Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is 3M Company (MMM) Halal?

PASS

3M Company · NYSE: MMM · Industrials

The short answer

Yes — 3M Company (MMM) passes this Shariah stock screen. The FY2025 10-K Item 1 describes three industrial/consumer segments — Safety and Industrial ($11,384M), Transportation and Electronics ($8,272M), Consumer ($4,920M) — with no alcohol, tobacco, gambling, adult entertainment, conventional weapons, or interest-based financial services disclosed, so Gate 1 (business activity) passes. Its financial ratios pass comfortably: interest-bearing debt of $12,551M (Q2 2026 10-Q) is about 14.93% of its ~$84.07B market cap ($163.02, October 1, 2026; 515,722,417 shares), below the ~33% ceiling, and interest income of $232M — separately disclosed in the 10-K's Note 7 — is about 0.93% of revenue ($24,948M), below the 5% ceiling. Musaffa classifies MMM "halal" (October 2026); no ShariaPortfolio coverage was found — honestly reported as absent, not invented. 3M spun off its health care business as Solventum (NYSE: SOLV) on April 1, 2024; MMM is the surviving NYSE-listed entity.

Gate 1 — Business activity: PASS

3M Company (NYSE: MMM) is a diversified technology and manufacturing company founded in 1902 (incorporated 1929, Delaware), headquartered in Saint Paul, Minnesota. Per its FY2025 10-K, Item 1 (Business), 3M manages its continuing operations in three reportable segments: Safety and Industrial ($11,384M net sales — abrasives, automotive aftermarket, electrical markets, industrial adhesives and tapes, industrial specialties, personal safety/PPE, roofing granules), Transportation and Electronics ($8,272M — advanced materials, automotive and aerospace, commercial branding and transportation, display materials and systems, electronics materials solutions) and Consumer ($4,920M — home and auto care, home improvement, packaging and expression; brands include Post-it, Scotch, Command, Filtrete, Scotch-Brite, Meguiar's, Nexcare). Total company net sales were $24,948M with 60,500 employees. Haram check (factual, from the filing): the 10-K describes no alcohol, tobacco, gambling, adult entertainment, conventional weapons manufacturing, or interest-based financial services businesses. Safety products used by military customers (e.g., PELTOR headsets) are personal protective equipment, not weapons. 3M spun off its former health care business as Solventum (NYSE: SOLV) on April 1, 2024 (Note 2) and retains a minority stake. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per 3M's Q2 2026 10-Q (quarter ended June 30, 2026), interest-bearing debt was $12,551M — short-term borrowings and current portion of long-term debt $1,647M plus long-term debt $10,904M. Against a market cap of about $84.07B ($163.02 last close on October 1, 2026; 515,722,417 shares outstanding), debt ÷ market cap is about 14.93%, comfortably below the ~33% ceiling. Cash and cash equivalents of $2,955M plus marketable securities of $375M ($3,330M combined) are about 3.96% of market cap. Finance lease obligations are not separately disclosed in the 10-Q (only operating lease liabilities: $162M current, $447M noncurrent). Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

3M's FY2025 10-K reports interest income of $232M — separately disclosed in Note 7 (Supplemental Income Statement Information), the breakdown of Other expense (income), net — against total net sales of $24,948M: about 0.93% of revenue, far below the 5% non-compliant income ceiling. The Q2 2026 10-Q (Note 6) likewise discloses interest income as its own line item ($81M for the first six months of 2026). Gate 3 passes on the filings' own figures. Facts only.

Key figures used

Frequently asked questions

What does 3M do?

3M Company (NYSE: MMM), founded in 1902 (incorporated 1929) and headquartered in Saint Paul, Minnesota, is a diversified technology and manufacturing company. Per its FY2025 10-K Item 1 it manages three reportable segments: Safety and Industrial ($11,384M net sales — abrasives, automotive aftermarket, electrical markets, industrial adhesives and tapes, personal safety/PPE, roofing granules), Transportation and Electronics ($8,272M — advanced materials, automotive and aerospace, commercial branding and transportation, display materials and systems, electronics materials solutions), and Consumer ($4,920M — home improvement, home and auto care, packaging and expression; brands include Post-it, Scotch, Command, Filtrete, Scotch-Brite, Meguiar's and Nexcare). Total company net sales were $24,948M in FY2025, with 60,500 employees. 3M spun off its health care business as Solventum (NYSE: SOLV) on April 1, 2024.

Why does 3M pass the business-activity gate?

3M passes the business-activity gate. The FY2025 10-K Item 1 describes industrial materials, electronics and consumer-goods businesses; it discloses no alcohol, tobacco, gambling, adult entertainment, conventional weapons manufacturing, or interest-based financial services. Safety products sold to military users (e.g., PELTOR protective headsets) are personal protective equipment, not weapons manufacturing. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

What is 3M's interest-bearing debt ratio?

Per 3M's Q2 2026 10-Q (quarter ended June 30, 2026), interest-bearing debt was $12,551M — short-term borrowings and current portion of long-term debt $1,647M plus long-term debt $10,904M. Against a market cap of about $84.07B ($163.02 last close on October 1, 2026; 515,722,417 shares outstanding), debt ÷ market cap is about 14.93% — below the ~33% ceiling. Cash and cash equivalents of $2,955M plus marketable securities of $375M ($3,330M combined) are about 3.96% of market cap. Finance lease obligations are not separately disclosed in the 10-Q (operating lease liabilities are: $162M current, $447M noncurrent).

What is 3M's non-compliant income ratio?

3M's FY2025 10-K (Note 7, Supplemental Income Statement Information) separately discloses interest income of $232M against total net sales of $24,948M — about 0.93% of revenue, far below the 5% non-compliant income ceiling. The Q2 2026 10-Q (Note 6) likewise discloses interest income as its own line: $81M for the first six months of 2026. Gate 3 passes on the primary filing's own figures.

Do Zoya, Musaffa, or ShariaPortfolio cover 3M?

Musaffa covers MMM and classifies it "halal" as of October 2026 (musaffa.com/stock/MMM/). Zoya covers MMM (zoya.finance/stocks/mmm), but the page fetched showed a blank rating date and contradictory template text, so no specific Zoya rating is stated here — not invented. No ShariaPortfolio screening page or rating for MMM was found — reported as absent, not invented. This page applies the screen directly from 3M's own filings and reports these positions honestly.

Sources

Screened 2026-10-02 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).