Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is RPM International Inc. (RPM) Halal?

PASS

RPM International Inc. · NYSE: RPM · Materials

The short answer

RPM International passes all three Shariah gates: it manufactures specialty chemicals, coatings, and sealants (no interest-based business), carries about $2,510.8M of interest-bearing debt (19.8% of its ~$12.67 billion market cap), and investment income of about 0.60% of revenue is under the 5% ceiling.

Gate 1 — Business activity: PASS

Gate 1 — business activity: PASS. RPM International Inc., per its FY2026 Form 10-K (fiscal year ended May 31, 2026, filed July 22, 2026), 'manufactures, markets, and sells specialty chemical products' including paints, protective coatings, sealants, roofing systems, concrete admixtures, flooring solutions, and consumer DIY brands such as Rust-Oleum, DAP, and Tremco.

The business is organized into three segments — Construction Products Group ($3.1 billion of net sales), Performance Coatings Group ($2.1 billion), and Consumer ($2.7 billion) — with foreign operations contributing about 29.8% of total net sales and a further 0.9% from direct exports. It employed 17,546 people and spent $97.9 million on R&D in FY2026. It is not an interest-based lender and is not involved in conventional banking or insurance, alcohol, tobacco, gambling, pork, weapons, or adult entertainment. The business passes gate 1.

Gate 2 — Debt and cash: PASS

Gate 2 — interest-bearing debt: PASS (19.8%, ceiling 33%). Per RPM International's FY2026 consolidated balance sheet (May 31, 2026): current portion of long-term debt of $399,790 thousand and long-term debt of $2,111,000 thousand — total interest-bearing debt of about $2,510.8 million. Lease liabilities ($82,610 thousand current plus $355,780 thousand long-term) are excluded — they are not interest-bearing debt.

$2,510.8 million of interest-bearing debt against a market capitalization of about $12.67 billion (Finnhub, October 2, 2026) is about 19.8% — under the 33% ceiling. The 10-K notes the debt-to-capital ratio was 43.3% at May 31, 2026. Cash and investments of $340.59 million at May 31, 2026 represent about 2.7% of market cap.

Gate 3 — Non-compliant income: PASS

Gate 3 — non-compliant income: PASS (0.60%, ceiling 5%). RPM International's FY2026 Form 10-K reports 'Investment (Income), Net' of ($46,889) thousand — net investment income of $46,889 thousand — against net sales of $7,863,422 thousand, about 0.60% — far under the 5% ceiling (interest expense was $111,544 thousand).

Zoya's RPM page reads the 10-K's separately disclosed interest income as $0 against $7,863,422,000 revenue (0%). The most recent annual figure (0.60%) is used for this gate.

Key figures used

Frequently asked questions

What does RPM International do?

RPM International Inc. (NYSE: RPM) is a multinational company that manufactures, markets, and sells specialty chemicals for industrial, specialty, and consumer markets. Per its FY2026 Form 10-K (fiscal year ended May 31, 2026, filed July 22, 2026), its products include paints, protective coatings, sealants, roofing systems, concrete admixtures, flooring solutions, and consumer DIY brands such as Rust-Oleum, DAP, and Tremco. It reports three segments - Construction Products Group, Performance Coatings Group, and Consumer - generated net sales of $7,863,422 thousand in FY2026, with foreign operations contributing about 29.8% of net sales.

Is RPM International's business Shariah compliant?

RPM International manufactures and markets specialty chemical products - paints, protective coatings, sealants, roofing systems, concrete admixtures, flooring solutions, and consumer DIY brands such as Rust-Oleum, DAP, and Tremco. It is not an interest-based lender and is not involved in conventional banking or insurance, alcohol, tobacco, gambling, pork, weapons, or adult entertainment. Assessed on the filed business description, the business passes this screener's first gate.

How much interest-bearing debt does RPM International have?

RPM International's FY2026 Form 10-K balance sheet (May 31, 2026) shows current portion of long-term debt of $399,790 thousand and long-term debt of $2,111,000 thousand - total interest-bearing debt of about $2,510.8 million. Lease liabilities ($82,610 thousand current plus $355,780 thousand long-term) are excluded as they are not interest-bearing debt. Against a market capitalization of about $12.67 billion (Finnhub, October 2, 2026), that is about 19.8% - under the 33% ceiling.

How much interest income does RPM International earn?

RPM International's FY2026 Form 10-K reports 'Investment (Income), Net' of ($46,889) thousand - net investment income of $46,889 thousand - against net sales of $7,863,422 thousand, about 0.60% - under the 5% non-compliant income ceiling. Zoya's RPM page reads the 10-K's separately disclosed interest income as $0 against $7,863,422,000 revenue (0%). The most recent annual figure (0.60%) is used for this gate.

What do third-party Shariah screeners say about RPM International?

Zoya publishes an RPM page citing FY2026 figures (revenue $7,863,422,000; interest income $0) under its AAOIFI methodology, but the compliance rating on the page did not render in a text fetch, so its current rating could not be verified from public sources. I could not verify a Musaffa rating page for RPM or a ShariaPortfolio rating from public sources. Third-party screeners apply different assumptions and update on different schedules, and their results can change when new financial statements are published - always check the latest screening before investing.

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).