FDX
FedEx Corp.
Is FDX Halal?
Logistics and shipping — permissible service business.
What You Should Know
FedEx provides package delivery and freight services. Its February 28, 2026 Form 10-Q reports $94,733 million of assets, $25,253 million of interest-bearing debt, $8,008 million of cash (excluding restricted cash), $11,807 million of receivables, and $69,713 million of nine-month revenue. Known debt, liquidity, and receivables ratios pass the examined asset-based methods; the FTSE income test remains methodology-dependent because interest is reported net.
⚠️ Concerns
- •Aviation fuel, emissions, labor, safety, and supply-chain impacts
- •Government and defense logistics contracts require ethical review
- •Net interest presentation does not isolate investment income
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-02-28; calculated 2026-07-14.
25,253 / 94,733
8,008 / 94,733
19,815 / 94,733
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 26.66%, liquidity/assets is 8.45%, and receivables plus cash/assets is 20.91%; known ratios pass, but the FTSE income numerator is unavailable.
- Financial
- Pass
- Overall
- Pass
Debt/assets, liquidity/assets, and receivables plus cash/assets are below the examined MSCI total-assets limits.
- Financial
- Pass
- Overall
- Pass
Debt/assets and liquidity/assets are below the examined 33% limits; this is not an official SAC classification.
- Financial
- Not calculated
- Overall
- Not calculated
A licensed, reproducible 24- or 36-month market-cap history is not stored.
Business-activity disclosure
FedEx's principal business is package delivery, freight, transportation, and logistics services, which are generally permissible.
Limitation: The filing does not classify every customer, shipment, or downstream use; no unsupported prohibited-revenue percentage is invented.
Purification
Interest is presented net, without a standalone non-compliant income numerator.
Inputs, assumptions and primary sources
- Amounts are USD millions from FedEx's February 28, 2026 Form 10-Q.
- Debt includes current portion of long-term debt of 2,422 and long-term debt of 22,831.
- Cash uses cash and cash equivalents of 8,008 and excludes restricted cash of 3,680; no separate interest-bearing securities balance is identified.
- Receivables are 11,807 and nine-month revenue is 69,713.
- Interest is reported net of 392 for the nine-month period, so no standalone non-compliant income numerator is claimed.
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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