Is HSIC (Henry Schein, Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, HSIC is classified as Doubtful. It passed 3 of 4 compliance screens. Some scholars may permit investing with income purification, while others advise avoiding it. We recommend consulting a qualified Islamic scholar before investing in HSIC.

Henry Schein, Inc. is a major global distributor of healthcare products and services, primarily serving dental and medical practitioners. The company supplies essential clinical items ranging from infection-control products and anesthetics to dental implants, surgical instruments, and X-ray equipment. For Muslim investors using AAOIFI standards, Henry Schein is currently classified as Doubtful. While the company's core operations in medical distribution are entirely halal, it fails the financial screening due to excessive leverage, meaning it cannot be included in a strictly shariah-compliant portfolio at this time. The primary concern from an Islamic finance perspective is the company's debt-to-market capitalization ratio, which currently sits at 42.2%, well above the 33% maximum limit. On a positive note, its interest-bearing cash and securities are minimal at 1.8%, and interest income represents just 0.25% of total revenue, passing the liquidity and non-halal income screens with ease. Since the non-compliance is entirely driven by market-cap-based debt ratios, Muslim investors should monitor the stock closely. A reduction in corporate debt or a significant increase in market capitalization could bring the ratio back below the 33% threshold, potentially making HSIC compliant in future screening periods. Henry Schein, Inc. operates in the Healthcare sector under the Medical - Distribution industry and is headquartered in Melville, NY, US. The company is led by CEO Andrea Albertini and employs approximately 25,000 people.

HSIC 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. HSIC passed 3 of these 4 screens.

HSIC 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.