Is CMI halal?
Cummins Inc.
Halal
Cummins 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
535.84
Day
+0.58%
Market cap
$72.64B
Industry
Specialty Industrial Machinery
Sector
Industrials
What the company does
Cummins makes diesel and natural-gas engines (trucks, construction machinery), generators (including for data centers), filters and battery/hydrogen technology (Accelera). Its money comes from engine and generator 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 $8.29B ÷ 36-month average market cap $54.00B = 15.3%
15.3%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $3.92B ÷ 36-month average market cap $54.00B = 7.3%
7.3%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $211.00M ÷ annual revenue $33.67B (2025) = 0.6%
0.6%
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: $72.64B.
For information (AAOIFI 3/1 note): cash + receivables are 27.7% of total assets (2025-12-31). 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
- 0.11% weight · #163 of 503
- Among halal stocks
- 0.11% · #122 of 1454
- Held by funds
- SPUS 0.19% · HLAL 0.19%
- Dividend
- 1.52% · purify 0.6% · net 1.51%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 3 superinvestors · Average reported price: $713.21
- Christopher BloomstranSemper Augustus$9.3M1.1%
- First Eagle Investment Management$765.8M0.6%
- Mairs & Power Funds$377K0.0%
Halal stocks in the same industry
The largest halal stocks in Specialty Industrial Machinery — 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.