Honeywell International Inc

HON

Compliant
Exchange
Sector
Headquarters
Group
United States of America
Large cap

Honeywell International Inc is Shariah Compliant. It passes 3/5 Shariah standards we screen against.

0.76%

Impure Income*

$0.082

Purification*

$0.087

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Large cap
BUY
$254.20
$214.21
$300.00
27
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
8.09%
20.97%
14.82%
1.01
1.31
9.56%

Shariah Compliance

Debt
26.78%
Non-Compliant Assets
1.75%
Impure Income
0.76%

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
27.12%
Impure Income
0.76%

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
26.82%
Impure Income
0.76%

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
46.56%
Cash
14.01%
Cash & AR
25.68%
Impure Income
0.76%

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
46.56%
Cash
14.01%
Cash & AR
25.68%
Impure Income
0.76%

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
0.76%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Honeywell International Inc. is an integrated operating company. Its Aerospace Technologies segment supplies products, software, and services for aircraft that it sells to original equipment manufacturers and other customers in a variety of end markets, including air transport, business and general aviation aircraft. Its Industrial Automation segment is a provider of industrial automation solutions that deliver intelligent, sustainable, and secure operations for customers in refining/petrochemicals and life sciences. Its Building Automation segment is a provider of products, software, solutions, and technologies that enable building owners and occupants to ensure their facilities are safe, energy efficient, sustainable, and productive. It also offers an off-gas detection solution for lithium-ion batteries. Its Energy and Sustainability Solutions segment is a provider of technology, processing, and licensing capabilities combined with material science and capabilities and chemistry.

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