Is Zurn Elkay Water Solutions Corp (ZWS) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 7.0% / 30% | 3.8% / 30% | 2.5% / 30% | 0.21% / 5% | ✓ HALAL |
| DJIM | 7.0% / 33% | 3.8% / 33% | 2.5% / 33% | 0.21% / 5% | ✓ HALAL |
| MSCI | 20.6% / 33% | 11.2% / 33% | 7.4% / 33% | 0.21% / 5% | ✓ HALAL |
| S&P | 7.0% / 33% | 3.8% / 33% | 2.5% / 33% | 0.21% / 5% | ✓ HALAL |
| FTSE | 20.6% / 33% | 11.2% / 33% | 7.4% / 50% | 0.21% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 45.1% | |
| Operating Margin | 15.9% | |
| Net Margin | 11.7% | |
| Return on Equity (ROE) | 12.1% | |
| Return on Assets (ROA) | 6.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $346M |
| Free Cash Flow | $317M |
| Total Debt | $553M |
| Debt-to-Equity | 34.5 |
| Current Ratio | 3.1 |
| Total Assets | $2.7B |
Price & Trading
| Last Close | $44.81 |
| 50-Day MA | $48.18 |
| 200-Day MA | $45.30 |
| Avg Volume | 998K |
| Beta | 0.8 |
|
52-Week Range
$27.74
| |
About Zurn Elkay Water Solutions Corp (ZWS)
Zurn Elkay Water Solutions Corporation engages in design, procurement, manufacture, and marketing of water management solutions in the United States, Canada, and internationally. It offers water dispensing and filtration products, such as filtered bottle filling stations, water fountains and water dispensers, and filtered faucets under the Elkay and Halsey Taylor brand names; filtered units including water filters; and water safety and control products, such as backflow preventers, fire system valves, pressure reducing valves, and thermostatic mixing valves under the Zurn and Wilkins brand names. The company also provides flow systems products comprising point drains, hydrants, fixture carrier systems, and chemical drainage systems; and oil and grease interceptors and separators, acid neutralization systems, and remote monitoring systems under the Zurn, Green Turtle, and Wade brands. In addition, it offers sensor operated flush valves under the Aquaflush, AquaSense, and AquaVantage brands; heavy-duty commercial faucets under the AquaSpec brand; flush valves and faucets under the Hydro X Power brands; water conserving fixtures under the EcoVantage and Zurn One brands; stainless steel, quartz, fireclay-ceramic, and cast iron sinks under the Elkay brand name; stainless steel sinks and plumbing fixtures under the Just brand; restroom partition systems and lockers under the Hadrian brand name; and hand dryers. Further, the company offers its products to institutional, commercial, waterworks, and residential end markets through independent sales representatives, plumbing wholesalers, and industry-specific distributors in the waterworks, foodservice, industrial, janitorial, sanitation, and sitework industries. The company was formerly known as Zurn Water Solutions Corporation and changed its name to Zurn Elkay Water Solutions Corporation in July 2022. Zurn Elkay Water Solutions Corporation was founded in 1900 and is headquartered in Milwaukee, Wisconsin.
Purification Calculator
As a halal stock with 0.21% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Zurn Elkay Water Solutions Corp (ZWS) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Zurn Elkay Water Solutions Corp 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 Zurn Elkay Water Solutions Corp's debt ratio?
Zurn Elkay Water Solutions Corp's debt ratio is 7.0% 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 20.6%.
Does Zurn Elkay Water Solutions Corp require dividend purification?
Yes, Zurn Elkay Water Solutions Corp has an impermissible income ratio of 0.21%, which means 0.21% 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 Zurn Elkay Water Solutions Corp's key financial metrics?
Zurn Elkay Water Solutions Corp has a market capitalization of $7.4B, trailing P/E ratio of 39.6, and revenue of $1.7B. The company maintains a gross margin of 45.1% and a net margin of 11.7%. Return on equity stands at 12.1%.
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.