
Is PPG Industries (PPG) stock Halal?
September 2026 AAOIFI screening result for PPG Industries, Inc. (PPG): non-permissible income, pass. Interest-bearing investments, pass. Interest-bearing debt, pass. Preference shares, pass. Dividend purification factor: 98.59%. Re-screened monthly against AAOIFI Shariah Standard No. 21.
PPG Industries is a global supplier of paints, coatings, and specialty materials. Founded in 1883 and headquartered in Pittsburgh, Pennsylvania, PPG Industries operates across various sectors, offering products that enhance surfaces with color, protection, and performance. Their extensive range includes architectural paints, industrial coatings, automotive finishes, and protective coatings used in consumer electronics, vehicles, construction, and more. Before any of that matters to a Muslim investor, one question comes first: is PPG Industries stock Halal?
Is PPG Industries Shariah compliant?
For a resources company like PPG Industries, AAOIFI Shariah Standard No. 21 has little quarrel with the product; the scrutiny falls on the financing. Heavy machinery and long project cycles are usually funded with debt, and the standard tolerates interest bearing borrowing only below 30% of market capitalisation.
Does PPG Industries pass the business activity test?
Yes. In the September 2026 screening PPG Industries holds an overall PASS, which a stock only earns when its core business clears the activity screen. The activity itself, extracting and selling resources, raises no Shariah objection; the scrutiny belongs to the financing.
Is PPG Industries' income Halal?
Yes, within AAOIFI's tolerance. PPG Industries' income from non-permissible sources stays below 5% of revenue in the September 2026 screening, and the small impure portion is handled through purification: the factor of 98.59% tells holders of PPG what share of each dividend to keep and what remainder to donate to charity.
Does PPG Industries meet AAOIFI's debt and investment ratio requirements?
Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has PPG re-screened every month, and the result above always shows the latest verdict.
Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.
New to the four screens? Read AAOIFI Standards Explained: What Makes a Stock Halal?



