Stock AnalysisJuly 13, 2026 · 6 min read

Is Zimmer Biomet Stock (ZBH) Halal? Current Quantitative Sharia Screen

Zimmer Biomet sells orthopedic and surgical medical devices; the current financial screen is close to the debt boundary.

Time-sensitive screening snapshot: financial ratios and business mix can change after each filing. This is educational research, not a fatwa or investment advice. Verify the latest filing and your preferred Sharia standard before acting.

The Short Answer

ZBH is incomplete and methodology-dependent under the current record. Orthopedic medical devices and surgical robotics are generally permissible activities. March 2026 debt/assets is 32.88%, close to the examined 33% boundary, and the filing does not provide a standalone gross interest-income numerator.

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-13.

USD · millions
Interest-bearing debt / assets
32.88%Within limit
Below 33.333% under FTSE Yasaar

7,471 / 22,721.6

Cash + interest-bearing securities / assets
1.87%Within limit
Below 33.333% under FTSE Yasaar

424.2 / 22,721.6

Receivables + cash / assets
9.47%Within limit
Below 50% under FTSE Yasaar

2,152.8 / 22,721.6

FTSE Yasaar
v4.6, February 2026
Financial
Incomplete
Overall
Incomplete

Debt/assets is 32.88%, liquidity/assets 1.87% and receivables plus cash/assets 9.47%; the FTSE income input is unavailable.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Pass
Overall
Incomplete

Debt, liquidity and receivables-plus-cash are below the examined MSCI limits; the business and purification record remains incomplete.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Pass
Overall
Incomplete

Debt and liquidity are below the examined Malaysia SAC limits, but missing gross income disclosure prevents a complete overall result.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Incomplete

No licensed historical market-cap series is stored.

Business-activity disclosure

Zimmer Biomet designs and sells orthopedic, trauma, extremity, dental and surgical-robotics medical devices. The core therapeutic activity is generally permissible, while product-level financing income and customer use remain qualitative topics.

Limitation: The filing does not provide a single gross interest-income numerator or a universally accepted prohibited-revenue numerator.

Purification

A standalone gross interest-income numerator is not disclosed in the filing, so no fixed purification percentage is asserted.

Inputs, assumptions and primary sources
  • Amounts are USD millions from the unaudited March 31, 2026 Form 10-Q.
  • Debt is the $1,175.9 million current portion plus $6,295.1 million long-term debt.
  • Quarterly net sales are $2,086.7 million; the filing does not present a single gross interest-income numerator.

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.

Business activity

Zimmer Biomet reports knee, hip, trauma, extremity, dental and surgical-robotics products. These are therapeutic technologies. The open items are the near-threshold debt ratio and missing gross-income disclosure, not a prohibited product category.

Bottom line

ZBH is generally permissible at the activity level but incomplete financially until the next filing supplies a gross interest-income input and confirms leverage.

Review other medical-device screens
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ZBH verdict card: DOUBTFUL — current screening available — screening summary, concerns & similar assetsView →
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