EXPN
Experian PLC
Is EXPN Halal?
Credit-information core business and a 38.94% debt/assets screen.
What You Should Know
Experian's March 31, 2026 annual report shows debt/assets 38.94%, liquidity/assets 2.32%, receivables plus cash/assets 14.75%, and disclosed interest income of 0.28% of annual revenue. Its core credit-information and decisioning services support conventional lending decisions; the quantitative debt failure and qualitative activity concern remain material.
⚠️ Concerns
- •Core credit-information and decisioning services facilitate conventional lending
- •Debt screen fails at 38.94% of assets
- •Activity revenue is not quantified
Current quantitative Sharia screen
Based on 2026 Annual Report figures for the period ended 2026-03-31; calculated 2026-07-14.
5,565 / 14,290
331 / 14,290
2,108 / 14,290
24 / 8,445
- Financial
- Fails
- Overall
- Fails
Debt is 38.94% of total assets, above the examined 33.333% limit; liquidity is 2.32% and receivables plus cash are 14.75%.
- Financial
- Fails
- Overall
- Fails
Debt is 38.94% of total assets, above the examined 33.33% limit; liquidity and receivables-plus-cash remain below their limits. This is not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Debt is 38.94% of total assets, above the examined 33% limit, while identifiable liquidity is below 33%. This is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible 24- or 36-month issuer market-cap history is not stored, so market-cap methods are not estimated from a current spot price.
Business-activity disclosure
Experian is a global credit-information, decisioning, marketing and analytics provider. Its core credit-reporting and decisioning services support conventional lending and credit decisions, creating a material qualitative riba concern.
Limitation: The annual report does not provide a scholar-approved prohibited-revenue allocation for credit information, decisioning, marketing and adjacent data products.
Purification
The annual report separately reports $24 million of interest income, or 0.28% of annual revenue, but ZakatInvest does not prescribe a fixed scholar-approved purification percentage and the core credit-information activity remains impermissible under the qualitative assessment.
Inputs, assumptions and primary sources
- Debt combines current borrowings of $900 million with non-current borrowings of $4,665 million at March 31, 2026.
- Cash uses $328 million of cash and cash equivalents. Only $3 million of financial assets held at amortised cost is included as an identifiable interest-bearing security proxy; listed/trade equity investments and derivatives are excluded.
- Accounts receivable uses $1,780 million of net trade receivables and contract assets, excluding VAT, prepayments and other debtors. Revenue is $8,445 million for the year ended March 31, 2026.
- The report separately discloses $24 million of interest income from bank deposits, short-term investments and loan notes; pension-plan interest is excluded from this company-income proxy.
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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