Is LECO halal?
Lincoln Electric Holdings, Inc.
Halal
Lincoln Electric Holdings, Inc. passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 15 October 2026
Exchange
NASDAQ
Price
260.24
Day
+0.94%
Market cap
$14.01B
Industry
Tools & Accessories
Sector
Industrials
What the company does
Lincoln Electric is a leader in welding equipment and consumables (electrodes, wire), plus welding automation and cutting systems. Customers are industry, construction and automotive; its money comes from equipment/consumable 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 $1.15B ÷ 36-month average market cap $12.30B = 9.3%
9.3%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $242.44M ÷ 36-month average market cap $12.30B = 2.0%
2.0%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
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: $14.01B.
For information (AAOIFI 3/1 note): cash + receivables are 21.7% 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
- 0.02% · #341 of 1454
- Held by funds
- Not held by any tracked fund
- Dividend
- 1.20% · no purification data
Halal stocks in the same industry
The largest halal stocks in Tools & Accessories — 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.