Is SNA halal?

What the company does

Snap-on makes tools and diagnostics for professional mechanics: franchisee vans sell tools to repair shops, plus car-diagnostic software. Its money comes from tool sales; the customer-financing unit's ratio is checked by the screener.

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 $1.20B ÷ 36-month average market cap $17.01B = 7.1%

  7.1%

  Pass

• Cash & investments / market cap

  limit 30%

  Cash + interest-bearing securities $1.64B ÷ 36-month average market cap $17.01B = 9.7%

  9.7%

  Pass

• Non-compliant income / total revenue

  limit 5%

  Interest income $58.80M ÷ annual revenue $5.16B (2025) = 1.1%

  1.1%

  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: $18.72B.

For information (AAOIFI 3/1 note): cash + receivables are 38.3% 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 · #392 of 503

Among halal stocks

0.03% · #293 of 1454

Held by funds

HLAL 0.05%

Dividend

2.60% · purify 1.1% · net 2.57%