UPS
United Parcel Service
Is UPS Halal?
Shipping and logistics — permissible business.
What You Should Know
UPS is a global shipping company. Its March 31, 2026 Form 10-Q reports $71,809 million of assets, $24,628 million of total debt, $5,802 million of cash, $9,948 million of receivables, and $21,202 million of quarterly revenue. Debt/assets is 34.30%, just above the examined 33% asset-based limits, so the current quantitative screen fails even though the core logistics business remains generally permissible.
⚠️ Concerns
- •Debt/assets is 34.30% and exceeds the examined asset-based limits
- •Pension and finance-lease obligations require continuing review
- •Labor, aviation safety, emissions, and supply-chain impacts
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
24,628 / 71,809
5,802 / 71,809
15,750 / 71,809
123 / 21,202
- Financial
- Fails
- Overall
- Fails
Debt/assets is 34.30%, above 33.333%; liquidity/assets is 8.08%, receivables plus cash/assets is 21.93%, and the disclosed income proxy is 0.58%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 34.30%, above the examined 33.33% limit; this is not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 34.30%, above the examined 33% limit; this is not an official SAC classification.
- Financial
- Not calculated
- Overall
- Fails
Market-cap methods are not calculated; the debt failure independently prevents a pass.
Business-activity disclosure
UPS primarily provides package delivery, freight, healthcare logistics, and supply-chain services, which are generally permissible.
Limitation: The filing does not classify every customer, shipment, or downstream use; no unsupported prohibited-revenue percentage is invented.
Purification
Investment income and other of 123 is disclosed as a conservative income proxy; purification remains separate from the failed financial screen.
Inputs, assumptions and primary sources
- Amounts are USD millions from UPS' March 31, 2026 Form 10-Q.
- Total debt of 24,628 is from Note 9 and includes current maturities and finance lease obligations; commercial paper was zero.
- Cash is 5,802; no separately identified interest-bearing securities balance is included.
- Accounts receivable are 9,948 and quarterly revenue is 21,202.
- Investment income and other is 123; it is used as the disclosed income proxy and is not treated as a universal purification ruling.
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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