Is FAST (Fastenal Company) Halal or Haram?

Based on our AAOIFI-standard shariah screening, FAST is Halal and considered permissible for Muslim investors. It passed all 4 of 4 compliance screens including business activity review, debt-to-market-cap ratio (0.87% vs ≤33% threshold), interest income ratio (0.07% vs ≤5% threshold), and cash & securities ratio (0.54% vs ≤33% threshold).

Fastenal Company is a major wholesale distributor of industrial and construction supplies across North America and internationally. The company is best known for providing threaded fasteners, bolts, nuts, screws, and miscellaneous hardware used in manufacturing, construction projects, and machine maintenance. For Muslim investors utilizing HalalStocks.co.uk, Fastenal is an excellent example of a fully shariah-compliant stock. It successfully passes all four AAOIFI screening criteria, meaning both its core business activities and its financial structures align perfectly with Islamic financial principles. From a financial perspective, Fastenal boasts an incredibly strong and halal-friendly balance sheet. Its debt-to-market capitalization ratio is exceptionally low at just 0.9%, well below the 33% limit, and its interest-bearing cash and securities account for merely 0.5% of its market cap, indicating minimal reliance on interest-based leverage. Because Fastenal's core business involves the straightforward distribution of physical goods, there is virtually no scholarly debate regarding its permissibility. Islamic investors should simply continue to monitor its quarterly financial ratios to ensure its debt and interest income remain safely below AAOIFI thresholds. Fastenal Company operates in the Industrials sector under the Industrial - Distribution industry and is headquartered in Winona, MN, US. The company is led by CEO Daniel L. Florness and employs approximately 21,339 people.

FAST was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. FAST passed 4 of these 4 screens.

Although FAST passes all shariah screens, it does earn $5.5M in interest income (0.07% of revenue). Many scholars recommend purifying this portion by donating the equivalent percentage of any dividends received to charity. For example, if you receive $100 in dividends, you would donate approximately $0.07 to purify the income.

FAST was last screened on 2026-04-29. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.