Is VMI halal?
Valmont Industries, Inc.
Halal
Valmont Industries, 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
NYSE
Price
444.53
Day
-1.51%
Market cap
$8.80B
Industry
Conglomerates
Sector
Industrials
What the company does
Valmont Industries has two businesses: infrastructure (power-transmission poles, lighting and telecom towers, highway structures) and agriculture (Valley center-pivot irrigation systems). Its money comes from selling steel structures and irrigation equipment.
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 $730.68M ÷ 36-month average market cap $6.63B = 11.0%
11.0%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $139.05M ÷ 36-month average market cap $6.63B = 2.1%
2.1%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $8.19M ÷ annual revenue $4.10B (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. Today's market cap: $8.80B.
For information (AAOIFI 3/1 note): cash + receivables are 31.0% 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
- 0.01% · #447 of 1454
- Held by funds
- Not held by any tracked fund
- Dividend
- 0.61% · purify 0.2% · net 0.61%
Manually reviewed — clean
The industry was flagged as sensitive, so the company's filings were checked by hand on 15 August 2026. Conclusion:
Valmont Industries — irrigatsiya jihozlari, infratuzilma ustunlari/metall tuzilmalar. Alkogol/qimor/harbiy yo'nalish yo'q
Halal stocks in the same industry
The largest halal stocks in Conglomerates — 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.