Is HWM (Howmet Aerospace Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, HWM 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 (3.16% vs ≤33% threshold), interest income ratio (0.24% vs ≤5% threshold), and cash & securities ratio (0.77% vs ≤33% threshold).

Howmet Aerospace Inc. is a global leader in engineered solutions for the aerospace and transportation sectors. The company primarily manufactures critical components like airfoils, seamless rolled rings, and fastening systems for aircraft engines, industrial gas turbines, and commercial vehicles. For Muslim investors utilizing HalalStocks.co.uk, HWM is classified as a Halal investment, successfully passing all four AAOIFI screening criteria. Its core operations in industrial machinery are inherently permissible, meaning investors can confidently participate in its growth without compromising their Islamic values. From an Islamic financial perspective, Howmet Aerospace boasts an incredibly strong, shariah-compliant balance sheet. Its debt-to-market cap ratio sits at a mere 3.2%, demonstrating minimal reliance on interest-bearing leverage, while its impermissible interest income is nearly non-existent at just 0.24% of total revenue. Since there are no major scholarly debates regarding its core aerospace and transportation manufacturing, the primary focus for Islamic investors should simply be monitoring its quarterly debt levels and cash reserves to ensure they remain safely below the 33% AAOIFI thresholds. Howmet Aerospace Inc. operates in the Industrials sector under the Industrial - Machinery industry and is headquartered in Pittsburgh, PA, US. The company is led by CEO John C. Plant and employs approximately 23,930 people.

HWM 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. HWM passed 4 of these 4 screens.

Although HWM passes all shariah screens, it does earn $20.0M in interest income (0.24% 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 $0.24 to purify the income.

HWM 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.