Is IR (Ingersoll Rand Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, IR 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 (15.05% vs ≤33% threshold), interest income ratio (0.00% vs ≤5% threshold), and cash & securities ratio (3.93% vs ≤33% threshold).

Ingersoll Rand Inc. is a global provider of mission-critical industrial machinery, specializing in air and gas compression, fluid transfer equipment, and power tools. Operating through its Industrial Technologies and Precision and Science Technologies segments, the company serves vital sectors including medical, energy, and specialty vehicles across the globe. For Muslim investors utilizing HalalStocks.co.uk, Ingersoll Rand represents a solid, shariah-compliant opportunity in the industrials sector. The stock successfully passes all four AAOIFI screening criteria, meaning its core business operations and financial structure align with Islamic finance principles. From a financial perspective, Ingersoll Rand boasts excellent compliance metrics, notably a low debt-to-market cap ratio of 15.0% and cash reserves sitting comfortably at 3.9% of its market capitalization. Additionally, the company generates 0.00% interest income relative to its revenue, ensuring investors are not exposed to impermissible earnings. Since there is no major scholarly debate regarding the manufacturing of industrial machinery, investors can feel confident in this stock's halal status. Moving forward, shareholders should simply monitor the company's debt levels during future acquisitions to ensure it consistently remains below the 33% AAOIFI threshold. Ingersoll Rand Inc. operates in the Industrials sector under the Industrial - Machinery industry and is headquartered in Davidson, NC, US. The company is led by CEO Vicente Reynal and employs approximately 21,000 people.

IR 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. IR passed 4 of these 4 screens.

IR 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.

IR 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.