Is Otis Worldwide Corp. OTIS stock halal to invest in?

Yes, as of August 2026, Otis Worldwide Corp. stock (OTIS) is classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening halal stocks. Otis Worldwide Corp. currently passes all four AAOIFI financial screens: non-permissible income remains below 5% of total revenue, interest-bearing investments and interest-bearing debt each remain below 30% of market capitalisation, and the company has no impermissible preference share structure. The stock's current purification factor is 100%. Compliance is reassessed every month as updated screening data arrives, and a stock's status can change when new financial reports are released. You can always check the current status of Otis Worldwide Corp. and explore other Shariah compliant stocks in the Tabadulat app.

How often is Otis Worldwide Corp. OTIS reviewed for Shariah compliance?

Tabadulat reviews Otis Worldwide Corp. OTIS for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Otis Worldwide Corp. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Otis Worldwide Corp. OTIS pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, Otis Worldwide Corp. stock (OTIS) passes the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. Otis Worldwide Corp.'s income from non-permissible sources is currently within this 5% threshold. Even permissible levels of incidental impure income should still be purified: investors donate the corresponding share of dividends to charity, as reflected in the stock's purification factor. This screen is reassessed monthly using the company's latest financial disclosures.

Does Otis Worldwide Corp. OTIS pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Otis Worldwide Corp. stock (OTIS) passes the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. This limit ensures shareholders are not materially profiting from riba (interest). Otis Worldwide Corp.'s interest-bearing investments are currently within the 30% threshold. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does Otis Worldwide Corp. OTIS pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Otis Worldwide Corp. stock (OTIS) passes the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar riba-based financing) must remain below 30% of its market capitalisation. This cap limits shareholders' exposure to interest-based leverage. Otis Worldwide Corp.'s interest-bearing debt is currently within the 30% threshold. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for Otis Worldwide Corp. OTIS stock?

As of August 2026, the dividend purification factor for Otis Worldwide Corp. (OTIS) is 100%. Purification (tazkiyah) is the practice of donating to charity the portion of dividend income attributable to incidental non-permissible sources, typically interest earned on a company's cash, and AAOIFI methodology requires it even for fully compliant stocks. The purification factor is the figure halal investors use to work out that donation on Otis Worldwide Corp. dividends. It is recalculated with each monthly screening as new financial data arrives, and the Tabadulat app can help you calculate and track purification across your whole portfolio.

Does Otis Worldwide Corp. OTIS pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Otis Worldwide Corp. stock (OTIS) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Otis Worldwide Corp. has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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Otis Worldwide Corp.

NYSE

Shariah-Compliant

Not Shariah

OTIS

About

Otis Worldwide Corp.

OTIS

Otis Worldwide Corporation is a leading global manufacturer and service provider of elevators, escalators, and moving walkways. Specializing in both new equipment and ongoing service, the company designs, produces, sells, and installs a broad range of passenger and freight elevators, as well as escalators and moving walkways, catering to residential, commercial, and infrastructure projects worldwide. Otis also delivers maintenance, repair, and modernization services for these systems, emphasizing operational safety, reliability, and technological innovation. With a heritage dating back to 1853 and credited with inventing the safety elevator, Otis has played a pivotal role in the development of urban environments and vertical transportation. Headquartered in Farmington, Connecticut, Otis maintains a direct presence in over 70 countries, supports more than 200 countries and territories, and operates with a global workforce exceeding 70,000 employees. The company’s broad portfolio, deep patent base, and extensive service network give it a significant presence across real estate development, commercial infrastructure, and public transportation sectors—making Otis an integral component of modern urban mobility and infrastructure development.

Sector:

Industrials

Industry:

Specialty Industrial Machinery

Employees:

72000

Website:

https://www.otis.com

OTIS

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Otis Worldwide Corp.

About

Otis Worldwide Corp.

OTIS

Frequently asked questions

Is Otis Worldwide Corp. OTIS stock halal to invest in?

How often is Otis Worldwide Corp. OTIS reviewed for Shariah compliance?

Does Otis Worldwide Corp. OTIS pass the AAOIFI Non Permissible Income criteria?

Does Otis Worldwide Corp. OTIS pass the AAOIFI Interest Bearing Investments criteria?

Does Otis Worldwide Corp. OTIS pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Otis Worldwide Corp. OTIS stock?

Does Otis Worldwide Corp. OTIS pass the AAOIFI Preference Share screen?

How do I buy Otis Worldwide (OTIS) stock?

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