James Hardie Industries PLC

JHX

Compliant
Exchange
Sector
Headquarters
Group
NYSE
Basic Materials
Ireland
Large Cap

James Hardie Industries PLC is Shariah Compliant. It passes 4/5 Shariah standards we screen against.

0.22%

Impure Income*

$0.006

Purification*

$0.014

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Large Cap
STRONG BUY
63.86%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
14.94%
2.15%
1.03
1.58
26.54%

Shariah Compliance

Debt
24.78%
✓
Non-Compliant Assets
✓
Impure Income
0.22%
✓

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
32.16%
✓
Impure Income
0.22%
✓

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
33.71%
✗
Impure Income
0.22%
✓

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
32.45%
✓
Cash
2.15%
✓
Cash & AR
5.85%
✓
Impure Income
0.22%
✓

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
32.45%
✓
Cash
2.15%
✓
Cash & AR
5.85%
✓
Impure Income
0.22%
✓

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
0.22%

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

James Hardie Industries plc is a provider of exterior home and outdoor living solutions, with a portfolio that includes fiber cement siding and trim, fiber gypsum interior walls and floors, and composite and PVC decking and railing products. Its portfolio is marketed and sold throughout North America, Europe, Australia and New Zealand. The Siding & Trim segment manufactures fiber cement and PVC exterior siding and trim products, as well as molding, interior linings, and accessories in the United States. The Deck, Rail & Accessories segment manufactures decking, railing, cladding, pergolas, cabanas and related accessories in the United States. The Australia & New Zealand segment includes fiber cement products manufactured in Australia. The Europe segment includes fiber gypsum products and cement bonded boards manufactured in Europe, and fiber cement products manufactured in the United States. Its brands include Hardie, TimberTech, AZEK Exteriors, Versatex, fermacell and StruXure.

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