Is Aptiv Stock (APTV) Halal? Current Quantitative Sharia Screen

The Short Answer

Aptiv (APTV) is doubtful on the current examined asset-based financial screens, despite its generally permissible automotive-technology activity. The March 31, 2026 filing reports $9,350 million of total debt against $25,203 million of assets, producing a 37.10% debt/assets ratio above the examined 33% limits. This is a methodology-based result, not a fatwa or universal certification.

This is a reproducible ZakatInvest calculation from Aptiv's March 31, 2026 Form 10-Q. Market-cap denominator methods are not estimated without a licensed historical market-cap series.

Sharia Screening Methodology

Islamic equity screens commonly examine business activity, interest-bearing debt, cash and securities, receivables and separately disclosed non-compliant income. Denominators and thresholds vary by methodology, so the named methods are shown separately.

Aptiv's Business Activity

Aptiv supplies automotive electrical architecture, sensors, compute, software and services, and engineered components to global OEM customers. Its products support vehicle electrification, active safety, connectivity and software-defined vehicles. These are generally permissible automotive-technology and component-manufacturing activities.

Q1 2026 net sales were $5,086 million, but Aptiv does not provide a universal prohibited-revenue numerator by OEM customer, vehicle use, software application or end use. No unsupported haram-revenue percentage is estimated.

Qualitative Concerns

1. Debt and the EDS separation

Aptiv reports senior notes, spin-off debt, term-loan and other borrowings. The Electrical Distribution Systems separation can change the consolidated debt, equity and operating perimeter, so the screen should be refreshed after material separation events.

2. Intelligent Systems and software

Intelligent Systems includes sensors, compute, software and services. These general-purpose technologies can support varied downstream automotive and data uses that public filings do not separately quantify.

3. OEM, commodity and currency exposure

Global OEM concentration, commodity pricing, foreign-exchange movements, BEV/PHEV adoption and autonomous-driving investment are material business risks. They are not silently converted into a fabricated prohibited-revenue estimate.

4. Interest income

Aptiv reported $11 million of interest income, or 0.22% of quarterly revenue, below the examined 5% threshold. No fixed scholar-approved purification rate is asserted.

Current Financial Ratios (March 31, 2026)

• Interest-bearing debt / assets: 37.10% — above the examined 33% limits ❌
• Cash + interest-bearing securities / assets: 12.59% — below the examined liquidity limits ✅
• Receivables + cash / assets: 27.66% — below the examined 50% limit ✅
• Disclosed interest income / revenue: 0.22% — below the examined 5% threshold ✅
• Prohibited-revenue numerator: Not disclosed; product and downstream-use allocation remains incomplete

How to Read the Result

APTV is financially failing on the examined debt ratio even though liquidity, receivables-plus-cash and disclosed interest income pass. The automotive-technology activity is generally permissible, but investors using FTSE Yasaar, MSCI total-assets or Malaysia SAC-style limits should treat the current result as doubtful until a later filing changes the balance sheet.

• FTSE Yasaar asset-based financial screen — Fails at 37.10% debt/assets ❌
• MSCI Islamic total-assets financial screen — Fails at 37.10% debt/assets ❌
• Malaysia SAC asset-based financial screen — Fails at 37.10% debt/assets ❌

Bottom Line

Aptiv (APTV) is currently doubtful on the examined quantitative screens. Its automotive electronics, electrification and component activity is generally permissible, but debt/assets of 37.10% exceeds the examined asset-based limits. Investors should recheck the next filing and consult their preferred Sharia adviser.