2025Data source: FMP-ADR
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Frequently Asked Questions

Is Holcim Ltd (HCMLY) halal to invest in?
Holcim Ltd (HCMLY) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.
Why did Holcim Ltd get a B compliance rating?
Holcim Ltd (HCMLY) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 25.3% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Holcim Ltd's Shariah verdict?
Holcim Ltd'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 Holcim Ltd re-screened for Shariah compliance?
Holcim Ltd (HCMLY) 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: Sep 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.