NSIT
Insight Enterprises, Inc.
Is NSIT Halal?
IT hardware, software and solutions reseller — a generally permissible activity, but the latest filing-based receivables screens fail and gross interest income is unavailable.
What You Should Know
Insight Enterprises resells and integrates IT hardware, software, cloud and services for commercial, public-sector, education and healthcare customers. Its March 31, 2026 Form 10-Q reports $1,728.656 million of interest-bearing debt including inventory-financing facilities, $440.626 million of cash, $7,095.758 million of current and long-term receivables, and $2,127.986 million of first-quarter sales. Debt is 17.19% and liquidity is 4.38%, but receivables plus cash are 74.95% of assets, failing the examined FTSE and MSCI asset tests. The filing does not separately disclose gross interest income, and customer end use remains qualitative.
⚠️ Concerns
- •Receivables plus cash are 74.95% of assets, above the examined FTSE 50% and MSCI 33.33% limits
- •Debt includes $259.611 million outstanding under inventory-financing facilities as well as ABL and senior-note balances
- •Gross interest income is not separately disclosed, so purification cannot be quantified from this filing
- •Public-sector, healthcare, defense and customer end-use exposure remains qualitative
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
1,728.656 / 10,055.277
440.626 / 10,055.277
7,536.384 / 10,055.277
- Financial
- Fails
- Overall
- Fails
Debt/assets is 17.19% and liquidity/assets is 4.38%, but receivables-plus-cash/assets is 74.95%, above the examined FTSE 50% limit; gross interest income is unavailable.
- Financial
- Fails
- Overall
- Fails
Debt/assets and liquidity/assets pass the examined limits, but receivables-plus-cash/assets is 74.95%, above the examined MSCI 33.33% total-assets limit; income disclosure remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 17.19% and identifiable liquidity/assets is 4.38%, below the examined Malaysia limits; this calculation does not resolve the separate receivables or business-activity questions.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; the receivables screens fail independently under the examined asset-denominator methods.
Business-activity disclosure
Insight resells and integrates IT hardware, software, cloud and services for commercial, public-sector, education and healthcare customers. IT distribution and integration are generally permissible, but the filing does not provide a universal prohibited-revenue numerator for all products, customers or end uses.
Limitation: The filing does not classify every product, customer or public-sector end use by a universal Sharia category; activity remains qualitative.
Purification
Insight reports interest expense, net and imputed inventory-financing interest but does not separately disclose gross interest income; no purification percentage is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions from Insight's March 31, 2026 Form 10-Q.
- Interest-bearing debt includes $1,469.045 million of ABL, senior-note and other financing obligations plus $259.611 million outstanding under inventory-financing facilities; operating leases are excluded.
- Cash and cash equivalents are $440.626 million; no separately identified interest-bearing securities balance is added.
- Receivables include $6,421.861 million current accounts receivable and $673.897 million long-term accounts receivable, net of allowances.
- First-quarter net sales are $2,127.986 million. The filing reports interest expense, net and imputed inventory-facility interest but does not isolate gross interest income, so the income numerator is unavailable.
- IT hardware, software, cloud and integration services are generally permissible, while public-sector, healthcare, defense and customer-use exposure remains qualitative.
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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