Is Zurn Elkay Water Solutions Corp. ZWS stock halal to invest in?

Yes, as of August 2026, Zurn Elkay Water Solutions Corp. stock (ZWS) 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. Zurn Elkay Water Solutions 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 Zurn Elkay Water Solutions Corp. and explore other Shariah compliant stocks in the Tabadulat app.

How often is Zurn Elkay Water Solutions Corp. ZWS reviewed for Shariah compliance?

Tabadulat reviews Zurn Elkay Water Solutions Corp. ZWS 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 Zurn Elkay Water Solutions 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 reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Zurn Elkay Water Solutions Corp. ZWS pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, Zurn Elkay Water Solutions Corp. stock (ZWS) 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. Zurn Elkay Water Solutions 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 Zurn Elkay Water Solutions Corp. ZWS pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Zurn Elkay Water Solutions Corp. stock (ZWS) 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). Zurn Elkay Water Solutions 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 Zurn Elkay Water Solutions Corp. ZWS pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Zurn Elkay Water Solutions Corp. stock (ZWS) 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. Zurn Elkay Water Solutions 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 Zurn Elkay Water Solutions Corp. ZWS stock?

As of August 2026, the dividend purification factor for Zurn Elkay Water Solutions Corp. (ZWS) 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 Zurn Elkay Water Solutions 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 Zurn Elkay Water Solutions Corp. ZWS pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Zurn Elkay Water Solutions Corp. stock (ZWS) 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. Zurn Elkay Water Solutions 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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Zurn Elkay Water Solutions Corp.

NYSE

Shariah-Compliant

Not Shariah

ZWS

About

Zurn Elkay Water Solutions Corp.

ZWS

Zurn Elkay Water Solutions Corporation is a leading provider in the water management industry, focusing on delivering innovative solutions for water conservation, quality, and control. The company manufactures and distributes a comprehensive range of products, including water safety and control equipment, sanitary systems, and water filtration products. These solutions cater to sectors such as healthcare, education, commercial buildings, and industrial facilities, addressing both water efficiency and safety needs. With a mission to preserve and optimize water resources, Zurn Elkay plays a crucial role in promoting sustainability across various industries. Renowned for its commitment to environmental stewardship, the company’s offerings help clients meet increasingly stringent regulations and sustainability goals. Headquartered in the United States, Zurn Elkay’s market significance is underscored by its continued push towards innovation and sustainable practices in water infrastructure, making it a vital player in enhancing the global water supply system.

Sector:

Industrials

Industry:

Pollution & Treatment Controls

Employees:

2500

Website:

https://www.zurnelkay.com

ZWS

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Zurn Elkay Water Solutions Corp.

About

Zurn Elkay Water Solutions Corp.

ZWS

Frequently asked questions

Is Zurn Elkay Water Solutions Corp. ZWS stock halal to invest in?

How often is Zurn Elkay Water Solutions Corp. ZWS reviewed for Shariah compliance?

Does Zurn Elkay Water Solutions Corp. ZWS pass the AAOIFI Non Permissible Income criteria?

Does Zurn Elkay Water Solutions Corp. ZWS pass the AAOIFI Interest Bearing Investments criteria?

Does Zurn Elkay Water Solutions Corp. ZWS pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Zurn Elkay Water Solutions Corp. ZWS stock?

Does Zurn Elkay Water Solutions Corp. ZWS pass the AAOIFI Preference Share screen?

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