Is ZBRA (Zebra Technologies Corporation) Halal or Haram?

Based on our AAOIFI-standard shariah screening, ZBRA 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 (26.11% vs ≤33% threshold), interest income ratio (0.00% vs ≤5% threshold), and cash & securities ratio (1.16% vs ≤33% threshold).

Zebra Technologies Corporation is a global leader in enterprise asset intelligence and automatic data capture solutions. The company designs and manufactures specialty printers for labels, wristbands, and receipts, alongside RFID technology and barcode scanners used across retail, healthcare, and logistics industries. For Muslim investors, ZBRA represents a solid opportunity in the technology sector as it successfully passes all AAOIFI shariah screens. The stock is classified as Halal, meaning both its core manufacturing operations and its corporate financial structures align with Islamic investing principles. From an Islamic finance perspective, Zebra's financial health is robust and compliant. The company maintains a permissible debt-to-market cap ratio of 26.1% and holds cash and securities at just 1.2% of its market cap, while impressively earning 0.00% in interest income relative to its revenue. While currently fully compliant, Muslim investors should continue to monitor Zebra Technologies' debt levels in future quarterly reports. Ensuring the debt-to-market cap ratio remains below the strict 33% threshold is essential during periods of market volatility. Zebra Technologies Corporation operates in the Technology sector under the Communication Equipment industry and is headquartered in Lincolnshire, IL, US. The company is led by CEO William J. Burns and employs approximately 9,900 people.

ZBRA 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. ZBRA passed 4 of these 4 screens.

ZBRA 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.

ZBRA 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.