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September 2, 2014 | Dhul-Qa`dah 8, 1435
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IslamiCity > Business & Finance > IC Finance > Critique of Industries 
 Welcome to IC Finance Information & Services

 O ye who believe! Devour not usury, doubled and multiplied; but fear Allah.
that ye may (really) prosper. Qur'an 3:130 (Arabic) - Recite  


Critique of Industries


The following is an analysis of the Industries classification for the USA. Certain industries are clearly prohibited from the Islamic point of view. Others are questionable.

We will use the following from set of classification in the table below:

Class Description
Permissible Most Muslims would agree that it is permissible
Prohibited Most Muslims would agree that it is prohibited
Conditional More research is needed (perhaps on the company level) to know what exactly the business is, before making a positive or negative decision.
Questionable Opinion is divided over this, but leans more towards prohibition. It is best avoided by those wanting to be extra careful
Controversial Opinion is divided over this, and there is no clear Yes/No
Other See the comments

 

Industry Class Comments
Aerospace/Defense Questionable Aerospace on its own should be OK. However, defense products can kill people, and many would object to the morality of investing in such companies.
Agricultural Products    
Air Freight    
Airlines    
Aluminum Permissible  
Auto Parts & Equipment Permissible  
Automobiles Permissible You need to be aware that major car manufacturers operate a Credit Corporation that finances purchases of its cars. You need to dig more into the company's financial reports and see for yourself what percentage this interest revenue contributes to overall income.
Banks-Major Regional Prohibited  
Banks-Money Center Prohibited  
Banks-Regional Prohibited  
Beverages-Alcoholic Prohibited  
Beverages-Non-Alcoholic Permissible  
Biotechnology Permissible  
Broadcasting    
Building Materials Permissible  
Chemicals Permissible  
Chemicals-Diversified Permissible  
Chemicals-Specialty Permissible Check what the speciality is, since it may or may not be .
Communications Equipment Permissible  
Computers-Hardware Permissible  
Computers-Networking Permissible  
Computers-Peripherals Permissible  
Computers-Software & Services Permissible  
Construction-Cement & Aggregates Permissible  
Consumer Finance Prohibited  
Consumer-Jewelry Permissible  
Containers-Metals & Glass Permissible  
Containers-Paper Permissible  
Distributors-Food & Heath Permissible  
Electric Companies Permissible  
Electrical Equipment Permissible  
Electronics-Component Distributors Permissible  
Electronics-Defense Questionable Defense products can kill people, and many would object to the morality of investing in such companies.
Electronics-Instrumentation Permissible  
Electronics-Semiconductors Permissible  
Engineering & Construction Permissible  
Entertainment Questionable Of course, not every form of Entertainment is prohibited. However, in Western countries, entertainment includes Night Clubs, Bars, Adult Movies, Casinos, Gambling, and the like. Check what business the company is involved in before making your decision.
Equipment-Semiconductor Permissible  
Financial-Diversifed Prohibited  
Foods Questionable You have to check if your company engages in Pork and Pork products, as well as Alcoholic beverages. If they do not deal in this, it should be OK, otherwise, you have to see what percentage of these constitutes their income.
Footwear Permissible  
Gaming, Lottery & Parimutuels Cos. Prohibited This is mostly gambling.
Gold & Precious Metals Mining Permissible  
Hardware & Tools Permissible  
Health Care-Diversified Permissible  
Health Care-Drugs Permissible  
Health Care-Generic Permissible  
Health Care-Hospital Management Permissible  
Health Care-Long Term Care Permissible  
Health Care-Managed Care Permissible  
Health Care-Medical Products & Supplies Permissible  
Health Care-Specialized Services Permissible You need to take a closer look on what these specialized services are.
Homebuilding Permissible  
Household Furnishings & Appliances Permissible  
Household Products Permissible  
Housewares Permissible  
Insurance Brokers    
Insurance-Life & Health    
Insurance-Multi-Line    
Insurance-Property-Casualty    
Investment-Banking /Brokerage    
Investment Management    
Investments    
Iron & Steel Permissible  
Land Development Permissible  
Leisure Questionable Check the details, since many Leisure companies operate Casinos, bars, gambling, and the like.
Lodging-Hotels ?  
Machinery-Diversified Permissible  
Manufacturing-Diversified Conditional  
Manufacturing-Specialized Conditional  
Metal Fabricators Permissible  
Metals Mining Permissible  
Mutual Funds Questionable Check our Mutual Funds section for more details.
Natural Gas Permissible  
Office Equipment & Supplies Permissible  
Oil-Domestic Integrated Permissible  
Oil-Drilling & Equipment Permissible  
Oil-Exploration & Production Permissible  
Oil-International Integrated Permissible  
Oil-Refining & Marketing Permissible  
Paper & Forest Products Permissible  
Personal Care    
Photography/Imaging    
Power Producers-Independent Permissible  
Publishing Questionable Publishing in itself is OK. However, some companies engage in publishing prohibited material (porn, adult, ...etc.)
Publishing-Newspapers    
Railroads Permissible  
Real Estate Investment Trusts    
Restaurants Questionable Because the vast majority of restaurants engage in Pork and Alcohol, they are better avoided altogether.
Retail-Apparel    
Retail-Building Supplies Permissible  
Retail-Computers & Electronics Permissible  
Retail-Department Stores Conditional Check if they have a Liquor and Food section, or other prohibited merchandise. It is best to avoid those that have.
Retail-Discounters Conditional Check if they have a Liquor and Food section, or other prohibited merchandise. It is best to avoid those that have.
Retail-Drug Stores    
Retail-Food Chains Questionable Because the vast majority of restaurants engage in Pork and Alcohol, they are better avoided altogether.
Retail-General Merchandise Conditional Check if they have a Liquor and Food section, or other prohibited merchandise. It is best to avoid those that have.
Retail-Home Shopping    
Retail-Specialty Conditional Check what their specialty is.
Savings & Loan Companies Prohibited Involves interest.
Shipping Permissible  
Specialty Printing    
Services-Advertising Questionable Most advertisers involve "provocative" ads which has adult content.
Services-Commercial & Consumer Permissible  
Services-Computer Systems Permissible  
Services-Data Processing Permissible  
Services-Employment Permissible  
Services-Facility Permissible  
Telecommunications-Cellular / Wireless Permissible  
Telecommunications-Long Distance Permissible  
Telephone Permissible  
Textiles-Apparel    
Textiles-Home Furnishings Permissible  
Textiles-Specialty Conditional Depends on what the specialty is.
Tobacco Prohibited Most Muslims would agree that Tobacco is prohibited. Now with its effect on health undisputed, there is more reasons for its prohibition.
Trucks & Parts Permissible  
Truckers Permissible  
Waste Management Permissible  
Water Utilities Permissible  
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