Is NDSN (Nordson Corporation) Halal or Haram?

Based on our AAOIFI-standard shariah screening, NDSN 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 (13.72% vs ≤33% threshold), interest income ratio (0.07% vs ≤5% threshold), and cash & securities ratio (0.69% vs ≤33% threshold).

Nordson Corporation is a global manufacturer of specialized machinery used to dispense, apply, and control adhesives, coatings, and polymers. Operating through its Industrial Precision Solutions and Advanced Technology Solutions segments, the company provides automated dispensing systems essential to the packaging, medical, and electronics industries. For Muslim investors, Nordson Corporation is a strong Halal investment option, having successfully passed all four AAOIFI shariah screens. The company's core industrial machinery business is inherently permissible, meaning your capital is not exposed to prohibited sectors like alcohol, gambling, or conventional finance. From an Islamic finance perspective, Nordson boasts an exceptionally clean balance sheet with a debt-to-market cap ratio of just 13.7%, well below the 33% AAOIFI limit. Furthermore, its interest income accounts for only 0.07% of total revenue, ensuring that impermissible earnings remain negligible for shareholders. Because Nordson operates in the broad industrial manufacturing sector, there is little scholarly debate regarding its core business model. However, halal investors should periodically monitor its debt levels and potential future acquisitions to ensure it maintains its strong shariah-compliant profile. Nordson Corporation operates in the Industrials sector under the Industrial - Machinery industry and is headquartered in Westlake, OH, US. The company is led by CEO Sundaram Nagarajan and employs approximately 8,000 people.

NDSN 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. NDSN passed 4 of these 4 screens.

Although NDSN passes all shariah screens, it does earn $2.1M 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.

NDSN 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.