IEX
IDEX Corp.
Is IEX Halal?
Fluid-handling manufacturing is generally permissible, subject to end-use review.
What You Should Know
IDEX's March 31, 2026 filing shows debt/assets of 26.14%, liquidity/assets of 8.47% and receivables plus cash/assets of 16.47%. Pumps, valves, compressors and fire-safety equipment are generally permissible, while semiconductor, aerospace, space and defense-adjacent end uses are not quantified and gross interest income is not separately disclosed.
⚠️ Concerns
- •No separately isolated gross interest-income numerator is available
- •HST products serve semiconductor, aerospace and space-related applications
- •Government and defense-adjacent customer exposure is not allocated
- •Financial screens pass where inputs are available, but business classification remains incomplete
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
1,808.8 / 6,918.6
586.2 / 6,918.6
1,139.2 / 6,918.6
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 26.14%, liquidity/assets is 8.47% and receivables plus cash/assets is 16.47%, below the examined limits, but the FTSE income input is unavailable and activity classification remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 26.14%, liquidity/assets is 8.47% and receivables plus cash/assets is 16.47%, below the examined MSCI total-assets limits; activity classification remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
The examined Malaysia ratios pass at debt/assets 26.14% and liquidity/assets 8.47%; 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 both business classification and the FTSE income input are incomplete.
Business-activity disclosure
IDEX manufactures pumps, valves, compressors, flow meters and other fluid-handling and fire-safety equipment. Industrial manufacturing is generally permissible, but semiconductor, aerospace, government and defense-adjacent end uses are not allocated into a reproducible prohibited-revenue numerator.
Limitation: The filing does not allocate sales by customer end use, defense exposure or product application, and it does not separately isolate gross interest income.
Purification
IDEX does not separately disclose gross interest income or prescribe a scholar-approved purification percentage; no fixed rate is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions from IDEX's March 31, 2026 Form 10-Q and rounded to one decimal where reported.
- Borrowings are $1,808.8 million net of unaccreted debt discount; operating leases are excluded.
- Cash and cash equivalents are $586.2 million; no separately identified interest-bearing securities balance is added.
- Net sales are $886.9 million and net interest income is not separately isolated in the filing, so no income numerator is estimated.
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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