JKHY
Jack Henry & Associates, Inc.
Is JKHY Halal?
Core banking and credit-union software is generally permissible as technology, but conventional banking workflows create a material qualitative concern despite passing financial ratios.
What You Should Know
Jack Henry's March 31, 2026 Form 10-Q reports $3,050.557M of assets, $90M of debt, $20.573M of cash, $282.463M of receivables and $636.245M of quarterly revenue. Debt/assets is 2.95%, liquidity/assets 0.67%, receivables plus cash/assets 9.93% and disclosed interest income/revenue is 0.55%. Jack Henry sells core processing, payments, lending, digital banking and related services primarily to community and regional banks and credit unions; whether that end-market exposure is permissible is school- and board-dependent.
⚠️ Concerns
- •Core platforms support loan, deposit and interest-bearing-product workflows
- •Customers are primarily conventional banks and credit unions
- •Financial ratios pass, but strict boards may fail the qualitative screen by end-market exposure
- •$3.494M of interest income is disclosed; no fixed purification percentage is asserted
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-13.
90 / 3,050.557
20.573 / 3,050.557
303.036 / 3,050.557
3.494 / 636.245
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 2.95%, liquidity/assets 0.67%, receivables plus cash/assets 9.93% and interest income/revenue is 0.55%; the core-banking activity remains a qualitative question.
- Financial
- Pass
- Overall
- Incomplete
Debt, liquidity and receivables-plus-cash ratios are below the examined MSCI limits; business activity remains separately incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and liquidity/assets are below the examined Malaysia SAC limits; no universal prohibited-revenue numerator is asserted.
- Financial
- Not calculated
- Overall
- Incomplete
No licensed historical market-cap series is stored.
Business-activity disclosure
Jack Henry sells software and processing services rather than lending itself. Its core processing, payments and lending workflows are primarily used by conventional banks and credit unions, creating a material school- and board-dependent qualitative concern.
Limitation: The filing does not allocate revenue into a universal prohibited-activity numerator for conventional banking workflows or downstream customer use.
Purification
The filing discloses $3.494 million of interest income; ZakatInvest does not prescribe a fixed scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Jack Henry's March 31, 2026 Form 10-Q.
- The filing reports $90.000 million of outstanding variable-rate debt, $20.573 million of cash and $282.463 million of receivables.
- Third-quarter fiscal 2026 revenue was $636.245 million and interest income was $3.494 million.
- Jack Henry provides core processing, payments, lending, digital banking and related technology primarily to community and regional banks and credit unions.
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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