Johnson Controls International PLC

JCI

Compliant
Exchange
Sector
Headquarters
Group
NYSE
Industrials
Ireland
Large Cap

Johnson Controls International PLC is Shariah Compliant. It passes 5/5 Shariah standards we screen against.

0.05%

Impure Income*

$0.005

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Large Cap
BUY
9.29%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
11.99%
7.31%
0.76
0.93
35.03%

Shariah Compliance

Debt
10.79%
✓
Non-Compliant Assets
0.34%
✓
Impure Income
0.05%
✓

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
15.8%
✓
Impure Income
0.05%
✓

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
13.7%
✓
Impure Income
0.05%
✓

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
24.45%
✓
Cash
2.42%
✓
Cash & AR
14.16%
✓
Impure Income
0.05%
✓

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
24.45%
✓
Cash
2.42%
✓
Cash & AR
14.16%
✓
Impure Income
0.05%
✓

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
0.05%

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

Johnson Controls International plc is a global technology company. It specializes in energy efficiency, decarbonization, thermal management and mission-critical performance, which helps customers use energy more productively, reduce carbon emissions, and operate with the precision and resilience required in expanding industries such as data centers, healthcare, and advanced manufacturing. Its segments include the Americas, EMEA, and APAC. It is engaged in engineering, manufacturing, commissioning and retrofitting building products and systems, including commercial heating, ventilating, air-conditioning (HVAC) equipment, industrial refrigeration systems, controls, and security systems. It serves customers by providing technical services, including maintenance, management, repair, retrofit and replacement of equipment and energy-management consulting. It also offers OpenBlue digital ecosystem to optimize real-time airflow in buildings based on occupancy for customers across industries.

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