APH

Amphenol Corporation

DOUBTFUL — SCREEN DOES NOT PASSstock

Is APH Halal?

Permissible interconnect-manufacturing business, but the current debt screen fails the examined asset-based Sharia limits.

What You Should Know

Amphenol Corporation manufactures connectors, sensors, antennas and interconnect systems. Its March 31, 2026 Form 10-Q reports assets of $42,133.8 million, debt of $18,748.9 million, cash of $4,128.0 million, short-term investments of $455.1 million, accounts receivable of $5,872.9 million and quarterly revenue of $7,620.1 million. Debt/assets is 44.50%, above the examined 33% limits; liquidity/assets is 10.88% and receivables-plus-cash/assets is 23.74%. Interest income is not separately disclosed and prohibited-activity revenue is not quantified.

⚠️ Concerns

  • Debt/assets is 44.50%, above the examined FTSE, MSCI and Malaysia limits
  • Serial acquisitions materially affect leverage
  • Aerospace and defense-adjacent programs require qualitative review
  • Interest income is not separately disclosed

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.

USD · millions
Interest-bearing debt / assets
44.50%Above limit
Below 33.333% under FTSE Yasaar

18,748.9 / 42,133.8

Cash + interest-bearing securities / assets
10.88%Within limit
Below 33.333% under FTSE Yasaar

4,583.1 / 42,133.8

Receivables + cash / assets
23.74%Within limit
Below 50% under FTSE Yasaar

10,000.9 / 42,133.8

FTSE Yasaar
v4.6, February 2026
Financial
Fails
Overall
Fails

Debt/assets is 44.50%, above the examined FTSE debt limit; liquidity/assets is 10.88% and receivables plus cash/assets is 23.74%.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Fails
Overall
Fails

Debt/assets is 44.50%, above the examined MSCI 33.33% limit; the other known asset ratios are below their limits.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Fails
Overall
Fails

Debt/assets is 44.50%, above the examined Malaysia 33% limit; activity remains incomplete and this is not an official classification.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Incomplete

A licensed historical market-cap series is not stored; the asset-based financial screen fails regardless.

Business-activity disclosure

Amphenol manufactures connectors, sensors, antennas and interconnect systems. Manufacturing is generally permissible, while aerospace, defense and customer end uses require separate review.

Limitation: The filing does not provide a reproducible prohibited-revenue numerator or a separately stated interest-income line.

Purification

A separate interest-income amount is not available in the extracted filing statement, so no scholar-approved purification percentage is inferred.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Amphenol's March 31, 2026 Form 10-Q.
  • Debt includes current and long-term debt.
  • Quarterly revenue is $7,620.1 million; interest income is not separately disclosed in the extracted statement.
  • No prohibited-activity revenue numerator is separately disclosed.

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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