J
Jacobs Solutions Inc.
Is J Halal?
Engineering and technical-consulting business with current filing-based debt and receivables screens failing the examined asset limits.
What You Should Know
Jacobs Solutions Inc. provides consulting, engineering and technical professional services across infrastructure, water, environment, advanced facilities and government programs. Its March 27, 2026 Form 10-Q reports assets of $11,941.714 million, interest-bearing debt of $4,084.220 million, cash of $1,371.912 million and receivables plus contract assets of $3,555.601 million. Debt/assets is 34.20%, liquidity/assets is 11.49% and receivables-plus-cash/assets is 41.35%; six-month interest income is $16.930 million and a universal prohibited-revenue numerator is unavailable. The debt screen fails under the examined FTSE, MSCI and Malaysia proxies, so the stored result is haram on this quantitative screen; this is not an official scholar ruling.
⚠️ Concerns
- •Debt/assets is 34.20%, above the examined 33% limits
- •Receivables plus cash/assets is 41.35%, above the examined MSCI 33.33% limit
- •Government and national-security-adjacent programs have mixed end uses
- •Interest income is disclosed but no universal purification percentage is inferred
- •Re-screen after the next filing, refinancing or material acquisition
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-27; calculated 2026-07-15.
4,084.22 / 11,941.714
1,371.912 / 11,941.714
4,927.513 / 11,941.714
16.93 / 6,988.162
- Financial
- Fails
- Overall
- Fails
Debt/assets is 34.20%, above the examined 33.333% limit; liquidity is 11.49% and receivables plus cash is 41.35%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 34.20% and receivables plus cash is 41.35%, above the examined MSCI 33.33% limits.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 34.20%, above the examined Malaysia 33% limit; activity remains incomplete and this is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored; the filing-based asset screen fails regardless.
Business-activity disclosure
Jacobs provides engineering, consulting and technical professional services across infrastructure, water, environment, advanced facilities and government programs. Professional services are generally permissible, while defense-adjacent end uses require review.
Limitation: The filing does not provide a reproducible prohibited-revenue numerator for government or defense-adjacent work, and disclosed interest income does not establish a scholar-approved purification percentage.
Purification
Interest income is disclosed at $16.930 million for six months, but no scholar-approved purification percentage is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions converted from Jacobs Solutions' thousands-of-dollars presentation for March 27, 2026.
- Long-term debt is $4,084.220 million; no current debt line is reported and operating leases are excluded.
- Cash and cash equivalents are $1,371.912 million; restricted cash is not added.
- Receivables and contract assets total $3,555.601 million and six-month revenue is $6,988.162 million.
- Six-month interest income is $16.930 million; it is disclosed separately but no universal purification percentage is inferred.
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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