Is VMC halal?

What the company does

Vulcan Materials is the largest US producer of construction aggregates: crushed stone, sand and gravel from quarries for roads and construction, plus asphalt and concrete. Its money comes from 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 $4.89B ÷ current market cap $32.44B = 15.1%

  15.1%

  Pass

• Cash & investments / market cap

  limit 30%

  Cash + interest-bearing securities $194.20M ÷ current market cap $32.44B = 0.6%

  0.6%

  Pass

• Non-compliant income / total revenue

  limit 5%

  Interest income $13.40M ÷ annual revenue $7.94B (2025) = 0.2%

  0.2%

  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.

For information (AAOIFI 3/1 note): cash + receivables are 7.9% 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

0.05% weight · #300 of 503

Among halal stocks

0.05% · #218 of 1454

Held by funds

SPUS 0.09% · HLAL 0.08%

Dividend

0.83% · purify 0.2% · net 0.83%