Is Finning / FTT Halal?
Finning International Inc. (TSX: FTT) is the world's largest Caterpillar dealer, selling, servicing, and renting heavy equipment across Canada, South America, and the UK & Ireland. It's a straightforward industrial distributor — with ratios to match.
The two-gate Shariah screen
Every screener on this site runs the same two gates: first, the business must be halal (no conventional insurance, banking, alcohol, gambling, and the like); second, the financial ratios must clear (debt under roughly 33% of market cap, non-compliant income under roughly 5%).
Gate one: the business — PASS
Finning's one principal business is the sale, service, and rental of heavy equipment, engines, and related products — new equipment, used equipment, equipment rental, and product support (parts and service) across its three regions. None of these are prohibited business activities. Customer equipment financing is provided through Caterpillar Financial, a separate entity, not on Finning's own books. Gate one: PASS.
Gate two: the ratios — PASS
Debt-to-market-cap: ~16.9% (ceiling ~33%) — PASS. At June 30, 2026, Finning reported C$919 million of short-term debt, C$464 million of current long-term debt, and C$923 million of long-term debt — C$2,306 million in total, against C$280 million of cash. With TSX: FTT at about C$106.06 and 130.117 million shares outstanding, the market cap is near C$13.6 billion — roughly 16.9% debt-to-market-cap, under the ~33% ceiling (roughly 19.1% including C$299 million of long-term lease liabilities). Net debt to adjusted EBITDA was 1.6 times.
Interest income: not separately disclosed (ceiling ~5%) — PASS. Finning's Q2 2026 reporting discloses finance costs of C$35 million but reports no separate finance/interest income line — interest income is not separately verifiable from the filing. Gate two: PASS.
The bottom line
This screener gives Finning International Inc. (TSX: FTT) a PASS. Q2 2026 (reported August 5, 2026) was record-setting — revenue of C$3,130 million, up 20%, and EPS of C$1.22 — funded on a balance sheet that stays well clear of the debt ceiling. No public Shariah rating from Zoya, Musaffa, or ShariaPortfolio was located for this ticker; this is our independent screening, not a fatwa. Snapshot dated September 28, 2026; re-checked quarterly after earnings.
What could flip it: a sharp debt-financed acquisition or a steep share-price fall would be the things to watch at the ~16.9% debt ratio. See all the screeners on the screeners hub.
Frequently asked questions
Is Finning stock halal?
This screener gives Finning International Inc. (TSX: FTT) a PASS. The Caterpillar equipment dealer's sales, service, rental, and product support businesses clear the business-activity screen; debt of C$2,306 million against a market cap near C$13.6 billion is roughly 16.9%, under the ~33% AAOIFI ceiling; and the company reports no separately disclosed interest income. This is an independent screening, not a fatwa.
What are Finning's debt and market-cap figures?
At June 30, 2026, Finning reported C$919 million of short-term debt, C$464 million of current long-term debt, and C$923 million of long-term debt — C$2,306 million in total, against C$280 million of cash. With TSX: FTT at about C$106.06 and 130.117 million shares outstanding, the market cap is near C$13.6 billion, so debt is roughly 16.9% of market cap — under the ~33% AAOIFI ceiling (roughly 19.1% including C$299 million of long-term lease liabilities).
Does Finning earn interest income?
Finning's Q2 2026 reporting discloses finance costs of C$35 million but no separately reported finance/interest income line, so interest income is not separately verifiable from the filing. No interest-income line is reported against Q2 2026 revenue of C$3,130 million. Equipment financing for customers is offered through Caterpillar Financial, a separate entity.
What could change Finning's halal screener?
A sharp debt-financed expansion, a large equity-value fall, or new material interest-bearing income could push the ratios toward the ~33% debt or ~5% income ceilings. This screener is a snapshot dated September 28, 2026 and is re-checked quarterly after earnings; Q3 2026 results are due around early November 2026.
What do Zoya, Musaffa, and ShariaPortfolio say?
No verified current third-party verdict on Finning was found in public sources during our September 2026 research — not on Zoya, Musaffa, or ShariaPortfolio. Our PASS result is an independent application of the AAOIFI-style screen; consult a scholar or screener of your choice before investing.