HSIC

Henry Schein, Inc.

HALAL — DATA INCOMPLETEstock

Is HSIC Halal?

Dental and medical distribution — a permissible healthcare-supply business, with receivables and debt to screen.

What You Should Know

Henry Schein, Inc. distributes dental, medical and animal-health products and services. Its March 28, 2026 Form 10-Q reports assets of $11,304 million, interest-bearing debt of $3,408 million, cash and short-term investments of $138 million, receivables of $1,719 million and quarterly revenue of $3,368 million. Debt/assets is 30.15%, liquidity/assets is 1.22% and receivables-plus-cash/assets is 16.43%; the known asset-based ratios pass. Disclosed investment interest is $7 million (0.21% of revenue), while product and customer allocation remains qualitative.

⚠️ Concerns

  • Known debt/assets is 30.15%, below examined 33.333% limits but sensitive to future filings
  • Distribution model and healthcare-product mix require qualitative review
  • Disclosed investment interest is 0.21% of quarterly revenue; no fixed purification percentage is asserted
  • Cash and short-term investments are reported together
  • Re-screen the financial ratios periodically

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-28; calculated 2026-07-15.

USD · millions
Interest-bearing debt / assets
30.15%Within limit
Below 33.333% under FTSE Yasaar

3,408 / 11,304

Cash + interest-bearing securities / assets
1.22%Within limit
Below 33.333% under FTSE Yasaar

138 / 11,304

Receivables + cash / assets
16.43%Within limit
Below 50% under FTSE Yasaar

1,857 / 11,304

Non-compliant income / revenue
0.21%Within limit
No more than 5% under FTSE Yasaar

7 / 3,368

FTSE Yasaar
v4.6, February 2026
Financial
Pass
Overall
Incomplete

Debt/assets is 30.15%, liquidity/assets is 1.22%, receivables-plus-cash/assets is 16.43% and disclosed interest income/revenue is 0.21%; known ratios pass, while business disclosure remains incomplete.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Pass
Overall
Incomplete

Debt/assets, liquidity/assets and receivables-plus-cash/assets are below the examined MSCI limits; business disclosure remains incomplete.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Pass
Overall
Incomplete

Debt/assets is 30.15% and liquidity/assets is 1.22%, below the examined Malaysia limits; this is not an official classification.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Incomplete

A properly licensed and reproducible historical market-cap series is not stored; known asset-based ratios pass but business disclosure remains incomplete.

Business-activity disclosure

Henry Schein distributes healthcare products, equipment and services to dental and medical practices; healthcare distribution is generally permissible.

Limitation: The filing does not allocate revenue by downstream customer use or provide a universal prohibited-revenue numerator.

Purification

The filing discloses $7 million of investment interest (0.21% of revenue); treatment is disclosed for transparency, but no scholar-approved purification percentage is asserted.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Henry Schein's March 28, 2026 Form 10-Q.
  • Debt combines short-term borrowings of $1,046 million and long-term debt and finance-lease obligations of $2,362 million.
  • Cash and short-term investments are reported together at $138 million; no separate interest-bearing securities balance is identified in the primary balance sheet.
  • Receivables use the reported net accounts-receivable balance of $1,719 million.
  • Investment income interest of $7 million is disclosed (0.21% of quarterly revenue); healthcare distribution is generally permissible, while product/customer allocation remains qualitative.

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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