Is HEI halal?
Heico Corporation
Doubtful
No clear verdict is possible for Heico Corporation — data is insufficient or the case is contested in fiqh. As a precaution it is NOT included in the halal list.
Checked: 14 October 2026
Exchange
NYSE
Price
309.87
Day
+0.40%
Market cap
$41.72B
Industry
Aerospace & Defense
Sector
Industrials
What the company does
HEICO makes aircraft replacement parts (FAA-approved lower-cost alternatives — Flight Support) and defense/space electronics (Electronic Technologies). Its money comes from parts sales and repairs (the defense share is checked by the screener).
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
Activity needs clarification: Aerospace & Defense
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $2.54B ÷ 36-month average market cap $36.25B = 7.0%
7.0%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $240.96M ÷ 36-month average market cap $36.25B = 0.7%
0.7%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
Figures from the company's filings (2026-07-31), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $41.72B.
For information (AAOIFI 3/1 note): cash + receivables are 11.2% of total assets (2026-07-31). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
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- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.