Is ASHLAND INC. (ASH) Halal?
Shariah Screening — 5 Standards
Based on financial data from September 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 58.7% / 30% | 8.5% / 30% | 9.5% / 30% | 0.27% / 5% | ✗ NOT HALAL |
| DJIM | 58.7% / 33% | 8.5% / 33% | 9.5% / 33% | 0.27% / 5% | ✗ NOT HALAL |
| MSCI | 32.3% / 33% | 4.7% / 33% | 5.2% / 33% | 0.27% / 5% | ✓ HALAL |
| S&P | 58.7% / 33% | 8.5% / 33% | 9.5% / 33% | 0.27% / 5% | ✗ NOT HALAL |
| FTSE | 32.3% / 33% | 4.7% / 33% | 5.2% / 50% | 0.27% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 33.9% | |
| Operating Margin | 1.0% | |
| Net Margin | -38.3% | |
| Return on Equity (ROE) | -30.0% | |
| Return on Assets (ROA) | 2.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $94M |
| Free Cash Flow | -$4M |
| Total Debt | $1.5B |
| Debt-to-Equity | 79.3 |
| Current Ratio | 3.2 |
| Total Assets | $4.6B |
Price & Trading
| Last Close | $54.20 |
| 50-Day MA | $58.92 |
| 200-Day MA | $54.51 |
| Avg Volume | 666K |
| Beta | 0.4 |
|
52-Week Range
$45.21
| |
About ASHLAND INC. (ASH)
Ashland Inc. provides additives and specialty ingredients in the North and Latin America, Europe, Asia Pacific, and internationally. It operates through Life Sciences, Personal Care, Specialty Additives, and Intermediates segments. The Life Sciences segment offers pharmaceutical solutions, including controlled release polymers, disintegrants, tablet coatings, thickeners, solubilizers, and tablet binders; and nutrition solutions, such as thickeners, stabilizers, emulsifiers, and additives; agricultural chemicals; diagnostic films; and fine chemicals. Its Personal Care segment provides a range of natural, nature-derived, biodegradable, and performance ingredients; solutions for toothpastes, mouth washes and rinses, denture cleaning, and care for teeth; and household supplies nature-derived rheology ingredients, biodegradable surface wetting agents, performance encapsulates, and specialty polymers. The Specialty Additives segment offers rheology modifiers, foam control agents, surfactants and wetting agents, pH neutralizers, advanced ceramics used in catalytic converters, environmental filters, ingredients for the manufacturing of ceramic capacitors, plasma display panels and solar cells, ingredients for textile printing, thermoplastic metals, and alloys for welding. Its Intermediates segment produces 1,4 butanediol and related derivatives, including n-methylpyrrolidone. It offers its products to customers in a range of consumer and industrial markets, such as architectural coatings, construction, energy, food and beverage, personal care, and pharmaceutical. The company was formerly known as Ashland Global Holdings Inc. and changed its name to Ashland Inc. in August 2022. Ashland Inc. was founded in 1924 and is headquartered in Wilmington, Delaware.
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Frequently Asked Questions
Is ASHLAND INC. (ASH) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ASHLAND INC. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is ASHLAND INC.'s debt ratio?
ASHLAND INC.'s debt ratio is 58.7% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 32.3%.
What are ASHLAND INC.'s key financial metrics?
ASHLAND INC. has a market capitalization of $2.4B, and revenue of $1.8B. The company maintains a gross margin of 33.9% and a net margin of -38.3%. Return on equity stands at -30.0%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.