Is JHX halal?
James Hardie Industries plc.
Not halal
James Hardie Industries plc. did not pass AAOIFI screening. The failed check is shown below.
Checked: 16 October 2026
Exchange
NYSE
Price
25.82
Day
-0.31%
Market cap
$14.97B
Industry
Building Materials
Sector
Basic Materials
What the company does
James Hardie (Ireland/Australia) makes fiber-cement siding and building boards (US housing is the main market), adding AZEK (composite decking) in 2025. Its money comes from building-material 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 $4.38B ÷ 36-month average market cap $14.01B = 31.3%
31.3%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $289.90M ÷ 36-month average market cap $14.01B = 2.1%
2.1%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $30.70M ÷ annual revenue $3.88B (2025) = 0.8%
0.8%
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: $14.97B.
For information (AAOIFI 3/1 note): cash + receivables are 5.8% 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
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 2 superinvestors · Average reported price: $26.18
- Mairs & Power Funds$6.3M0.1%
- First Eagle Investment Management$2.5M0.0%
Exited this quarter: Lee Ainslie
All superinvestor portfoliosHalal stocks in the same industry
The largest halal stocks in Building Materials — for comparison.
Related articles
- Market reviewMentions JHXSeptember 2026: stocks that left and joined the halal listIn September 132 stocks left the halal list and 105 joined. The main reasons, examples — and one important methodology fix.
- Halal investingBlogHaram revenue you can't see from the industry label: pork, weapons, casinosPork hides under "Packaged Foods", weapons under "Aerospace & Defense". What automated screening misses and how we catch it by hand.
- 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 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.