SXI
Standex International Corporation
Is SXI Halal?
Diversified industrial manufacturer with known financial ratios passing; gross interest income and activity classification remain incomplete.
What You Should Know
Standex International Corporation produces electronics components, scientific refrigeration, engraving, engineering technologies and specialty solutions. Its March 31, 2026 Form 10-Q reports assets of $1,526.777 million, interest-bearing debt of $472.841 million, cash of $103.725 million and accounts receivable of $179.695 million. Debt/assets is 30.97%, liquidity/assets is 6.79% and receivables-plus-cash/assets is 18.56%; gross interest income is not separately disclosed. The known financial ratios pass the examined MSCI and Malaysia proxies, with FTSE income remaining incomplete, while aerospace, defense, electronics and hydraulics end uses require continuing review.
⚠️ Concerns
- •Known debt, liquidity and receivables-plus-cash ratios pass the examined limits
- •Gross interest income is not separately disclosed
- •Aerospace and defense sales are mixed with other end markets
- •Acquisition-related debt and integration affect comparability
- •Re-screen after the next filing or a material end-use change
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
472.841 / 1,526.777
103.725 / 1,526.777
283.42 / 1,526.777
- Financial
- Incomplete
- Overall
- Incomplete
Known debt/assets is 30.97%, liquidity is 6.79% and receivables plus cash is 18.56%, below examined FTSE limits, but gross interest income is unavailable.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 30.97%, liquidity is 6.79% and receivables plus cash is 18.56%, below examined MSCI total-assets limits; activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 30.97% and liquidity is 6.79%, below the examined 33% limits; activity remains incomplete and this is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored and activity classification remains incomplete.
Business-activity disclosure
Standex manufactures electronics components, scientific refrigeration, engraving and hydraulics products for industrial, aerospace, defense and commercial customers. Diversified industrial manufacturing is generally permissible, while end uses require review.
Limitation: The filing does not provide a reproducible prohibited-revenue numerator for defense, aerospace, electronics or customer end uses, and gross interest income is not separately disclosed.
Purification
Gross interest income is not separately disclosed and no scholar-approved purification percentage is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions converted from Standex's thousands-of-dollars presentation for March 31, 2026.
- Debt is $472.841 million of long-term funded debt; operating lease liabilities are excluded.
- Cash is $103.725 million. The $6.077 million marketable-securities balance is a deferred-compensation-plan asset and is not added as corporate interest-bearing liquidity.
- Accounts receivable is $179.695 million and nine-month fiscal revenue is $663.346 million; quarterly revenue of $224.595 million is used for the income denominator, but gross interest income is not separately disclosed.
- Standex's fiscal year ends June 30; March 31, 2026 is the nine-month fiscal-period balance-sheet date.
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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