ACM

What You Should Know

AECOM is a global infrastructure consulting firm providing planning, design, engineering, program management, and construction-management services for transportation, water, environmental, energy, and buildings projects across the public and private sectors. Providing engineering and professional consulting services is a clearly permissible activity with no haram revenue line of its own. After exiting its self-perform construction business, AECOM operates a professional-services model. The main screening item is the balance sheet: AECOM carries a moderate debt load, so its total-debt-to-market-cap ratio should be confirmed against the 33% threshold using the latest filings; it has generally screened within range. As a services firm the receivables ratio (unbilled and billed receivables) is worth checking, and incidental interest income on cash should be checked against the 5% threshold and the corresponding portion of returns purified.