DGX

Quest Diagnostics

HALAL — SCREEN DOES NOT PASSstock

Is DGX Halal?

Diagnostic information services with acceptable Sharia compliance.

What You Should Know

Quest provides diagnostic testing, information, and services. Its March 31, 2026 Form 10-Q reports $16,673 million of assets, $5,658 million of interest-bearing debt, $393 million of cash, $1,587 million of receivables and $2,895 million of quarterly revenue. Debt/assets is 33.93%, above the examined FTSE, MSCI and Malaysia asset limits; the filing reports interest expense net but does not separately quantify interest income. The core business remains generally permissible, but the current quantitative screen fails.

⚠️ Concerns

  • Debt/assets is above examined limits
  • Clinical and patient-data end uses
  • Interest income is not separately quantified

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
33.94%Above limit
Below 33.333% under FTSE Yasaar

5,658 / 16,673

Cash + interest-bearing securities / assets
2.36%Within limit
Below 33.333% under FTSE Yasaar

393 / 16,673

Receivables + cash / assets
11.88%Within limit
Below 50% under FTSE Yasaar

1,980 / 16,673

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

Debt/assets is 33.93%, above the examined FTSE 33.333% limit; liquidity/assets is 2.36% and receivables-plus-cash/assets is 11.88%. Interest income is not separately quantified.

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

Debt/assets is 33.93%, above the examined MSCI 33.33% total-assets limit; liquidity and receivables-plus-cash remain below their examined limits.

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

Debt/assets is 33.93%, above the examined Malaysia 33% limit; this is a calculation against the named ratios, not an official classification.

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

A licensed historical market-cap series is not stored; the debt screen fails independently.

Business-activity disclosure

Quest Diagnostics provides diagnostic testing, health information and related services. The core activity is generally permissible.

Limitation: The filing does not allocate every patient, laboratory, pharmaceutical or data-services contract into a scholar-approved prohibited-revenue numerator.

Purification

Quest reports interest expense, net but does not separately quantify interest income or provide a scholar-approved purification percentage.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Quest Diagnostics' March 31, 2026 Form 10-Q.
  • Interest-bearing debt includes $503 million of current maturities and $5,155 million of long-term debt; operating lease liabilities are excluded.
  • Cash is $393 million and no separately identifiable interest-bearing securities are reported in the selected balance-sheet captions.
  • Accounts receivable are $1,587 million net; first-quarter net revenues are $2,895 million.
  • The filing reports interest expense, net of $63 million but does not separately quantify interest income in the selected statements, so the income input is unavailable.
  • Diagnostic testing, information and services are treated as generally permissible; patient and customer end uses remain qualitative review items.

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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