James Hardie Industries plc

JHX: Is James Hardie Industries plc Halal?

James Hardie Industries plc

NYSEBasic MaterialsIE

$30.43

-1.97%

Market Cap: 17.7B

Compliance Status

Doubtful

Screened on Sep 2, 2026 · AAOIFI Standard 21

B+

Good

77Score

Is James Hardie Industries plc (JHX) halal? Doubtful. Based on AAOIFI screening, James Hardie Industries plc passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 77/100 (Grade: B+).

Quote this verdict

HalalScreener rates James Hardie Industries plc (JHX) Doubtful, 77/100, grade B+ under AAOIFI Standard 21, screened Sep 2, 2026. Source: https://halalscreener.app/en/stock/JHX

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%.

25.8% of 30.0% limit

What this means for you

You may own JHX, 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 JHX's prohibited income, but the exact share you would need to purify is part of Pro.

About James Hardie Industries plc

James Hardie Industries plc (JHX) operates as a prominent global producer and supplier of construction materials, focusing on fiber cement, fiber gypsum, and cement-bonded solutions. These products are utilized for both internal and external building applications across key markets including the United States, Australia, Europe, New Zealand, the Philippines, and Canada. The company's activities are organized into three primary business segments: North America Fiber Cement, Asia Pacific Fiber Cement, and Europe Building Products. Its extensive portfolio of fiber cement offerings encompasses interior wall linings, exterior cladding systems, and associated complementary items. James Hardie also provides various fiber cement components suitable for a broad spectrum of uses, such as external panels, internal partitions, flooring, ceilings, eaves, decorative trim, fencing, and architectural facades. Additionally, the firm delivers fiber gypsum and cement-bonded boards tailored for specific purposes, including structural fire protection, dry lining installations, timber frame construction, and do-it-yourself projects. These versatile materials are widely adopted in diverse construction sectors, notably new home building and commercial property development. Established in 1888, James Hardie Industries plc maintains its corporate headquarters in Dublin, Ireland.

Sector: Basic Materials · Industry: Construction Materials

Why This Stock Is Doubtful

  • Debt is 25.8% of market cap, only 4.2 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 2, 2026

Compliance History

  1. Doubtfulnow

    since Sep 2026

  2. Halal

    until the change above

  3. Doubtful

    until the change above

  4. Halal

    until the change above

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

Fiscal: Q1 2027Data source: EDGAR
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Frequently Asked Questions

Is James Hardie Industries plc (JHX) halal to invest in?
James Hardie Industries plc (JHX) 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 James Hardie Industries plc get a B+ compliance rating?
James Hardie Industries plc (JHX) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 25.8% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change James Hardie Industries plc's Shariah verdict?
James Hardie Industries plc'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 James Hardie Industries plc re-screened for Shariah compliance?
James Hardie Industries plc (JHX) 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 2, 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.