Is APD halal?
Air Products and Chemicals, Inc
Halal
Air Products and Chemicals, Inc passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 14 October 2026
Exchange
NYSE
Price
299.59
Day
+1.01%
Market cap
$64.43B
Industry
Specialty Chemicals
Sector
Basic Materials
What the company does
Air Products supplies industrial gases (oxygen, nitrogen, hydrogen, helium) to plants under long-term contracts, plus large hydrogen and LNG equipment projects (Saudi NEOM). Its money comes from gas-supply contracts.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $17.67B ÷ 36-month average market cap $61.54B = 28.7%
28.7%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $980.50M ÷ 36-month average market cap $61.54B = 1.6%
1.6%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $64.43B.
For information (AAOIFI 3/1 note): cash + receivables are 8.8% of total assets (2026-06-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- 0.10% weight · #178 of 503
- Among halal stocks
- 0.09% · #133 of 1454
- Held by funds
- SPUS 0.17%
- Dividend
- 2.49% · no purification data
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 6 superinvestors · Average reported price: $282.15
- Viking Global Investors$1.4B4.0%
- AKO Capital$162K3.8%
- Dodge & Cox Funds$2.8B1.4%
- Hillman Capital Management$383K0.3%
- Jensen Investment Management$1.6M0.0%
- First Eagle Investment Management$26K0.0%
Halal stocks in the same industry
The largest halal stocks in Specialty Chemicals — for comparison.
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Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.