Is CARR halal?
Carrier Global Corporation
Halal
Carrier Global Corporation 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
55
Day
+0.07%
Market cap
$44.99B
Industry
Building Products & Equipment
Sector
Industrials
What the company does
Carrier makes heating, air-conditioning and refrigeration systems (Carrier, Viessmann heat pumps) for homes and commercial buildings, including data-center cooling. Its money comes from equipment sales and services.
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 $12.39B ÷ 36-month average market cap $55.49B = 22.3%
22.3%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $1.34B ÷ 36-month average market cap $55.49B = 2.4%
2.4%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $94.00M ÷ annual revenue $21.75B (2025) = 0.4%
0.4%
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: $44.99B.
For information (AAOIFI 3/1 note): cash + receivables are 12.3% 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
- 0.07% weight · #241 of 503
- Among halal stocks
- 0.07% · #178 of 1454
- Held by funds
- SPUS 0.11% · HLAL 0.11%
- Dividend
- 1.72% · purify 0.4% · net 1.71%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 3 superinvestors · Average reported price: $73.35
- Sarah KettererCauseway Capital Management$159.8M1.7%
- Dodge & Cox Funds$2.0B1.1%
- Mairs & Power Funds$204K0.0%
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.