The Short Answer
Insight Enterprises stock (NSIT) is qualitatively halal because its core business is generally permissible, but the current quantitative result fails the examined receivables screens. The March 31, 2026 filing shows receivables plus cash at 74.95% of total assets; gross interest income is not separately disclosed.
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
1,728.656 / 10,055.277
440.626 / 10,055.277
7,536.384 / 10,055.277
- Financial
- Fails
- Overall
- Fails
Debt/assets is 17.19% and liquidity/assets is 4.38%, but receivables-plus-cash/assets is 74.95%, above the examined FTSE 50% limit; gross interest income is unavailable.
- Financial
- Fails
- Overall
- Fails
Debt/assets and liquidity/assets pass the examined limits, but receivables-plus-cash/assets is 74.95%, above the examined MSCI 33.33% total-assets limit; income disclosure remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 17.19% and identifiable liquidity/assets is 4.38%, below the examined Malaysia limits; this calculation does not resolve the separate receivables or business-activity questions.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; the receivables screens fail independently under the examined asset-denominator methods.
Business-activity disclosure
Insight resells and integrates IT hardware, software, cloud and services for commercial, public-sector, education and healthcare customers. IT distribution and integration are generally permissible, but the filing does not provide a universal prohibited-revenue numerator for all products, customers or end uses.
Limitation: The filing does not classify every product, customer or public-sector end use by a universal Sharia category; activity remains qualitative.
Purification
Insight reports interest expense, net and imputed inventory-financing interest but does not separately disclose gross interest income; no purification percentage is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions from Insight's March 31, 2026 Form 10-Q.
- Interest-bearing debt includes $1,469.045 million of ABL, senior-note and other financing obligations plus $259.611 million outstanding under inventory-financing facilities; operating leases are excluded.
- Cash and cash equivalents are $440.626 million; no separately identified interest-bearing securities balance is added.
- Receivables include $6,421.861 million current accounts receivable and $673.897 million long-term accounts receivable, net of allowances.
- First-quarter net sales are $2,127.986 million. The filing reports interest expense, net and imputed inventory-facility interest but does not isolate gross interest income, so the income numerator is unavailable.
- IT hardware, software, cloud and integration services are generally permissible, while public-sector, healthcare, defense and customer-use exposure remains qualitative.
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.
Reselling and integrating IT products and services is generally permissible. Insight carries ABL, senior-note and inventory-financing balances, and its receivables-intensive model is the decisive filing-based concern; customer end use and gross interest income remain qualitative or unavailable.
Sharia Screening Methodology
Islamic scholars use several criteria to screen stocks:
- Business activity screen: Is the company's primary business halal?
- Debt ratio: Total debt / market cap must be under 33%
- Interest income: Interest income / total revenue must be under 5%
- Haram revenue: Revenue from haram sources must be under 5%
- Receivables ratio: Total receivables / total assets must be under 49–70% (varies by board)
Insight Enterprises's Business Activity
Insight resells and integrates IT products and services for organizations. Its offerings include:
- Hardware & software: Devices, infrastructure, and licensing
- Cloud & data center: Cloud solutions and integration services
- IT services: Consulting, deployment, and managed services
Reselling and integrating these IT products and services is permissible at the activity level — it is a general-purpose technology-solutions business.
Concerns to Be Aware Of
1. Debt Ratio
Insight reports $1,728.656 million of interest-bearing debt, including $259.611 million under inventory-financing facilities. Debt is 17.19% of total assets; market-cap denominators are not calculated here.
2. Receivables Ratio
Current and long-term receivables total $7,095.758 million. Receivables plus cash are 74.95% of assets, above both the examined FTSE 50% and MSCI 33.33% limits.
3. Interest Income on Cash
The filing reports interest expense, net and imputed inventory-facility interest but does not separately disclose gross interest income, so no income ratio or fixed purification amount is inferred.
Filing-Based Ratios (March 31, 2026)
Based on Insight Enterprises's Form 10-Q:
- Debt / Assets: 17.19%
- Cash + interest-bearing securities / Assets: 4.38%
- Receivables + cash / Assets: 74.95% — above the examined FTSE and MSCI limits
- Gross interest income / Revenue: Unavailable in the filing
Methodology Interpretation
FTSE and MSCI fail on the receivables-plus-cash ratio; Malaysia's debt and identifiable liquidity ratios pass, but that does not cure the separate receivables and business questions. This is not an index-membership claim or universal certification.
Bottom Line
Insight Enterprises (NSIT) has a generally permissible IT-reseller business, but its current filing-based result is not compliant under the examined FTSE and MSCI receivables screens. Investors should apply their chosen methodology and obtain qualified scholarly guidance on public-sector, healthcare, defense and customer end-use exposure.
For Muslim investors seeking technology exposure, NSIT sits alongside other halal-screened names like CDW (CDW) and Dell (DELL).
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