Is ICL Group Ltd. (ICL) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 36.0% / 30% | 6.9% / 30% | 22.9% / 30% | 0.58% / 5% | ✗ NOT HALAL |
| DJIM | 36.0% / 33% | 6.9% / 33% | 22.9% / 33% | 0.58% / 5% | ✗ NOT HALAL |
| MSCI | 20.3% / 33% | 3.9% / 33% | 12.9% / 33% | 0.58% / 5% | ✓ HALAL |
| S&P | 36.0% / 33% | 6.9% / 33% | 22.9% / 33% | 0.58% / 5% | ✗ NOT HALAL |
| FTSE | 20.3% / 33% | 3.9% / 33% | 12.9% / 50% | 0.58% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 30.6% | |
| Operating Margin | 6.3% | |
| Net Margin | 3.2% | |
| Return on Equity (ROE) | 4.6% | |
| Return on Assets (ROA) | 3.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $1.1B |
| Free Cash Flow | $232M |
| Total Debt | $2.8B |
| Debt-to-Equity | 44.2 |
| Current Ratio | 1.3 |
| Total Assets | $12.4B |
Price & Trading
| Last Close | $5.18 |
| 50-Day MA | $5.32 |
| 200-Day MA | $5.92 |
| Avg Volume | 1.6M |
| Beta | 1.0 |
|
52-Week Range
$4.76
| |
About ICL Group Ltd. (ICL)
ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. The company operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; sells various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products. The Potash segment produces and sells potash, salt, magnesium, electricity, and magnesium alloys; as well as chlorine and sylvinite. The Phosphate segment uses phosphate commodity products to produce specialty products; sells phosphate-based fertilizers, as well as sulphuric and green phosphoric acid, and phosphate fertilizers; and offers phosphate salts and acids. It also develops and produces functional food ingredients and phosphate additives. The Growing Solutions segment develops, manufactures, markets, and sells fertilizers based primarily on nitrogen, potash, and phosphate, including water-soluble specialty, and controlled-release fertilizers, as well as secondary nutrients, bio-stimulants, soil conditioners, seed treatment products, and adjuvants. It also offers digital platforms and technological solutions for farmers and agronomists. The company serves pharmaceutical, food, oil and gas, de-icing, building and construction, oral care, paints and coatings, energy storage, water treatment, electronics, automotive, agriculture, textiles, tire manufacturing, and healthcare industries, as well as power plants and battery producers. It sells its products through marketing companies, agents, and distributors. The company was formerly known as Israel Chemicals Ltd. and changed its name to ICL Group Ltd in May 2020. The company was incorporated in 1968 and is headquartered in Tel Aviv-Yafo, Israel.
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Frequently Asked Questions
Is ICL Group Ltd. (ICL) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ICL Group Ltd. 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 ICL Group Ltd.'s debt ratio?
ICL Group Ltd.'s debt ratio is 36.0% 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 20.3%.
What are ICL Group Ltd.'s key financial metrics?
ICL Group Ltd. has a market capitalization of $6.7B, trailing P/E ratio of 28.9, and revenue of $7.2B. The company maintains a gross margin of 30.6% and a net margin of 3.2%. Return on equity stands at 4.6%.
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.