Annotated balance sheet · halal screening

Dow Inc.

The full balance sheet for DOW, with the line items that feed each halal check marked and explained inline. Read it like a financial report that grades itself.

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Annotated balance sheet · halal screening

Dow Inc. — Q1 2026

Source: SEC Form 10-Q filed 2026-03-31 · via FMP · USD millions · Open filing

Assets

Current Assets

Cash & cash equivalents①

$4,110

Marketable securities①

Accounts receivable

$7,409

Inventories

$6,775

Other current assets

$1,175

Total current assets

$19,469

Non-current Assets

Property, plant & equipment, net②tangible

$22,108

Operating lease right-of-use assets②tangible

Long-term marketable securities①

$4,590

Goodwill

$7,947

Intangible assets, net

$1,426

Other non-current assets

$2,715

Total non-current assets

$38,786

TOTAL ASSETS

$59,780

CHECK ①

Cash + Securities Ratio

under AAOIFI

37.6%

✗ FAIL

Threshold≤ 30%Shortfall7.6 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →45%

Caps how much of a company's value can be held in interest-bearing financial assets — too much suggests the business is more about earning interest than producing real goods/services.

SourceAAOIFI Shariah Standard No. 21 (Financial Papers — Shares and Bonds), §3.5.1

Liabilities

Current Liabilities

Accounts payable

$4,769

Other current liabilities

$344

Deferred revenue

Commercial paper③interest-bearing

Short-term debt③interest-bearing

$881

Total current liabilities

$5,994

Non-current Liabilities

Long-term debt③interest-bearing

$17,254

Other non-current liabilities

$13,733

Total non-current liabilities

$30,987

TOTAL LIABILITIES

$43,017

CHECK ③

Interest-bearing Debt Ratio

under AAOIFI

78.4%

✗ FAIL

Threshold≤ 30%Shortfall48.4 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →86%

Caps how much of a company's value comes from interest-bearing loans. Companies that rely heavily on riba (interest-based debt) fail this check even if their business itself is permissible.

SourceAAOIFI Shariah Standard No. 21 (Financial Papers — Shares and Bonds), §3.4.2

Income Statement Excerpt (trailing 12 months)

Total revenue

$39,331

Of which:

Product & services revenue

$39,331

Interest income④non-permissible

$166

CHECK ④

Non-permissible Income Ratio

under AAOIFI

0.4%

✓ PASS

Threshold≤ 5%Buffer4.6 percentage points to spare

Breach risk

Comfortable

0%← Pass zone | Fail zone →8%

Caps what fraction of company revenue can come from non-permissible sources. If your stock passes but interest income is high, you'd 'purify' your share of that income through charity.

SourceAAOIFI Shariah Standard No. 21 (Financial Papers — Shares and Bonds), §3.6

Final verdict — under AAOIFI Standard

Borderline

Sector check passes: ✓ yes

Want to verify against the primary document? Open full SEC filing

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