FAST
Fastenal Co.
Is FAST Halal?
Industrial distribution is generally permissible, but the result depends on the methodology and product-level activity is not fully quantified.
What You Should Know
Fastenal distributes fasteners, tools, safety products, industrial supplies and inventory-management services. Its March 31, 2026 filing reports debt/assets of 2.40%, liquidity/assets of 5.92%, receivables plus cash/assets of 33.66% and interest income/revenue of 0.07%. FTSE and Malaysia asset ratios pass, while the examined MSCI receivables-plus-cash limit is slightly exceeded; product and customer activity remains qualitative.
⚠️ Concerns
- •Receivables plus cash/assets is 33.66%, slightly above the examined MSCI 33.33% limit
- •Industrial, construction and safety products can serve varied downstream end uses
- •Customer concentration, vendor incentives and private-label products require review
- •Interest income is disclosed but no scholar-approved purification percentage is prescribed
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
125 / 5,209.8
308.6 / 5,209.8
1,753.8 / 5,209.8
1.6 / 2,201.7
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 2.40%, liquidity/assets is 5.92%, receivables plus cash/assets is 33.66% and interest income/revenue is 0.07%; known financial ratios pass FTSE while business classification remains incomplete.
- Financial
- Fails
- Overall
- Fails
Receivables plus cash/assets is 33.66%, slightly above the examined MSCI 33.33% limit; debt and liquidity pass.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 2.40% and liquidity/assets is 5.92%, below the examined Malaysia limits; activity classification remains incomplete and this is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored and business classification remains incomplete.
Business-activity disclosure
Fastenal distributes fasteners, tools, safety products, industrial supplies and inventory-management services. The core distribution business is generally permissible, while product-level categories, customer end uses and third-party payment economics are not fully quantified.
Limitation: The filing does not allocate revenue by product category or prohibited end use into a universal prohibited-revenue numerator.
Purification
Fastenal discloses $1.6 million of interest income but does not prescribe a scholar-approved purification percentage; readers should follow their chosen methodology or scholar.
Inputs, assumptions and primary sources
- Amounts are USD millions from Fastenal's March 31, 2026 Form 10-Q.
- Debt is $25.0 million of current debt plus $100.0 million of long-term debt; operating leases are excluded.
- Cash and cash equivalents are $308.6 million; no separately identified interest-bearing securities balance is added.
- Trade accounts receivable, net is $1,445.2 million and first-quarter net sales are $2,201.7 million.
- The filing discloses $1.6 million of interest income and net interest income of $0.8 million; gross interest income is used for the income ratio.
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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