Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is Republic Services, Inc. (RSG) Halal?

PASS

Republic Services, Inc. · NYSE: RSG · Industrials

The short answer

Yes - Republic Services, Inc. (RSG) passes this Shariah stock screen on all three gates. The business is environmental services - recycling, waste collection, transfer, disposal, and landfill gas-to-energy projects - with no haram segments disclosed in its FY2025 10-K (filed February 18, 2026). Interest-bearing debt of $13,581M is about 21.0% of its ~$64.6B market cap (September 30, 2026), below the ~33% ceiling. Interest income of $8M - separately disclosed on the 10-K income statement - is about 0.05% of total revenue ($16,591M), below the 5% ceiling. Third-party coverage: Zoya maintains an RSG page but no definitive compliance rating could be read from it; no Musaffa or ShariaPortfolio rating was found.

Gate 1 — Business activity: PASS

Republic Services, Inc. (NYSE: RSG) is one of North America's largest environmental-services providers, headquartered in Phoenix, Arizona - per the FY2025 10-K Item 1. It operates 377 collection operations, 255 transfer stations, 79 recycling centers, and 207 active landfills across the US and Canada, plus 84 landfill gas-to-energy and renewable-energy projects and sustainability businesses (Polymer Centers, Blue Polymers joint venture). Haram flags checked (factual, from the filings): the 10-K discloses no alcohol, tobacco, gambling, weapons, pork, or interest-based lending businesses. Nothing in the filings suggests a haram segment. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per Republic Services' FY2025 10-K (year ended December 31, 2025, filed February 18, 2026), interest-bearing debt was $13,581M - notes payable and current maturities of long-term debt $596M plus long-term debt, net of current maturities, $12,985M on the consolidated balance sheet. Against a market cap of about $64.6B (as of September 30, 2026), debt / market cap is about 21.0%, below the ~33% ceiling. Cash and cash equivalents were $76M at December 31, 2025 (plus $259M restricted cash and marketable securities). Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

Republic Services' FY2025 10-K discloses interest income of $8M as a separate line on the consolidated statements of income, against total revenue of $16,591M - about 0.05% of revenue, far below the 5% non-compliant income ceiling. Gate 3 passes on a directly disclosed figure. Facts only.

Key figures used

Frequently asked questions

What does Republic Services do?

Republic Services, Inc. (NYSE: RSG), headquartered in Phoenix, Arizona, is one of North America's largest environmental-services providers. Per the FY2025 10-K, it operates 377 collection operations, 255 transfer stations, 79 recycling centers, and 207 active landfills across the US and Canada, plus landfill gas-to-energy and renewable-energy projects and sustainability businesses (Polymer Centers, Blue Polymers JV). The filings disclose no alcohol, tobacco, gambling, weapons, pork, or interest-based lending businesses.

Why does Republic Services pass this Shariah stock screen?

Republic Services passes all three gates from its own filings. Gate 1: the business is recycling, waste collection, transfer, disposal, and environmental solutions - no haram segments are disclosed in the FY2025 10-K. Gate 2: interest-bearing debt of $13,581M is about 21.0% of its ~$64.6B market cap (September 30, 2026), below the ~33% ceiling. Gate 3: separately disclosed interest income of $8M is about 0.05% of total revenue ($16,591M, FY2025), below the 5% ceiling. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

What is Republic Services' interest-bearing debt ratio?

Per Republic Services' FY2025 10-K (year ended December 31, 2025, filed February 18, 2026), interest-bearing debt was $13,581M - notes payable and current maturities of long-term debt $596M plus long-term debt, net of current maturities, $12,985M on the consolidated balance sheet. Against a market cap of about $64.6B (as of September 30, 2026), debt / market cap is about 21.0% - below the ~33% ceiling. Cash and cash equivalents were $76M at December 31, 2025 (plus $259M restricted cash and marketable securities).

What is Republic Services' non-compliant income ratio?

Republic Services' FY2025 10-K discloses interest income of $8M as a separate line on the consolidated statements of income, against total revenue of $16,591M - about 0.05% of revenue, far below the 5% non-compliant income ceiling. Gate 3 passes on a directly disclosed figure.

Do Zoya, Musaffa, or ShariaPortfolio cover Republic Services?

Zoya maintains a page for RSG (zoya.finance/stocks/rsg) showing FY2025 revenue $16,591M and interest income $8M (matching the 10-K), but the page text did not render a definitive dated compliance rating - reported as unread, not invented. No Musaffa stock page or rating for the NYSE-listed Republic Services was found (the only RSG hit on musaffa.com is a different Canadian company) - reported as absent, not invented. No ShariaPortfolio screening page or rating for RSG was found - reported as absent, not invented. This page applies the screen directly from Republic Services' own SEC filings.

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).