Lincoln Electric Holdings Inc

LECO

Compliant
Exchange
Sector
Headquarters
Group
NASDAQ
Industrials
USA
Large Cap

Lincoln Electric Holdings Inc is Shariah Compliant. It passes 3/5 Shariah standards we screen against.

0.12%

Impure Income*

$0.014

Purification*

$0.086

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Large Cap
HOLD
$296.73
13
11.65%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
18.04%
12.30%
1.16
1.82
10.41%

Shariah Compliance

  • Updated on July 21, 2026
Debt
8.95%
✓
Non-Compliant Assets
✓
Impure Income
0.12%
✓

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
10.84%
✓
Impure Income
0.12%
✓

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
10.68%
✓
Impure Income
0.12%
✓

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
33.68%
✗
Cash
7.66%
✓
Cash & AR
23.28%
✓
Impure Income
0.12%
✓

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
33.68%
✗
Cash
7.66%
✓
Cash & AR
23.28%
✓
Impure Income
0.12%
✓

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
0.12%

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

Lincoln Electric Holdings, Inc. is engaged in welding, cutting, brazing, machining, process automation, and field repair. The Company’s segments include Americas Welding, International Welding, and the Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment includes welding operations in Europe, Africa, Asia, and Australia. The Harris Products Group includes the Company’s cutting, soldering and brazing businesses, specialty gas equipment, as well as its retail business in the United States. Its products are arc welding equipment, filler metals (welding, brazing and soldering consumables), cutting systems (laser, plasma and oxyfuel), wire feeding systems, fume control equipment, welding accessories, specialty gas regulators, mobile power equipment, wear solutions, software, and education solutions as well as a comprehensive portfolio of automated solutions and system integration services.