ZBRA
Zebra Technologies Corp.
Is ZBRA Halal?
Enterprise identification and automation technology is generally permissible; the latest record is incomplete.
What You Should Know
Zebra's April 4, 2026 Form 10-Q reports 31.82% interest-bearing debt/assets, 1.37% cash/assets and 10.17% receivables-plus-cash/assets. Known asset-based ratios pass, while interest income, downstream end-use classification and market-cap methods remain incomplete.
⚠️ Concerns
- •Debt/assets is close to the examined 33.333% limit
- •Interest income is not separately disclosed
- •General-purpose products have varied downstream end uses
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-04-04; calculated 2026-07-14.
2,651 / 8,332
114 / 8,332
847 / 8,332
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 31.82%, cash/assets is 1.37% and receivables plus cash/assets is 10.17%; known ratios pass, but interest income is unavailable.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity and receivables-plus-cash ratios pass the examined MSCI total-assets limits; income and downstream business classification remain incomplete. This is not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Known debt/assets and identifiable liquidity/assets are below the examined SAC limits; this is a contextual calculation, not an official classification.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed reproducible market-cap history is not stored; a spot estimate is not substituted.
Business-activity disclosure
Zebra provides barcode printers, scanners, mobile computers, RFID and workflow software for retail, manufacturing, healthcare and logistics. Enterprise identification and automation infrastructure is generally permissible, while downstream end uses are not quantified into a school-specific prohibited-revenue numerator.
Limitation: The filing does not provide a reproducible market-cap denominator history or a universal prohibited-revenue and interest-income numerator.
Purification
Interest income is not separately disclosed; investors should seek qualified guidance and ZakatInvest does not prescribe a fixed percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Zebra's April 4, 2026 Form 10-Q.
- Interest-bearing debt is current debt of 264 plus long-term debt of 2,387; lease liabilities are excluded.
- Cash is 114 and net accounts receivable are 733.
- Quarterly net sales are 1,495.
- The filing refers to lower interest income but does not provide a reproducible standalone numerator in the extracted statements.
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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