F
Ford Motor Co.
Is F Halal?
Vehicle manufacturing is generally permissible, but Ford Credit's conventional lending is material and current debt/assets fails the financial screens.
What You Should Know
Ford manufactures vehicles, parts and mobility products while Ford Credit operates a large conventional vehicle-finance and leasing business. Its March 31, 2026 filing reports debt/assets of 55.63%, receivables plus cash/assets of 50.06%, cash plus marketable securities/assets of 10.79% and investment-related interest income/revenue of 0.73%. Ford Credit finance receivables and debt independently make the mixed-business screen fail.
⚠️ Concerns
- •Ford Credit provides conventional auto loans and leases with substantial finance receivables
- •Debt/assets is 55.63% and exceeds the examined FTSE, MSCI and Malaysia limits
- •EV transition, supply-chain labor, tariffs, emissions, safety and product-liability risks remain material
- •Dealer incentives, fleet/government sales, insurance and mobility partnerships require qualitative review
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
157,126 / 282,434
30,488 / 282,434
141,383 / 282,434
316 / 43,253
- Financial
- Fails
- Overall
- Fails
Debt/assets is 55.63% and receivables plus cash/assets is 50.06%; debt exceeds the examined asset-based limit and Ford Credit finance receivables are material.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 55.63% and receivables plus cash/assets is 50.06%, exceeding the examined MSCI total-assets limits; direct conventional finance is also material.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 55.63%, above the examined Malaysia SAC financial limit, while Ford Credit lending requires continuing activity review; this is not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; the asset-based debt and receivable screens fail independently.
Business-activity disclosure
Ford manufactures vehicles, parts and mobility products, while Ford Credit operates a large conventional vehicle-finance and leasing business. Vehicle manufacturing is generally permissible, but direct interest-bearing lending and finance receivables are a material consolidated core activity.
Limitation: The filing does not allocate all Ford Credit interest and leasing economics into a universal prohibited-revenue numerator; the documented finance-receivable scale independently makes the core-activity screen material.
Purification
Ford discloses investment-related interest income but does not provide a scholar-approved purification percentage; Ford Credit interest economics are not isolated into one numerator.
Inputs, assumptions and primary sources
- Amounts are USD millions from Ford's March 31, 2026 Form 10-Q and rounded to the nearest million.
- Debt includes company and Ford Credit debt payable within one year plus long-term debt: $3,268 million, $47,523 million, $16,327 million and $90,008 million respectively; operating leases are excluded.
- Cash is $17,649 million. Interest-bearing securities use $12,839 million of marketable securities; cash equivalents are included in cash and equity investments are excluded.
- Accounts receivable combines Ford Credit finance receivables of $46,185 million current and $60,322 million non-current with trade and other receivables of $17,227 million.
- First-quarter total revenue is $43,253 million. Investment-related interest income is $316 million; Ford Credit interest revenue is not isolated as a prohibited-income numerator.
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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