NYSE Shariah screener · October 2026
Is PPG Industries, Inc. (PPG) Halal?
PPG Industries, Inc. · NYSE: PPG · Materials
The short answer
PPG Industries passes all three Shariah gates: a clean paints and coatings business, debt of $7,307 million at 30.7% of its ~$23.79 billion market cap (under the 33% ceiling, though close enough to watch), and interest and investment income of $153 million at 0.96% of revenue.
Gate 1 — Business activity: PASS
Gate 1 — business activity: PASS. PPG Industries, Inc., per its FY2025 Form 10-K (filed February 19, 2026), is a global manufacturer of paints, coatings and specialty materials (founded 1883, Pittsburgh), operating Performance Coatings and Industrial Coatings segments serving automotive, aerospace, construction, electronics and packaging markets.
No haram segments were identified: no alcohol, tobacco, gambling, weapons or adult-entertainment lines are disclosed. The business passes gate 1.
Gate 2 — Debt and cash: PASS
Gate 2 — interest-bearing debt: PASS (30.7%, ceiling 33%). Per PPG's FY2025 Form 10-K consolidated balance sheet, short-term debt was $4 million, current portion of long-term debt $700 million, and long-term debt $6,603 million - total debt of about $7,307 million.
$7,307 million against a market capitalization of about $23.79 billion (Finnhub, October 2, 2026; NYSE: PPG) is about 30.7% - under the 33% ceiling, though close to it: a falling share price could push this ratio over the ceiling, so it bears watching.
Gate 3 — Non-compliant income: PASS
Gate 3 — non-compliant income: PASS (0.96%, ceiling 5%). PPG's FY2025 Form 10-K reports interest and investment income of $153 million against revenue of $15,875 million - about 0.96%, well under the 5% ceiling.
Key figures used
- Business: global paints, coatings and specialty materials manufacturer (founded 1883) — Performance Coatings, Industrial Coatings; automotive, aerospace, construction, electronics, packaging (FY2025 10-K)
- Haram assessment: no haram segments identified (no alcohol/tobacco/gambling/weapons/adult lines) — business-activity gate passes
- Debt: $4M short-term + $700M current portion + $6,603M long-term = $7,307M (FY2025 10-K) ÷ ~$23.79B market cap (Finnhub, Oct 2, 2026) = 30.7% — under the 33% ceiling but close; watch on price falls
- Interest income: $153M interest and investment income ÷ $15,875M revenue = 0.96% — under the 5% ceiling
- Market data: NYSE-listed (PPG); actively listed, confirmed October 2, 2026; Finnhub XNYS live quote; no delisting
- Third-party: Zoya rates PPG Shariah-compliant / halal (AAOIFI), confirming $153M / 0.96% — consistent with this PASS; no verifiable Musaffa or ShariaPortfolio rating
Frequently asked questions
What does PPG Industries do?
PPG Industries, Inc. (NYSE: PPG, founded 1883, Pittsburgh) is a global manufacturer of paints, coatings and specialty materials. Per its FY2025 Form 10-K, it operates Performance Coatings and Industrial Coatings segments serving automotive, aerospace, construction, electronics and packaging markets.
Is PPG Industries' business Shariah compliant?
PPG's business shows no haram segments: it manufactures paints, coatings and specialty materials for industrial and consumer markets, with no alcohol, tobacco, gambling, weapons or adult-entertainment lines disclosed. The business-activity gate passes.
How much interest-bearing debt does PPG Industries have?
PPG's FY2025 Form 10-K reports short-term debt of $4 million, current portion of long-term debt of $700 million, and long-term debt of $6,603 million - total debt of about $7,307 million. Against a market capitalization of about $23.79 billion (Finnhub, October 2, 2026), that is about 30.7% - under the 33% ceiling, though close to it.
How much interest income does PPG Industries earn?
PPG's FY2025 Form 10-K reports interest and investment income of $153 million against revenue of $15,875 million - about 0.96%, well under the 5% non-compliant income ceiling.
What do third-party Shariah screeners say about PPG Industries?
Zoya rates PPG as Shariah-compliant / halal (AAOIFI), confirming the same $153 million / 0.96% figures - consistent with this page's PASS. I could not verify a Musaffa rating page for PPG or a ShariaPortfolio rating from public sources. Third-party screeners apply different assumptions and update on different schedules - always check the latest screening before investing.
Sources
- PPG Industries FY2025 Form 10-K — filed Feb 19, 2026 (balance sheet via SEC-filing-derived tables)
- Finnhub — PPG Industries financial market data (XNYS, market cap $23.79B, live quote Oct 2, 2026)
- Zoya — PPG Industries (PPG) Shariah compliance page (Shariah-compliant, AAOIFI)
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).