BA
Boeing Co.
Is BA Halal?
Aerospace with commercial and defense segments; financial ratios pass the examined asset screens but the business classification remains methodology-dependent.
What You Should Know
Boeing's March 31, 2026 Form 10-Q reports $164,787m assets, $47,209m debt, $9,441m cash, $11,464m short-term investments and $13,278m receivables. Debt/assets is 28.65%; Defense, Space & Security revenue was $7,599m, so the qualitative verdict remains doubtful.
⚠️ Concerns
- •Significant military and government contracts
- •High leverage and large unbilled receivables
- •Defense activity requires scholar-specific judgment
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
47,209 / 164,787
20,905 / 164,787
22,719 / 164,787
0 / 22,217
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 28.65%, liquidity/assets is 12.68%, and receivables-plus-cash/assets is 13.79%; the business and income screens remain incomplete.
- Financial
- Pass
- Overall
- Incomplete
The examined financial ratios are below the MSCI total-assets limits, but defense-revenue classification remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt and liquidity ratios are below the examined Malaysia limits; this is not an official SAC classification.
- Financial
- Not calculated
- Overall
- Not calculated
A licensed historical market-cap series is not stored.
Business-activity disclosure
Boeing has a commercial-aircraft and services business alongside a substantial Defense, Space & Security segment. Commercial aviation is generally permissible, while weapons and military programs require scholar-specific ethical judgment.
Limitation: The filing reports Defense, Space & Security revenue of $7,599m but does not classify all products and contracts under one Sharia prohibited-activity standard.
Purification
The filing does not isolate all non-compliant income; ZakatInvest does not prescribe a fixed purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Boeing's March 31, 2026 Form 10-Q.
- Debt is the reported total debt balance; short-term and other investments include time deposits, restricted cash, available-for-sale debt investments and other investments.
- Accounts receivable includes accounts receivable plus unbilled receivables.
- The filing does not provide a complete prohibited-activity revenue numerator or an interest-income decomposition.
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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