GD
General Dynamics Corporation
Is GD Halal?
Defense contractor with substantial direct weapons-platform exposure; current financial ratios are below the examined asset-based limits but do not override the failed business activity screen.
What You Should Know
General Dynamics' April 5, 2026 Form 10-Q reports $59,029 million of total assets, $8,014 million of interest-bearing debt, $3,654 million of cash, $156 million of identifiable debt securities and fixed-income funds, $11,305 million of billed plus unbilled receivables and $13,481 million of quarterly revenue. ZakatInvest's current calculations are debt/assets 13.58%, liquidity 6.45% and receivables plus cash/assets 25.34%; the examined asset-based ratios are below the named limits, while gross interest income is unavailable. Marine Systems and Combat Systems generated $6,626 million, or 49.15% of revenue, as a disclosed lower-bound proxy for direct weapons-platform exposure; Technologies adds defense IT and mission systems but is not classified wholesale. This is a current ZakatInvest calculation, not an index-membership claim.
⚠️ Concerns
- •Marine Systems and Combat Systems generated a disclosed $6,626 million lower bound, or 49.15% of quarterly revenue, before considering defense-related Technologies work
- •Marine Systems builds nuclear-powered submarines, destroyers and other naval platforms
- •Combat Systems includes Abrams tanks, Stryker armored vehicles, artillery, ammunition and weapons-related systems
- •Technologies includes C5ISR, cyber, command-and-control and mission systems with mixed customer and end-use disclosure
- •Gulfstream business jets are civilian in form but cannot carve out the consolidated weapons-platform exposure
- •Gross interest income, program-level prohibited revenue and market-cap denominator methods remain incomplete; export controls, civilian harm, labor and procurement require continuing review
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-04-05; calculated 2026-07-14.
8,014 / 59,029
3,810 / 59,029
14,959 / 59,029
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets are 13.58%, liquidity is 6.45%, and receivables plus cash are 25.34%, below the examined FTSE asset limits. Gross interest income is unavailable, so the financial result remains incomplete; the $6,626 million Marine Systems plus Combat Systems lower bound is a separate qualitative activity proxy.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets, liquidity and receivables-plus-cash are below the examined MSCI total-assets limits. The overall record remains incomplete because gross interest income and full program-level prohibited revenue are not disclosed. This is a calculation against the named method, not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and liquidity are below the examined Malaysia SAC financial limits, but the filing does not provide a universal program-level activity numerator or gross interest-income figure. This is a calculation against SAC ratios, not an official classification of a U.S.-listed security.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed historical market-cap series is not stored. A different denominator cannot resolve the direct weapons-platform activity concern or the unavailable income numerator.
Business-activity disclosure
General Dynamics is a global aerospace and defense company with Aerospace, Marine Systems, Combat Systems and Technologies segments. Marine Systems and Combat Systems generated $6,626 million of the quarter's $13,481 million revenue; those segments include naval combatants, tanks, armored vehicles, ammunition and related systems. Technologies includes defense IT and C5ISR, while Aerospace includes Gulfstream business jets and other activities. The disclosed lower bound establishes substantial direct weapons exposure, but public reporting does not allocate every program or end use into a universal prohibited-revenue taxonomy.
Limitation: The filing reports revenue by segment, customer and contract type but does not split every program between civilian, defense-support and direct weapons activity. The entered $6,626 million is a conservative segment lower bound, not a claim that all Aerospace or Technologies revenue is prohibited or that all remaining revenue is permissible.
Purification
The direct-weapons lower bound is a business-activity proxy, not a scholar-approved purification percentage. Gross non-compliant investment income is unavailable and no fixed donation percentage is asserted; investors should follow qualified guidance for disposing of income from an impermissible holding.
Inputs, assumptions and primary sources
- Inputs use General Dynamics' Form 10-Q for the three-month period ended April 5, 2026; amounts are USD millions.
- Debt uses $1,755 million of short-term debt and current portion of long-term debt plus $6,259 million of long-term debt, or $8,014 million total carrying value. Operating liabilities are not silently added.
- Cash uses $3,654 million of cash and equivalents. Interest-bearing securities use $150 million of available-for-sale debt securities and $6 million of commingled fixed-income funds; equity funds, other investments and trust cash are excluded.
- Receivables use $2,254 million of billed accounts receivable plus $9,051 million of unbilled receivables/contract assets because the filing identifies both as contract balances generated by defense programs.
- Total revenue is $13,481 million. The filing does not disclose a standalone gross interest-income numerator; interest income is therefore unavailable rather than estimated from interest payments or net financing expense.
- Marine Systems revenue of $4,343 million plus Combat Systems revenue of $2,283 million is entered as a disclosed lower-bound proxy for direct weapons-platform exposure. Aerospace and Technologies are not classified wholesale, so the business screen remains incomplete rather than claiming the lower bound captures every prohibited activity.
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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