Is IEX (IDEX Corporation) Halal or Haram?

Based on our AAOIFI-standard shariah screening, IEX 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 (11.93% vs ≤33% threshold), interest income ratio (0.00% vs ≤5% threshold), and cash & securities ratio (3.80% vs ≤33% threshold).

IDEX Corporation is a global manufacturer of applied industrial solutions, operating across fluid and metering, health and science, and fire and safety segments. The company specializes in producing highly engineered products like positive displacement pumps, flow meters, and specialized fluid-handling systems used in the food, agricultural, and wastewater industries. For Muslim investors, IDEX Corporation represents a solid Halal investment opportunity within the industrials sector. The stock successfully passes all four AAOIFI screening criteria, meaning both its core business activities and its financial structure align seamlessly with Islamic finance principles. From a financial perspective, IEX is highly attractive for Shariah-conscious portfolios due to its conservative balance sheet. The company maintains a low debt-to-market-cap ratio of 11.9%, well below the 33% maximum, and generates 0.00% impermissible interest income, keeping its revenue exceptionally pure. While the stock is currently fully compliant, halal investors should periodically monitor its Health & Science and Diversified Products segments for any future acquisitions that might introduce non-compliant revenue streams or alter its debt profile. IDEX Corporation operates in the Industrials sector under the Industrial - Machinery industry and is headquartered in Northbrook, IL, US. The company is led by CEO Eric D. Ashleman and employs approximately 9,000 people.

IEX 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. IEX passed 4 of these 4 screens.

IEX has negligible interest income, so purification may not be necessary. However, it is always advisable to consult a qualified scholar regarding your specific investment situation.

IEX 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.