PLXS

Plexus Corp.

HALAL — DATA INCOMPLETEstock

Is PLXS Halal?

Electronics manufacturing and engineering services — generally permissible contract manufacturing with passing current asset ratios; customer end use remains qualitative.

What You Should Know

Plexus Corp. designs and manufactures complex electronics and provides engineering and aftermarket services for healthcare, life-sciences, industrial and aerospace/defense customers. Its April 4, 2026 Form 10-Q reports $3,360.969 million of assets, $187 million of debt, $303.133 million of cash, $702.339 million of accounts receivable and $1,163.757 million of latest-quarter revenue. Debt/assets is 5.56%, liquidity/assets is 9.02%, receivables-plus-cash/assets is 29.92% and investment income interest/revenue is 0.07%. Contract manufacturing is generally permissible, while customer end use and defense-adjacent work remain qualitative.

⚠️ Concerns

  • Debt/assets is 5.56% and should be confirmed under market-cap methods
  • Receivables-plus-cash/assets is 29.92%, below the examined limits
  • Disclosed investment income interest is 0.07% of revenue; follow the chosen purification guidance
  • Aerospace and defense customer exposure is not quantified by program
  • Re-screen as customer mix, debt and receivables change

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-04-04; calculated 2026-07-15.

USD · millions
Interest-bearing debt / assets
5.56%Within limit
Below 33.333% under FTSE Yasaar

187 / 3,360.969

Cash + interest-bearing securities / assets
9.02%Within limit
Below 33.333% under FTSE Yasaar

303.133 / 3,360.969

Receivables + cash / assets
29.92%Within limit
Below 50% under FTSE Yasaar

1,005.472 / 3,360.969

Non-compliant income / revenue
0.07%Within limit
No more than 5% under FTSE Yasaar

0.812 / 1,163.757

FTSE Yasaar
v4.6, February 2026
Financial
Pass
Overall
Incomplete

Debt/assets is 5.56%, liquidity/assets is 9.02%, receivables plus cash/assets is 29.92% and interest income/revenue is 0.07%, below the examined limits; activity remains incomplete.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Pass
Overall
Incomplete

Debt/assets is 5.56%, liquidity/assets is 9.02% and receivables plus cash/assets is 29.92%, below the examined MSCI limits; activity remains incomplete.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Pass
Overall
Incomplete

Debt/assets and liquidity/assets are below the examined Malaysia SAC limits; activity remains incomplete and this is not an official classification.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Incomplete

A licensed historical market-cap series is not stored, so market-cap denominator methods are not estimated from a current spot price.

Business-activity disclosure

Plexus designs and manufactures complex electronics and provides engineering and aftermarket services for healthcare, life-sciences, industrial and aerospace/defense customers. Contract manufacturing is generally permissible, while customer end use and defense-adjacent work require continuing review.

Limitation: The filing does not allocate every customer, program or end use into a universal prohibited-activity numerator.

Purification

Plexus discloses $0.812 million of investment income interest for the latest quarter, but no scholar-approved purification percentage is inferred.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Plexus's April 4, 2026 Form 10-Q and rounded to the nearest million where appropriate.
  • Debt uses the $187 million debt-instrument carrying amount; operating leases are excluded.
  • Cash and cash equivalents are $303.133 million; no separate interest-bearing securities balance is added from the extracted facts.
  • Accounts receivable, net is $702.339 million and the latest three-month revenue period reports $1,163.757 million.
  • Investment income interest is $0.812 million for the latest three-month period; the filing does not provide a universal prohibited-revenue numerator for customer end uses.

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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