Is IMI.L (IMI plc) Halal or Haram?

Based on our AAOIFI-standard shariah screening, IMI.L 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 (9.77% vs ≤33% threshold), interest income ratio (0.53% vs ≤5% threshold), and cash & securities ratio (1.74% vs ≤33% threshold).

IMI plc is a global specialist engineering company that designs and manufactures motion and fluid control technologies. Operating through divisions like Precision, Critical, and Hydronic Engineering, the company provides essential components such as actuators, solenoid valves, and pressure switches for industries ranging from life sciences to rail. For Muslim investors, IMI plc represents a strong halal investment opportunity within the industrials sector. The stock successfully passes all four AAOIFI shariah screens, meaning its core business activities and financial structures align with Islamic finance principles. From a shariah perspective, IMI plc boasts an impressive balance sheet with a debt-to-market cap ratio of just 9.8%, significantly below the 33% limit. Additionally, its interest income accounts for only 0.53% of total revenue, ensuring that returns are driven by permissible engineering operations rather than interest-bearing activities. Since there are no major scholarly debates regarding the manufacturing of industrial machinery, investors can feel confident in its compliance. However, Muslim shareholders should continue to monitor its quarterly debt levels and ensure the company does not expand its critical engineering division into non-compliant defense or weapons manufacturing. IMI plc operates in the Industrials sector under the Industrial - Machinery industry and is headquartered in Birmingham, GB. The company is led by CEO Roy Michael Twite and employs approximately 10,352 people.

IMI.L 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. IMI.L passed 4 of these 4 screens.

Although IMI.L passes all shariah screens, it does earn $12.3M in interest income (0.53% 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 $0.53 to purify the income.

IMI.L was last screened on 2026-05-01. 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.