Is ZBRA halal?
Zebra Technologies Corporation
Halal
Zebra Technologies Corporation passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 15 October 2026
Exchange
NASDAQ
Price
377.51
Day
+0.17%
Market cap
$17.67B
Industry
Communication Equipment
Sector
Technology
What the company does
Zebra Technologies makes barcode scanners, label printers, rugged mobile computers for warehouses/stores and RFID. Customers are retail, logistics and hospitals; its money comes from device sales and services.
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 $2.77B ÷ 36-month average market cap $14.94B = 18.5%
18.5%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $157.00M ÷ 36-month average market cap $14.94B = 1.1%
1.1%
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: $17.67B.
For information (AAOIFI 3/1 note): cash + receivables are 13.9% 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 · #397 of 503
- Among halal stocks
- 0.03% · #304 of 1455
- Held by funds
- SPUS 0.04% · SPTE 0.04%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 2 superinvestors · Average reported price: $263.26
- John RogersAriel Investments$243.0M2.4%
- Richard PzenaPzena Investment Management$358K0.0%
Halal stocks in the same industry
The largest halal stocks in Communication Equipment — for comparison.
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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.