Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is Lowe's Companies, Inc. (LOW) Halal?

FAIL

Lowe's Companies, Inc. · NYSE: LOW · Consumer Discretionary

The short answer

No — Lowe's Companies, Inc. (LOW) fails this Shariah stock screen at Gate 2. Lowe's, headquartered in Mooresville, North Carolina, is the world's second-largest home improvement retailer — 1,759 stores and outlets in the United States plus 540+ branch locations after the 2025 acquisitions of Foundation Building Materials and Artisan Design Group — and its business (home improvement retail, installation services, building-products distribution, interior design) involves no alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance, so Gate 1 passes. But total interest-bearing debt of $37,556M is about 36.70% of its ~$102.33B market cap ($182.38/share, October 1, 2026), above the ~33% ceiling, so Gate 2 fails. Interest income of $121M is about 0.14% of FY2025 net sales ($86,286M), below the 5% ceiling, so Gate 3 passes. Overall result: FAIL. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

Gate 1 — Business activity: PASS

Lowe's Companies, Inc. (NYSE: LOW), headquartered in Mooresville, North Carolina, is a Fortune 100 company and the world's second-largest home improvement retailer (founded 1921, incorporated in North Carolina in 1952, publicly held since 1961). Per its FY2025 10-K, as of January 30, 2026 Lowe's operated 1,759 home improvement stores and outlets in the United States (~196 million square feet of retail selling space), plus over 540 branch locations in the United States and Canada following its 2025 acquisitions of Foundation Building Materials (FBM) and Artisan Design Group (ADG). Its single reportable segment is Retail Home Improvement — home decor, hardlines, and building products sold in stores and online, with installation services; FBM's building-products distribution businesses (operating segments: Ceilings and Wall Systems; Commercial Doors and Hardware) and ADG's Interior Finishes design business do not meet the thresholds for separate reportable segments and sit in 'Other'. Business-screen implication (factual): the entire reported business is home improvement retail and related distribution/design services — none involve alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: FAIL

Per Lowe's Q2 FY2026 Form 10-Q (period ended July 31, 2026; Commission File No. 1-7898), total interest-bearing debt was $37,556M — current maturities of long-term debt $2,352M + long-term debt excluding current maturities $35,204M. Against a market cap of about $102.33B (561,054,019 shares outstanding at 8/25/2026 x $182.38, October 1, 2026, per Finnhub), debt / market cap is about 36.70% — above the ~33% ceiling. Cash and cash equivalents of $3,172M plus short-term investments of $235M total $3,407M, about 3.33% of market cap. Note: debt rose after the 2025 acquisitions of Foundation Building Materials ($8.8B, closed October 2025) and Artisan Design Group ($1.325B, closed June 2025). Gate 2 fails. Facts only.

Gate 3 — Non-compliant income: PASS

Lowe's FY2025 Form 10-K (fiscal year ended January 30, 2026; Commission File No. 1-7898) discloses interest income of $121M in the Management's Discussion breakdown of 'Interest - net' (interest expense $1,471M net of capitalized amounts, less interest income $121M, plus other items = $1,406M net), against FY2025 net sales of $86,286M — about 0.14% of revenue, below the 5% non-compliant income ceiling. Gate 3 passes. Facts only.

Key figures used

Frequently asked questions

What does Lowe's do?

Lowe's Companies, Inc. (NYSE: LOW), headquartered in Mooresville, North Carolina, is a Fortune 100 company and the world's second-largest home improvement retailer, founded in 1921 (first hardware store in North Wilkesboro, North Carolina; incorporated 1952; publicly held since 1961). Per its FY2025 10-K, as of January 30, 2026 Lowe's operated 1,759 home improvement stores and outlets in the United States (~196 million square feet of retail selling space), plus over 540 branch locations in the United States and Canada following the 2025 acquisitions of Foundation Building Materials (FBM) and Artisan Design Group (ADG). Its single reportable segment is Retail Home Improvement (home decor, hardlines, and building products sold in stores and online, with installation services); FBM's building-products distribution businesses and ADG's Interior Finishes design business sit in an 'Other' operating bucket.

Why does Lowe's fail this Shariah stock screen?

Lowe's fails this Shariah stock screen at Gate 2. Gate 1 (business activity): the reportable business is home improvement retail (stores, online, installation services, building-products distribution, interior design) — none involve alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance; Gate 1 passes. Gate 2 (debt): total interest-bearing debt of $37,556M (current maturities of long-term debt $2,352M + long-term debt $35,204M, Q2 FY2026 10-Q) is about 36.70% of its ~$102.33B market cap (561,054,019 shares x $182.38, October 1, 2026, per Finnhub) — above the ~33% ceiling; Gate 2 fails. Gate 3 (non-compliant income): interest income of $121M (FY2025 10-K MD&A note) is about 0.14% of FY2025 net sales ($86,286M) — below the 5% ceiling; Gate 3 passes. Result: FAIL. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

What is Lowe's interest-bearing debt ratio?

Per Lowe's Q2 FY2026 Form 10-Q (period ended July 31, 2026; Commission File No. 1-7898; cover: 561,054,019 shares outstanding at 8/25/2026), total interest-bearing debt was $37,556M — current maturities of long-term debt $2,352M + long-term debt excluding current maturities $35,204M. Against a market cap of about $102.33B (561,054,019 shares x $182.38, October 1, 2026, per Finnhub), debt / market cap is about 36.70% — above the ~33% ceiling, so Gate 2 fails. Cash and cash equivalents of $3,172M plus short-term investments of $235M total $3,407M, about 3.33% of market cap. Note: debt rose after the 2025 acquisitions of Foundation Building Materials ($8.8B, closed October 2025) and Artisan Design Group ($1.325B, closed June 2025). Facts only.

What is Lowe's non-compliant income ratio?

Lowe's FY2025 Form 10-K (fiscal year ended January 30, 2026; Commission File No. 1-7898) discloses interest income of $121M in the Management's Discussion breakdown of 'Interest - net' (interest expense $1,471M net of capitalized amounts, less interest income $121M, plus other items = $1,406M net), against FY2025 net sales of $86,286M — about 0.14% of revenue, below the 5% non-compliant income ceiling, so Gate 3 passes. Facts only.

Do Zoya, Musaffa, or ShariaPortfolio cover Lowe's?

Zoya covers Lowe's at zoya.finance/stocks/low, but its public page renders contradictory auto-generated template text (simultaneously calling LOW 'not Shariah-compliant and therefore considered halal' and 'not Shariah-compliant and therefore not considered halal'), so no clean Zoya rating is retrievable without the app — honestly reported as inconclusive. Zoya's page text also states LOW has $0/no disclosed interest income, which conflicts with the FY2025 10-K MD&A disclosure of $121M interest income — figures differ. Musaffa: no LOW page surfaced in search. ShariaPortfolio: no LOW entry found. All honestly reported as absent/inconclusive, not invented. This page applies the screen directly from Lowe's own SEC filings.

Sources

Screened 2026-10-01 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).