What is Zurn Elkay Water Solutions Corporation's Shariah compliance score?

Zurn Elkay Water Solutions Corporation (ZWS) has a Shariah compliance score of 89/100 (Grade: A, Very Good). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Zurn Elkay Water Solutions Corporation pass AAOIFI screening?

Zurn Elkay Water Solutions Corporation (ZWS) passes AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. ZWS's debt-to-market-cap is 6.4%.

How much purification is needed for Zurn Elkay Water Solutions Corporation?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the percentage and amount for Zurn Elkay Water Solutions Corporation (ZWS) using the latest financial data.

Where can I screen Zurn Elkay Water Solutions Corporation for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Zurn Elkay Water Solutions Corporation (ZWS) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

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Compliance Status

Halal

Screened on Oct 13, 2026 · AAOIFI Standard 21

Very Good

89Score

Is Zurn Elkay Water Solutions Corporation (ZWS) halal? Halal. Based on AAOIFI screening, Zurn Elkay Water Solutions Corporation passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 89/100 (Grade: A).

Quote this verdict

HalalScreener rates Zurn Elkay Water Solutions Corporation (ZWS) Halal, 89/100, grade A under AAOIFI Standard 21, screened Oct 13, 2026. Source: https://halalscreener.app/en/stock/ZWS

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%.

6.4% 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.

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Screened according to AAOIFI Standard 21

What this means for you

You can own ZWS

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

Purification amount is Pro

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

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ZWS: Is Zurn Elkay Water Solutions Corporation Halal?

Zurn Elkay Water Solutions Corporation

NYSEIndustrialsUS

$47.06

Market Cap: 7.8B

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About Zurn Elkay Water Solutions Corporation

Zurn Elkay Water Solutions Corporation (ZEWS) is a leading provider of comprehensive water system solutions. The company is involved in the entire lifecycle, from design and procurement to manufacturing and marketing, with a focus on optimizing water quality, safety, flow management, and conservation within and around non-residential structures. ZEWS markets a diverse portfolio of products under several well-known brands. Under its flagship Zurn brand, offerings include finish plumbing fixtures, drainage and interception systems, water control and backflow prevention devices, fire protection equipment, PEX pipe fittings and accessories, and essential repair parts. The World Dryer brand specializes in hand and hair dryers, alongside baby changing stations. Furthermore, its Just Manufacturing brand provides a wide array of robust stainless steel products. This encompasses specialized sinks for academic institutions and classrooms, ADA-compliant commercial sinks and plumbing fixtures for assisted living facilities, various faucets, bubblers, drains, and accessories. These stainless steel solutions also cater to sectors like food service, government, healthcare, hospitality, institutional, and even select residential applications. These solutions are deployed across a broad spectrum of markets, including higher education, healthcare, retail, restaurant, hospitality, general education, government, and fire protection. Incorporated in 2006, the company, formerly known as Zurn Water Solutions Corporation, is headquartered in Milwaukee, Wisconsin.

Sector: Industrials · Industry: Industrial - Machinery

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 13, 2026

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Screened according to AAOIFI Standard 21

Compliance History

Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q1 2026Data source: EDGAR

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Frequently Asked Questions

Is Zurn Elkay Water Solutions Corporation (ZWS) halal to invest in?

Based on AAOIFI Standard 21 screening, Zurn Elkay Water Solutions Corporation (ZWS) is rated Halal with a compliance grade of A (Very Good). 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 Zurn Elkay Water Solutions Corporation get a A compliance rating?

Zurn Elkay Water Solutions Corporation (ZWS) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 6.4% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Zurn Elkay Water Solutions Corporation's Shariah verdict?

Zurn Elkay Water Solutions Corporation'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 Zurn Elkay Water Solutions Corporation re-screened for Shariah compliance?

Zurn Elkay Water Solutions Corporation (ZWS) 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: Oct 13, 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.