AIT
Applied Industrial Technologies, Inc.
Is AIT Halal?
Leading industrial-parts-and-fluid-power distribution-and-services company — permissible industrial-distribution business with a strong financial-screen profile.
What You Should Know
Applied Industrial Technologies distributes industrial motion, fluid-power, automation and MRO/OEM products. General industrial distribution is generally permissible, while customer end-use allocation remains qualitative. Its March 31, 2026 Form 10-Q reports total assets of $2,988.711 million, debt of $383.3 million, cash of $171.576 million, receivables of $792.849 million and quarterly revenue of $1,251.453 million. Debt/assets is 12.82%, liquidity/assets is 5.74% and receivables plus cash/assets is 32.27%, so known financial ratios pass; the filing reports net interest expense rather than a gross interest-income numerator, leaving the complete screen incomplete.
⚠️ Concerns
- •Industrial and automation end uses require qualitative review
- •Known debt/assets is 12.82%, below examined 33.333% limits
- •Gross interest-income numerator is unavailable; no fixed purification percentage asserted
- •Customer and trade-credit mix
- •Business-cycle and acquisition integration exposure
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
383.3 / 2,988.711
171.576 / 2,988.711
964.425 / 2,988.711
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 12.82%, liquidity/assets is 5.74% and receivables-plus-cash/assets is 32.27%, below the examined limits; gross interest-income disclosure and activity allocation remain incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 12.82%, liquidity/assets is 5.74% and receivables-plus-cash/assets is 32.27%, below the examined MSCI limits; activity allocation remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 12.82% and liquidity/assets is 5.74%, below the examined Malaysia limits; activity allocation remains incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored; filing-based asset ratios remain documented.
Business-activity disclosure
Applied Industrial Technologies distributes industrial, automation, fluid-power and maintenance products. General industrial distribution is generally permissible, while customer end-use allocation requires qualitative review.
Limitation: The filing does not provide a universal prohibited-revenue numerator across all products and customers.
Purification
The current filing reports net interest expense rather than a separate gross interest-income numerator; no fixed purification percentage is asserted.
Inputs, assumptions and primary sources
- Amounts are USD millions from Applied Industrial Technologies' March 31, 2026 Form 10-Q for the quarter ended that date.
- Debt combines $347.3 million of noncurrent debt and $18.0 million current debt; no unsupported operating-lease balance was added.
- Cash is $171.576 million and net accounts receivable is $792.849 million.
- Quarterly revenue is $1,251.453 million; the filing reports net interest expense but does not separately disclose a gross interest-income numerator.
- Industrial distribution, automation and fluid-power products are generally permissible, while customer end uses remain qualitative.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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