Is PPG (PPG Industries, Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, PPG 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 (31.85% vs ≤33% threshold), interest income ratio (0.96% vs ≤5% threshold), and cash & securities ratio (9.49% vs ≤33% threshold).

PPG Industries, Inc. is a global leader in the specialty chemicals sector, primarily manufacturing paints, coatings, and engineered materials. The company supplies essential products like industrial sealants, automotive finishes, and transparent armor for commercial and military aviation. For Muslim investors using HalalStocks.co.uk, PPG represents a fully Shariah-compliant investment opportunity based on AAOIFI standards. The stock successfully passed all four screening categories, meaning its core business operations and financial structures align with Islamic financial principles. From an Islamic finance perspective, PPG's financials are solid, though its debt-to-market cap ratio of 31.9% warrants some attention as it approaches the 33% maximum limit. Fortunately, the company maintains a very clean revenue stream, with interest-bearing income accounting for a mere 0.96% of its total revenue. Because PPG's debt levels are relatively close to the AAOIFI threshold, Islamic investors should monitor its quarterly balance sheets. Any significant drop in market capitalization or increase in borrowing could potentially push the stock into non-compliant territory. PPG Industries, Inc. operates in the Basic Materials sector under the Chemicals - Specialty industry and is headquartered in Pittsburgh, PA, US. The company is led by CEO Timothy Knavish and employs approximately 46,000 people.

PPG 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. PPG passed 4 of these 4 screens.

Although PPG passes all shariah screens, it does earn $153.0M in interest income (0.96% 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 $0.96 to purify the income.

PPG 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.