Is LIN (Linde plc) Halal or Haram?

Based on our AAOIFI-standard shariah screening, LIN 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 (11.48% vs ≤33% threshold), interest income ratio (0.09% vs ≤5% threshold), and cash & securities ratio (2.15% vs ≤33% threshold).

Linde plc is a global leader in industrial gases and engineering, serving markets across the Americas, Europe, Asia, and beyond. The company's core business involves producing atmospheric gases like oxygen and nitrogen, as well as process gases such as hydrogen and helium, which are essential for industries ranging from healthcare to electronics manufacturing. Beyond gas production, Linde designs and builds complex turnkey process plants, solidifying its role as a critical infrastructure provider in the global supply chain. For Muslim investors, Linde presents a compelling opportunity as it has passed all four AAOIFI Shariah screening criteria. The company's business activities are inherently permissible (Halal), focusing on tangible industrial products rather than prohibited sectors like alcohol or conventional finance. This 'Halal' designation means investors can confidently include LIN in their portfolios without the need for purification of dividends based on current data. Financially, Linde exhibits a robust balance sheet that aligns well with Islamic finance principles. The company's debt-to-market cap ratio sits at a comfortable 11.5%, well below the 33% limit, indicating it is not overly leveraged with interest-bearing loans . Furthermore, its interest income is minimal at just 0.09% of total revenue, showcasing that the vast majority of its earnings come from legitimate trade and services rather than impermissible cash handling. Going forward, investors should continue to monitor Linde's acquisition strategies and cash management practices to ensure these ratios remain stable. While there is no significant scholarly debate regarding the permissibility of industrial gas companies, maintaining compliance requires consistent vigilance over the company's debt levels and investment income sources. Linde plc operates in the Basic Materials sector under the Chemicals - Specialty industry and is headquartered in Woking, GB. The company is led by CEO Sanjiv Lamba and employs approximately 65,069 people.

LIN 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. LIN passed 4 of these 4 screens.

Although LIN passes all shariah screens, it does earn $29.0M in interest income (0.09% 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 $0.09 to purify the income.

LIN was last screened on 2026-02-24. 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.