Is HUBB (Hubbell Incorporated) Halal or Haram?

Based on our AAOIFI-standard shariah screening, HUBB 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 (9.01% vs ≤33% threshold), interest income ratio (0.00% vs ≤5% threshold), and cash & securities ratio (1.72% vs ≤33% threshold).

Hubbell Incorporated is a global manufacturer of electrical and electronic products, operating primarily through its Electrical and Utility Solutions segments. The company provides essential infrastructure components, including specialized wiring devices, lighting fixtures, and grounding products used by commercial, industrial, and telecom facilities. For Muslim investors, Hubbell represents a fully halal investment opportunity, having successfully passed all four AAOIFI screening criteria. The company's core operations do not involve any prohibited activities, meaning investors can confidently allocate capital without compromising their Islamic values. From an Islamic finance perspective, Hubbell's balance sheet is exceptionally strong and well within compliance limits. The company maintains a conservative debt-to-market cap ratio of just 9.0% and holds a cash-to-market cap ratio of 1.7%, reflecting minimal reliance on interest-bearing leverage. Notably, the company reports 0.00% interest income against its revenue, effectively eliminating concerns regarding impure earnings. Since there are no major scholarly debates regarding the permissibility of electrical manufacturing, the primary focus for Islamic investors should simply be monitoring the company's debt levels during future corporate expansions. As long as the company maintains its current financial discipline, it remains a robust choice for a halal portfolio. Hubbell Incorporated operates in the Industrials sector under the Electrical Equipment & Parts industry and is headquartered in Shelton, CT, US. The company is led by CEO Gerben W. Bakker and employs approximately 17,700 people.

HUBB 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. HUBB passed 4 of these 4 screens.

HUBB has negligible interest income, so purification may not be necessary. However, it is always advisable to consult a qualified scholar regarding your specific investment situation.

HUBB 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.