The Short Answer
General Dynamics stock (GD) remains haram for a conservative Muslim investor. Its latest filing shows substantial direct weapons-platform exposure in Marine Systems and Combat Systems, plus defense IT and mission systems in Technologies. The current balance-sheet ratios are below the examined asset-based debt, liquidity and receivables limits, but those financial figures do not cleanse a core weapons business.
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-04-05; calculated 2026-07-14.
8,014 / 59,029
3,810 / 59,029
14,959 / 59,029
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets are 13.58%, liquidity is 6.45%, and receivables plus cash are 25.34%, below the examined FTSE asset limits. Gross interest income is unavailable, so the financial result remains incomplete; the $6,626 million Marine Systems plus Combat Systems lower bound is a separate qualitative activity proxy.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets, liquidity and receivables-plus-cash are below the examined MSCI total-assets limits. The overall record remains incomplete because gross interest income and full program-level prohibited revenue are not disclosed. This is a calculation against the named method, not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and liquidity are below the examined Malaysia SAC financial limits, but the filing does not provide a universal program-level activity numerator or gross interest-income figure. This is a calculation against SAC ratios, not an official classification of a U.S.-listed security.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed historical market-cap series is not stored. A different denominator cannot resolve the direct weapons-platform activity concern or the unavailable income numerator.
Business-activity disclosure
General Dynamics is a global aerospace and defense company with Aerospace, Marine Systems, Combat Systems and Technologies segments. Marine Systems and Combat Systems generated $6,626 million of the quarter's $13,481 million revenue; those segments include naval combatants, tanks, armored vehicles, ammunition and related systems. Technologies includes defense IT and C5ISR, while Aerospace includes Gulfstream business jets and other activities. The disclosed lower bound establishes substantial direct weapons exposure, but public reporting does not allocate every program or end use into a universal prohibited-revenue taxonomy.
Limitation: The filing reports revenue by segment, customer and contract type but does not split every program between civilian, defense-support and direct weapons activity. The entered $6,626 million is a conservative segment lower bound, not a claim that all Aerospace or Technologies revenue is prohibited or that all remaining revenue is permissible.
Purification
The direct-weapons lower bound is a business-activity proxy, not a scholar-approved purification percentage. Gross non-compliant investment income is unavailable and no fixed donation percentage is asserted; investors should follow qualified guidance for disposing of income from an impermissible holding.
Inputs, assumptions and primary sources
- Inputs use General Dynamics' Form 10-Q for the three-month period ended April 5, 2026; amounts are USD millions.
- Debt uses $1,755 million of short-term debt and current portion of long-term debt plus $6,259 million of long-term debt, or $8,014 million total carrying value. Operating liabilities are not silently added.
- Cash uses $3,654 million of cash and equivalents. Interest-bearing securities use $150 million of available-for-sale debt securities and $6 million of commingled fixed-income funds; equity funds, other investments and trust cash are excluded.
- Receivables use $2,254 million of billed accounts receivable plus $9,051 million of unbilled receivables/contract assets because the filing identifies both as contract balances generated by defense programs.
- Total revenue is $13,481 million. The filing does not disclose a standalone gross interest-income numerator; interest income is therefore unavailable rather than estimated from interest payments or net financing expense.
- Marine Systems revenue of $4,343 million plus Combat Systems revenue of $2,283 million is entered as a disclosed lower-bound proxy for direct weapons-platform exposure. Aerospace and Technologies are not classified wholesale, so the business screen remains incomplete rather than claiming the lower bound captures every prohibited activity.
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.
This is a reproducible ZakatInvest calculation from General Dynamics' Form 10-Q for the three-month period ended April 5, 2026. It is not a fatwa, an index-membership claim or personalized investment advice.
Current Quantitative Screen (April 5, 2026)
- Debt / assets: 13.58% — $8,014 million of debt against $59,029 million of assets
- Cash + interest-bearing securities / assets: 6.45% — $3,810 million using cash plus disclosed debt securities and fixed-income funds
- Receivables + cash / assets: 25.34% — $15,213 million including billed and unbilled receivables
- Gross interest income: Not available — the filing does not provide a standalone numerator
- Direct-weapons segment lower bound: 49.15% of quarterly revenue — $6,626 million from Marine Systems plus Combat Systems; this is not a complete prohibited-revenue measure
- Market-cap denominator methods: Not calculated because a licensed, reproducible historical market-cap series is not stored
Debt, liquidity and receivables-plus-cash are below the examined asset-based limits. The FTSE-style income screen remains incomplete because gross interest income is not disclosed. The business result is still not a financial pass: the disclosed lower bound captures substantial direct weapons-platform revenue, while Technologies and other end uses require qualitative review.
General Dynamics's Business Activity
General Dynamics reports four primary segments:
- Aerospace: Gulfstream business jets and related aviation activity, which is civilian in form, alongside other disclosed work.
- Marine Systems: nuclear-powered submarines, destroyers and other naval platforms for government and military customers.
- Combat Systems: Abrams tanks, Stryker armored vehicles, artillery, ammunition and weapons-related systems.
- Technologies: C5ISR, cyber, command-and-control and mission systems serving government, military and other customers.
For the quarter, Marine Systems generated $4,343 million and Combat Systems generated $2,283 million. The filing also reports $3,576 million from Technologies and $3,279 million from Aerospace. Because program-level civilian, defense-support and direct-weapons revenue is not fully separated, the quantitative activity input is deliberately a lower bound rather than a claim that every non-weapons segment dollar is permissible.
Why GD Fails the Qualitative Business Screen
1. Direct manufacture of weapons platforms
Marine Systems and Combat Systems directly produce naval combatants, tanks, armored vehicles, ammunition and related weapons systems. Those are not merely neutral industrial components; they are designed for armed conflict and require a separate Sharia business-activity judgment.
2. Nuclear-powered submarine construction
Marine Systems builds nuclear-powered submarines, including platforms for the U.S. Navy. The military purpose and weapons capability make this a particularly sensitive part of the consolidated business.
3. Defense IT and mission systems
Technologies includes C5ISR, cyber and command-and-control work. IT is permissible in the abstract, but systems dedicated to military intelligence, combat operations or weapons platforms carry the end-use concern forward.
4. Gulfstream cannot carve out the parent
Gulfstream is a civilian-aerospace business in form, but General Dynamics is a consolidated issuer. A permissible segment does not automatically override substantial direct weapons-platform exposure elsewhere in the portfolio.
5. Customer and end-use diligence
The filing reports U.S. government, foreign military, commercial and other customers. Government contracting, export controls, civilian harm, supply-chain conduct and program purpose remain important qualitative questions beyond the financial ratios.
How to Read the Result
GD's balance sheet is not the main issue in this screen: the examined debt, liquidity and receivables ratios are below the named asset-based limits. The decisive concern is the direct weapons-platform activity, supported by a disclosed $6.626 billion Marine Systems plus Combat Systems lower bound and reinforced by defense IT and mission-system exposure.
Bottom Line
General Dynamics is currently haram under a conservative business-activity analysis. As of April 5, 2026, debt/assets are 13.58%, receivables plus cash/assets are 25.34%, and Marine Systems plus Combat Systems represented 49.15% of quarterly revenue before considering defense-related Technologies work. The Gulfstream segment does not erase the consolidated weapons-platform exposure.
Compare another ticker with its current quantitative and qualitative screen.
Open Halal Checker →