Is BALL (Ball Corporation) Halal or Haram?

Based on our AAOIFI-standard shariah screening, BALL is classified as Doubtful. It passed 3 of 4 compliance screens. Some scholars may permit investing with income purification, while others advise avoiding it. We recommend consulting a qualified Islamic scholar before investing in BALL.

Ball Corporation is a global manufacturer of aluminum packaging products used in the beverage, personal care, and household industries. The company also operates a specialized aerospace division that develops spacecraft, sensors, and radio frequency systems. For Muslim investors using HalalStocks.co.uk, Ball Corporation is currently classified as Doubtful. Although its core business activities are permissible, the stock fails the AAOIFI financial screening criteria due to its high debt load, meaning it cannot currently be considered a halal investment. From an Islamic finance perspective, the primary concern is the company's debt-to-market capitalization ratio, which sits at an elevated 44.0%, well above the strict 33% limit. Fortunately, its interest-bearing cash and securities are well within acceptable limits at 7.6%, and interest income is negligible at 0.23% of total revenue. While the packaging of alcoholic beverages like beer is a part of their broader container business, investors should primarily monitor the company's balance sheet. A significant reduction in interest-bearing debt would be required before BALL can be re-evaluated for strict shariah compliance. Ball Corporation operates in the Consumer Cyclical sector under the Packaging & Containers industry and is headquartered in Westminster, CO, US. The company is led by CEO Ronald J. Lewis and employs approximately 16,000 people.

BALL was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. BALL passed 3 of these 4 screens.

BALL was last screened on 2026-04-29. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.