NYSE Shariah screener · October 2026

Is Illinois Tool Works Inc. (ITW) Halal?

PASS

Illinois Tool Works Inc. · NYSE: ITW · Industrials

The short answer

Yes - Illinois Tool Works Inc. (ITW) passes this Shariah stock screen on all three gates. The FY2025 10-K describes a diversified industrial manufacturer across seven segments (Automotive OEM, Food Equipment, Test & Measurement and Electronics, Welding, Polymers & Fluids, Construction Products, Specialty Products) with no disclosed alcohol, tobacco, gambling, conventional-finance, pork or weapons lines, so the business-activity gate passes. Interest-bearing debt of $8,969M (short-term debt $2,286M plus long-term debt $6,683M) is about 11.93% of its roughly $75.17B market cap ($260.84 on October 2, 2026; 288.2M shares), below the roughly 33% ceiling. Separately disclosed interest income of $40M (Note 5) is about 0.25% of $16,044M operating revenue, below the 5% ceiling. Zoya and Musaffa both rate ITW halal as of October 2026; no ShariaPortfolio rating was found - honestly reported as absent, not invented.

Gate 1 — Business activity: PASS

Illinois Tool Works Inc. (NYSE: ITW) is a diversified industrial manufacturer - founded in 1912, headquartered in Glenview, Illinois, with 88 divisions in 49 countries and about 43,000 employees (FY2025 10-K, filed February 13, 2026). Its seven reportable segments are Automotive OEM (plastic and metal components, fasteners and assemblies for automobiles and light trucks); Food Equipment (commercial warewashing, cooking, refrigeration and food processing equipment); Test & Measurement and Electronics (test and measurement equipment and consumables, electronic assembly equipment, static control); Welding (arc welding equipment, consumables and accessories); Polymers & Fluids (adhesives, sealants, lubricants, auto aftermarket fluids); Construction Products (engineered fastening systems, anchors, truss components); and Specialty Products (beverage packaging equipment, product coding and marking, airport ground support, medical device components). Haram check (factual, from the filing): Item 1 discloses no alcohol, tobacco, gambling, conventional-finance, pork or weapons segments - the business is diversified industrial manufacturing and equipment. No haram segment disclosed. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per the FY2025 10-K (December 31, 2025), interest-bearing debt was $8,969M - short-term debt $2,286M plus long-term debt $6,683M; the balance sheet discloses no separate finance-lease line. Against a market cap of about $75.17B ($260.84 on October 2, 2026; 288.2 million shares outstanding per the 10-K cover at January 31, 2026), debt divided by market cap is about 11.93%, well below the roughly 33% ceiling. Cash and cash equivalents of $851M are about 1.13% of market cap. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

The FY2025 10-K discloses interest income as a separately stated line in Note 5 (Other income (expense)): interest income of $40M for 2025, against operating revenue of $16,044M - about 0.25% of revenue, far below the 5% non-compliant income ceiling. Gate 3 passes. Facts only.

Key figures used

Frequently asked questions

What does Illinois Tool Works do?

Illinois Tool Works Inc. (NYSE: ITW), founded in 1912 and headquartered in Glenview, Illinois, is a Fortune 300 diversified manufacturer of industrial products and equipment with 88 divisions in 49 countries and about 43,000 employees (FY2025 10-K). Its seven reportable segments are Automotive OEM (plastic and metal components, fasteners and assemblies for automobiles and light trucks); Food Equipment (commercial warewashing, cooking, refrigeration and food processing equipment); Test & Measurement and Electronics (test and measurement equipment and consumables, electronic assembly equipment, static control); Welding (arc welding equipment, consumables and accessories); Polymers & Fluids (adhesives, sealants, lubricants, auto aftermarket fluids); Construction Products (engineered fastening systems, anchors, truss components); and Specialty Products (beverage packaging equipment, product coding and marking, airport ground support, medical device components). FY2025 operating revenue was $16,044M.

Why does Illinois Tool Works pass this Shariah stock screen?

ITW passes all three gates. Gate 1 (business activity): the FY2025 10-K Item 1 discloses seven industrial-manufacturing segments and no alcohol, tobacco, gambling, conventional finance, pork or weapons lines, so no haram segment is disclosed. Gate 2 (debt): interest-bearing debt of $8,969M is about 11.93% of its roughly $75.17B market cap ($260.84 on October 2, 2026; 288.2M shares), below the roughly 33% ceiling. Gate 3 (non-compliant income): separately disclosed interest income of $40M is about 0.25% of $16,044M operating revenue, below the 5% ceiling. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

What is Illinois Tool Works's interest-bearing debt ratio?

Per the FY2025 10-K (December 31, 2025), interest-bearing debt was $8,969M - short-term debt $2,286M plus long-term debt $6,683M; the balance sheet discloses no separate finance-lease line. Against a market cap of about $75.17B ($260.84 on October 2, 2026; 288.2 million shares outstanding per the 10-K cover at January 31, 2026), debt divided by market cap is about 11.93% - well below the roughly 33% ceiling. Cash and equivalents of $851M are about 1.13% of market cap.

What is Illinois Tool Works's non-compliant income ratio?

The FY2025 10-K discloses interest income as a separately stated line: Note 5 (Other income (expense)) reports interest income of $40M for 2025, against operating revenue of $16,044M - about 0.25% of revenue, far below the 5% non-compliant income ceiling. Gate 3 passes.

Do Zoya, Musaffa, or ShariaPortfolio cover Illinois Tool Works?

Zoya covers ITW and rates it Shariah-compliant (halal to invest in) as of October 2026 (zoya.finance/stocks/itw). Musaffa covers ITW as halal as of October 2026 (musaffa.com/stock/ITW/). No ShariaPortfolio screening page or rating for ITW was found - reported as absent, not invented. This page applies the screen directly from ITW'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.