Is CCL Industries (CCL-B) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 16.3% / 30% | 5.5% / 30% | 8.7% / 30% | 0.5% / 5% | ✓ HALAL |
| DJIM | 16.3% / 33% | 5.5% / 33% | 8.7% / 33% | 0.5% / 5% | ✓ HALAL |
| MSCI | 24.8% / 33% | 8.3% / 33% | 13.2% / 33% | 0.5% / 5% | ✓ HALAL |
| S&P | 16.3% / 33% | 5.5% / 33% | 8.7% / 33% | 0.5% / 5% | ✓ HALAL |
| FTSE | 24.8% / 33% | 8.3% / 33% | 13.2% / 50% | 0.5% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 30.0% | |
| Operating Margin | 13.2% | |
| Net Margin | 10.5% | |
| Return on Equity (ROE) | 14.7% | |
| Return on Assets (ROA) | 7.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $1.3B |
| Free Cash Flow | $863M |
| Total Debt | $2.3B |
| Debt-to-Equity | 40.1 |
| Current Ratio | 1.4 |
| Total Assets | $10.1B |
Price & Trading
| Last Close | CAD 86.73 |
| 50-Day MA | CAD 86.85 |
| 200-Day MA | CAD 82.51 |
| Avg Volume | 352K |
| Beta | 0.6 |
|
52-Week Range
CAD 64.93
| |
About CCL Industries (CCL-B)
CCL Industries Inc. manufactures and sells labels, consumer printable media products, technology-driven label solutions, polymer banknote substrates, and specialty films. It operates through four segments, CCL, Avery, Checkpoint, and Innovia. The CCL segment converts pressure sensitive and extruded film materials for a range of decorative, instructional, security, and functional applications for government institutions and global customers in consumer packaging, healthcare, chemicals, consumer durables, electronic devices, and automotive markets; and extruded and labeled plastic tubes, aluminum aerosols and specialty bottles, folded instructional leaflets, specialty folded cartons, precision engineered and die cut components, electronic displays, polymer banknote substrate, and other complementary products and services. The Avery segment supplies labels, specialty converted media, and software solutions to enable short-run digital printing in businesses and homes alongside complementary products sold through distributors, mass-market stores, and e-commerce retailers; print media products; pressure sensitive tapes; and horticultural labels and tags. The Checkpoint segment engages in developing radio frequency and radio frequency identification-based solutions; electronic-article-surveillance systems, including hardware, software, labels and tags for loss prevention and inventory control systems; apparel labels and tags; and hand-held pricing tools and labels and promotional in-store displays. The Innovia segment supplies specialty, multi-layer, surface-engineered films to customers in the pressure sensitive materials, flexible packaging, and consumer packaged goods industries. The company operates in Canada, the United States, Puerto Rico, Mexico, Brazil, Chile, Argentina, Europe, Asia, Australia, the Middle East, Africa, and New Zealand. CCL Industries Inc. was founded in 1951 and is headquartered in Toronto, Canada.
Purification Calculator
As a halal stock with 0.50% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is CCL Industries (CCL-B) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), CCL Industries is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is CCL Industries's debt ratio?
CCL Industries's debt ratio is 16.3% 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 24.8%.
Does CCL Industries require dividend purification?
Yes, CCL Industries has an impermissible income ratio of 0.50%, which means 0.50% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are CCL Industries's key financial metrics?
CCL Industries has a market capitalization of $15.0B, trailing P/E ratio of 18.9, and revenue of $7.7B. The company maintains a gross margin of 30.0% and a net margin of 10.5%. Return on equity stands at 14.7%.
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.