The Short Answer
Kirby stock (KEX) is generally halal at the activity and known-financial-screen level, but the result is methodology-dependent. Marine transportation and industrial services are generally permissible; the filing does not provide a separate gross interest-income numerator or a universal cargo-activity numerator.
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
983.384 / 6,119.203
58.014 / 6,119.203
594.364 / 6,119.203
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 16.07%, liquidity/assets is 0.95% and receivables plus cash/assets is 9.71%, below the examined limits; a separate interest-income numerator is unavailable.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity and receivables-plus-cash ratios pass the examined total-assets limits; cargo activity remains qualitative.
- Financial
- Pass
- Overall
- Incomplete
Known debt and liquidity ratios pass the examined limits; this is not an official SAC classification and cargo activity remains incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored and the overall activity and income evidence remains incomplete.
Business-activity disclosure
Kirby operates inland and coastal tank barges and a distribution-and-services business for engines, transmissions and power equipment. Marine transport and industrial services are generally permissible, while cargo end uses and customer activity are not fully separated in public revenue data.
Limitation: The filing does not provide a reproducible prohibited-activity numerator for cargo end uses, customer contracts or a separate gross interest-income line.
Purification
A separate gross interest-income amount is not available in the extracted filing statement, so no scholar-approved purification percentage is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions from Kirby's March 31, 2026 Form 10-Q.
- Debt combines $6.092 million of bank notes payable and $977.292 million of long-term debt; operating leases are excluded.
- Cash and cash equivalents are $58.014 million; no separate interest-bearing securities balance is identified.
- Trade receivables are $536.350 million; other receivables are not added to the trade-receivable field.
- Quarterly revenue is $844.099 million and a separate gross interest-income numerator is not disclosed in the extracted filing statement.
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.
What Kirby Does
Kirby operates inland and coastal tank barges and a distribution-and-services segment for engines, transmissions and power equipment. Cargo includes petrochemical, refined-product and agricultural-chemical movements, which should be considered qualitatively by the investor's chosen scholar or board.
Current Quantitative Screen
Kirby's March 31, 2026 Form 10-Q reports $6,119.203 million of assets, $983.384 million of interest-bearing debt, $58.014 million of cash and $536.350 million of trade receivables.
- Debt/assets: 16.07% — below the examined limits.
- Liquidity/assets: 0.95% — below the examined limits.
- Receivables plus cash/assets: 9.71% — below the examined limits.
- Interest income: a separate gross numerator is not disclosed, so the FTSE income test is incomplete.
MSCI and Malaysia known financial ratios pass; FTSE remains incomplete because of the missing income numerator. This is not an official certification.
Purification and Qualitative Review
No fixed purification percentage is inferred without a separate interest-income amount. Revisit cargo end uses, customer contracts, fleet financing and any newer filing before relying on the result.
Bottom Line
KEX is generally halal at the known-screen level, with a methodology-dependent status. Re-screen after a newer filing or a material fleet, cargo or financing change.