Is AWI halal?
Armstrong World Industries Inc
Halal
Armstrong World Industries 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
168.16
Day
+0.94%
Market cap
$6.91B
Industry
Building Products & Equipment
Sector
Industrials
What the company does
Armstrong World Industries makes ceiling tiles and panels (mineral-fiber and metal ceilings for commercial buildings) and architectural specialties. Its money comes from building-product sales.
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 $528.20M ÷ 36-month average market cap $6.39B = 8.3%
8.3%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $78.60M ÷ 36-month average market cap $6.39B = 1.2%
1.2%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $2.40M ÷ annual revenue $1.62B (2025) = 0.1%
0.1%
Pass
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: $6.91B.
For information (AAOIFI 3/1 note): cash + receivables are 13.6% 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
- Not in the S&P 500
- Among halal stocks
- 0.01% · #500 of 1454
- Held by funds
- Not held by any tracked fund
- Dividend
- 0.84% · purify 0.1% · net 0.84%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 2 superinvestors · Average reported price: $160.42
- Yacktman Asset Management$121.1M1.5%
- John ArmitageEgerton Capital$148.5M1.4%
Halal stocks in the same industry
The largest halal stocks in Building Products & Equipment — 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.