NDSN
Nordson Corporation
Is NDSN Halal?
Precision industrial, medical and electronics equipment are generally permissible; the latest record is incomplete.
What You Should Know
Nordson's April 30, 2026 Form 10-Q reports 31.63% interest-bearing debt/assets, 1.71% cash/assets and 11.88% receivables-plus-cash/assets. Known asset-based ratios are below the examined limits, but interest income, downstream end-use classification and market-cap methods are not fully quantified.
⚠️ Concerns
- •Debt/assets is close to the examined 33.333% limit
- •Interest income is not separately disclosed
- •Medical, electronics and industrial end uses require qualitative review
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-04-30; calculated 2026-07-14.
1,886.356 / 5,964.418
102.017 / 5,964.418
708.706 / 5,964.418
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 31.63%, cash/assets is 1.71% and receivables plus cash/assets is 11.88%; known ratios pass, but interest income is unavailable.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity and receivables-plus-cash ratios pass the examined MSCI total-assets limits; income and business classification remain incomplete. This is not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and identifiable liquidity/assets are below the examined SAC limits; income and market-cap records remain incomplete.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed reproducible market-cap history is not stored; a spot estimate is not substituted.
Business-activity disclosure
Nordson manufactures precision dispensing, medical-fluid and advanced-technology equipment used in packaging, manufacturing, medical and electronics applications. Industrial and medical equipment are generally permissible, while the filing does not quantify every downstream end use into a school-specific prohibited-revenue numerator.
Limitation: The filing does not provide a reproducible market-cap denominator history or a universal prohibited-revenue and interest-income numerator.
Purification
Interest income is not separately disclosed; investors should seek qualified guidance and ZakatInvest does not prescribe a fixed percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Nordson's April 30, 2026 Form 10-Q.
- Interest-bearing debt is current maturities and notes payable of 50.000 plus long-term debt of 1,836.356; operating and finance leases are excluded.
- Cash is 102.017 and net receivables are 606.689.
- Second-quarter sales are 740.847; six-month sales were 1,410.308.
- The filing reports interest expense but does not isolate a reproducible interest-income numerator.
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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