SUM
Summit Materials, Inc.
Is SUM Halal?
Aggregates and cement producer — a permissible building-materials business, with acquisition debt to screen.
What You Should Know
Summit Materials, Inc. is a building-materials company that produces aggregates, cement, ready-mixed concrete, and asphalt and provides related construction services across the United States and Canada. Producing building materials is a clearly permissible activity with no haram revenue line of its own. Summit has grown through acquisitions and carries debt to fund them, so its total-debt-to-market-cap ratio is the primary screening item and should be confirmed against the 33% threshold using the latest filings. Interest income on cash is incidental and should be checked against the 5% threshold and the corresponding portion of returns purified. As a materials producer, Summit's results are cyclical with construction and infrastructure demand.
⚠️ Concerns
- •Carries acquisition- and capacity-related debt — confirm total debt / market cap stays under the 33% threshold against the latest filings
- •Incidental interest income on cash should be checked against the 5% threshold and the corresponding portion of returns purified
- •Cyclical with construction and infrastructure demand — re-screen the ratios periodically
- •Re-screen the financial ratios periodically
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →