FedEx Corporation (FDX) - Not Halal (Non-Compliant)
FedEx Corporation (FDX) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Industrials
- Industry
- Integrated Freight & Logistics
- Result
- Pass
- Reason
- The sector "Industrials" and industry "Integrated Freight & Logistics" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 54.7% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 17.0% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.5% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.46%.Based on the company's financial statements, approximately 0.46% of dividend income comes from non-permissible sources; this is the share many investors donate to purify it. This is derived from identified interest income (0.46% of total income). Some scholars may differ on the exact calculation method.
About FedEx Corporation
FedEx Corporation, together with its subsidiaries, provides transportation, e-commerce, and business services in the United States and internationally. The company operates through two segments, Express U.S. Domestic and Express International. It provides e-commerce and digital solutions; dataworks; printing and shipping management, including digital printing, professional finishing, document creation, design solutions, direct mail, signs and graphics, custom-branded boxes, copying, computer rental, Wi-Fi, corporate print solutions, shredding, U.S. passport processing and renewal, and digital notarization; packing services, as well as packing supplies and boxes; document and business services; and retail access for package transportation. In addition, the company offers logistics services, air and ocean cargo transportation, specialty transportation, customs brokerage, trade management tools and data, and door-to-door solutions; and third party logistics and supply chain management solutions, such as inbound logistics, warehousing and distribution, fulfillment, contract packaging and product configuration, systems integration, returns process and disposition, test, repair, refurbishment, and product liquidation. Further, it provides sales, marketing, administrative, information technology, and back-office support services. FedEx Corporation was founded in 1971 and is headquartered in Memphis, Tennessee.
