Is IEX halal?
IDEX Corporation
Halal
IDEX Corporation passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 14 October 2026
Exchange
NYSE
Price
236.42
Day
-0.92%
Market cap
$17.47B
Industry
Specialty Industrial Machinery
Sector
Industrials
What the company does
IDEX makes pumps, flow meters and valves (fluid technologies), plus firefighting tools and optical components (50+ niche businesses). Its money comes from equipment sales.
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
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $1.86B ÷ 36-month average market cap $15.05B = 12.3%
12.3%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $621.30M ÷ 36-month average market cap $15.05B = 4.1%
4.1%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
Figures from the company's filings (2026-06-30), 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: $17.47B.
For information (AAOIFI 3/1 note): cash + receivables are 16.9% of total assets (2026-06-30). 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
- 0.03% weight · #410 of 503
- Among halal stocks
- 0.03% · #310 of 1454
- Held by funds
- SPUS 0.04% · HLAL 0.04%
- Dividend
- 1.21% · no purification data
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 2 superinvestors · Average reported price: $226.95
- Wallace WeitzWeitz Investment Management$57.3M4.0%
- Mairs & Power Funds$908K0.0%
Halal stocks in the same industry
The largest halal stocks in Specialty Industrial Machinery — for comparison.
Related articles
- Halal investingBlogHow to calculate purification for a halal stockEven a halal company earns a little interest. A simple formula and worked example for how much of your dividend to give to charity.
- GuideBlogDividends, zakat and tax: a practical guide for US stock holdersHow much US tax is withheld from dividends, what to declare in Uzbekistan, and how zakat on shares is calculated — with one worked example.
- Halal investingBlogWhy does a stock's halal status change?A stock that was halal yesterday can leave the list today. The four main reasons — and why none of them is a bug.
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.