Is DOV (Dover Corporation) Halal or Haram?

Based on our AAOIFI-standard shariah screening, DOV is Halal and considered permissible for Muslim investors. It passed all 4 of 4 compliance screens including business activity review, debt-to-market-cap ratio (12.68% vs ≤33% threshold), interest income ratio (0.90% vs ≤5% threshold), and cash & securities ratio (5.63% vs ≤33% threshold).

Dover Corporation is a diversified global manufacturer that provides essential equipment, components, and software solutions. Its broad portfolio serves critical end-markets, including solid waste handling, industrial automation, aerospace and defense, and fluid dispensing. For Muslim investors, Dover Corporation represents a fully Halal investment opportunity under AAOIFI standards. The stock successfully passes all four compliance screens, meaning its core industrial business activities and financial practices align with Islamic finance principles. From a financial perspective, Dover exhibits strong compliance metrics that should give halal investors peace of mind. Its debt-to-market capitalization sits comfortably at 12.7%, far below the 33% limit, while interest-bearing income represents only 0.90% of total revenues. While the stock is currently compliant, Muslim investors should periodically monitor its aerospace and defense segment. Ensuring that future contracts in this division do not pivot heavily into prohibited weapons manufacturing will be important for maintaining its halal status long-term. Dover Corporation operates in the Industrials sector under the Industrial - Machinery industry and is headquartered in Downers Grove, IL, US. The company is led by CEO Richard Joseph Tobin and employs approximately 24,000 people.

DOV 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. DOV passed 4 of these 4 screens.

Although DOV passes all shariah screens, it does earn $73.0M in interest income (0.90% of revenue). Many scholars recommend purifying this portion by donating the equivalent percentage of any dividends received to charity. For example, if you receive $100 in dividends, you would donate approximately $0.90 to purify the income.

DOV 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.