NEOG
Neogen Corporation
Is NEOG Halal?
Food and animal safety testing — diagnostics for food safety is entirely permissible.
What You Should Know
Neogen Corporation develops and markets food-safety testing products and animal-health solutions. Its February 28, 2026 Form 10-Q reports $3,359.0 million of assets, $793.3 million of non-current debt, $159.9 million of cash, $137.1 million of receivables and $211.2 million of quarterly revenue. Debt/assets is 23.62%, liquidity/assets is 4.76% and receivables-plus-cash/assets is 8.84%; the examined MSCI and Malaysia ratios pass, while FTSE remains incomplete because interest income is not separately disclosed. Food and animal safety remain generally permissible, with product and end-use questions treated qualitatively.
⚠️ Concerns
- •Animal-health and laboratory end uses
- •Food and customer application mix
- •Interest-bearing debt
- •Interest income is not separately quantified
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-02-28; calculated 2026-07-15.
793.3 / 3,359
159.9 / 3,359
297 / 3,359
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 23.62%, liquidity/assets is 4.76% and receivables-plus-cash/assets is 8.84%, below the examined FTSE limits; interest income is not separately quantified.
- Financial
- Pass
- Overall
- Pass
Debt/assets, liquidity/assets and receivables-plus-cash/assets are below the examined MSCI total-assets limits; this is not an index-membership claim.
- Financial
- Pass
- Overall
- Pass
Debt/assets and liquidity/assets pass the examined Malaysia limits; this is a calculation against the named ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored and standalone interest income is unavailable; filing-based ratios remain documented.
Business-activity disclosure
Neogen provides food-safety, animal-safety and laboratory testing products and services. The core activity is generally permissible.
Limitation: The filing does not allocate every animal-health, laboratory, food or customer end use into a scholar-approved prohibited-revenue numerator.
Purification
Neogen reports interest expense, net but does not separately quantify interest income or provide a scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Neogen's February 28, 2026 Form 10-Q.
- Non-current debt is $793.3 million and no current debt is reported at February 28, 2026; operating leases are excluded.
- Cash is $159.9 million and no separately identifiable interest-bearing securities are reported in the selected balance-sheet captions.
- Accounts receivable are $137.1 million net; third-quarter total revenues are $211.2 million.
- The filing reports interest expense, net of $13.9 million but does not separately quantify interest income, so the income input is unavailable.
- Food-safety, animal-safety and laboratory products are treated as generally permissible; animal testing, customer end uses and product-level applications require qualitative review.
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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