Is DOW halal?
Dow Inc.
Not halal
Dow Inc. did not pass AAOIFI screening. The failed check is shown below.
Checked: 15 October 2026
Exchange
NYSE
Price
29.93
Day
+0.91%
Market cap
$21.43B
Industry
Chemicals
Sector
Basic Materials
What the company does
Dow is a major chemical company making polyethylene plastics, silicones, polyurethanes and packaging materials. Revenue is chemical sales to packaging, construction and auto industries.
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 $19.43B ÷ 36-month average market cap $28.10B = 69.1%
69.1%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $3.74B ÷ 36-month average market cap $28.10B = 13.3%
13.3%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $152.00M ÷ annual revenue $39.97B (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: $21.43B.
For information (AAOIFI 3/1 note): cash + receivables are 19.8% 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
- 0.03% weight · #371 of 503
- Held by funds
- HLAL 0.05%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 3 superinvestors · Average reported price: $27.36
- Richard PzenaPzena Investment Management$342.2M1.0%
- Dodge & Cox Funds$249K0.0%
- First Eagle Investment Management$2.2M0.0%
Related articles
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- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
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.