Is PH halal?
Parker-Hannifin Corporation
Halal
Parker-Hannifin 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
963.34
Day
+0.17%
Market cap
$120.89B
Industry
Specialty Industrial Machinery
Sector
Industrials
What the company does
Parker-Hannifin makes motion and control technologies: hydraulics, pneumatics, filters and connectors for industrial machinery, plus aircraft systems (aerospace — about 30% of revenue). Its money comes from component 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 $8.52B ÷ 36-month average market cap $87.98B = 9.7%
9.7%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $501.00M ÷ 36-month average market cap $87.98B = 0.6%
0.6%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $14.00M ÷ annual revenue $21.50B (2026) = 0.1%
0.1%
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: $120.89B.
For information (AAOIFI 3/1 note): cash + receivables are 12.9% 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
- 0.18% weight · #98 of 503
- Among halal stocks
- 0.18% · #78 of 1454
- Held by funds
- Not held by any tracked fund
- Dividend
- 0.78% · purify 0.1% · net 0.78%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 2 superinvestors · Average reported price: $978.12
- Bill NygrenOakmark Funds$289K0.0%
- Dodge & Cox Funds$2.4M0.0%
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.