APTV
Aptiv PLC
Is APTV Halal?
Automotive electronics, electrification and component manufacturing are generally permissible, but Aptiv's current debt/assets ratio is above the examined asset-based Sharia limits.
What You Should Know
Aptiv's March 31, 2026 Form 10-Q reports $25,203 million of total assets, $9,350 million of interest-bearing debt, $3,173 million of cash, $3,798 million of net accounts receivable and $5,086 million of quarterly net sales. Those inputs produce debt/assets of 37.10%, liquidity of 12.59%, receivables plus cash/assets of 27.66% and disclosed interest income/revenue of 0.22%. Debt fails the examined FTSE Yasaar, MSCI and Malaysia asset-based limits; Aptiv's automotive-electronics and component activities are generally permissible at the activity level, but product and downstream-use allocation remains incomplete. This is a current ZakatInvest calculation, not an index-membership claim.
⚠️ Concerns
- •Debt/assets of 37.10% exceeds the examined 33% asset-based limits; the calculation uses Aptiv's reported total debt including short-term and long-term borrowings
- •Aptiv carries senior notes, spin-off debt, term-loan and other borrowings; the Electrical Distribution Systems separation can change the capital structure
- •The filing reports $11 million of interest income, or 0.22% of revenue; no fixed scholar-approved purification rate is asserted
- •Intelligent Systems includes sensors, compute, software and services with broad downstream automotive and data uses that are not separately quantified
- •Global automotive OEM concentration, commodity and foreign-exchange exposure, BEV/PHEV adoption and autonomous-driving investments remain qualitative business considerations
- •Market-cap denominator methods are not calculated without a licensed historical market-cap series
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-13.
9,350 / 25,203
3,173 / 25,203
6,971 / 25,203
11 / 5,086
- Financial
- Fails
- Overall
- Fails
Debt is 37.10%, above the examined 33.333% asset limit; liquidity is 12.59%, receivables plus cash are 27.66% and disclosed interest income is 0.22%.
- Financial
- Fails
- Overall
- Fails
Debt is 37.10%, above the examined MSCI 33.33% total-assets limit; liquidity, receivables plus cash and disclosed interest income are below their examined limits. This is a calculation against the named method, not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Debt is 37.10%, above the examined 33% Malaysia SAC financial limit; identifiable liquidity is 12.59% and disclosed interest income is 0.22%. This is a calculation against SAC ratios, not an official classification of a U.S.-listed security.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible historical market-cap series is not stored, so these methods are not estimated from a current spot price.
Business-activity disclosure
Aptiv supplies automotive electrical architecture, sensors, compute, software, services and engineered components to global OEM customers. Automotive electronics, electrification and general-purpose component manufacturing are generally permissible at the activity level.
Limitation: Segment and product-line disclosures do not provide a reproducible prohibited-revenue numerator by customer, vehicle use, software application or end use, so no unsupported haram-revenue percentage is estimated.
Purification
Disclosed interest income is 0.22% of quarterly revenue and passes the examined income threshold, but no fixed scholar-approved purification rate is asserted and business-revenue allocation remains incomplete.
Inputs, assumptions and primary sources
- Assets use Aptiv's consolidated total assets of $25,203 million at March 31, 2026.
- Interest-bearing debt uses $102 million of short-term debt plus $9,248 million of long-term debt, or $9,350 million total debt reported in the filing. Operating lease liabilities and pension obligations are not silently added.
- Cash uses $3,173 million of cash and cash equivalents. No separately reported interest-bearing securities balance is added.
- Accounts receivable uses $3,798 million of net accounts receivable; contract assets and notes receivable in other current assets are not silently added.
- Quarterly net sales are $5,086 million and separately disclosed interest income is $11 million, or 0.22% of revenue.
- Aptiv's public filing does not allocate a universal prohibited-revenue numerator by automotive end use, OEM customer or product application.
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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