NYSE Shariah screener · October 2026

Is Amphenol Corporation (APH) Halal?

Amphenol Corporation · NYSE: APH · Industrials

The short answer

No — Amphenol Corporation (APH) fails this Shariah stock screen at the business-activity gate. The Wallingford connector/interconnect manufacturer (Communications Solutions, Harsh Environment Solutions, Interconnect and Sensor Systems) reports defense sales of approximately 9% of FY2025 net sales ($23,094.7M) — above the 5% tolerance for haram segments — with end applications including airframe, naval, avionics, ordnance and missile systems, radar, tanks and unmanned aerial vehicles: factual defense/weapons involvement, and weapons is on this screener's haram list. Amphenol is a components supplier rather than a weapons assembler, but "ordnance and missile systems" is an explicit end application. The financial ratios pass comfortably: debt of $15,502M is about 7.38% of its ~$210.1B market cap ($85.67, October 1, 2026), below the ~33% ceiling, and non-compliant income is conservatively ≤0.43% of net sales (the 10-K does not break out interest income; the full "Other income" line is used as an upper bound). Zoya rates APH not Shariah-compliant; no Musaffa or ShariaPortfolio rating was found — honestly reported as absent, not invented.

Gate 1 — Business activity: FAIL

Amphenol Corporation (NYSE: APH), headquartered in Wallingford, Connecticut, is "one of the world's largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors and interconnect systems, antennas, sensors and sensor-based products and coaxial, high-speed, fiber optic and specialty cable" (10-K Note 1). It reports three segments on FY2025 net sales of $23,094.7M: Communications Solutions ($12,056.0M), Harsh Environment Solutions ($5,881.7M) and Interconnect and Sensor Systems ($5,157.0M). IT datacom is the largest end market (~41–43% of sales in 2026, growing on AI-server demand). A 2-for-1 stock split was effected September 2, 2026. Business-screen implication (factual): the FY2025 10-K states "Sales into the defense market represented approximately 9% of the Company's net sales in 2025" — above the 5% tolerance — with end applications including airframe, naval, avionics, ordnance and missile systems, communications, radar systems, engines, rotorcraft, ground vehicles and tanks, satellite and space programs, homeland security and unmanned aerial vehicles. Amphenol is a components supplier, not a weapons assembler — but "ordnance and missile systems" is an explicit end application, and weapons/defense is on this screener's haram list. Gate 1 fails. Facts only.

Gate 2 — Debt and cash: PASS

Per Amphenol's FY2025 10-K (year ended December 31, 2025, published February 11, 2026), "Current and long-term debt" was $15,502.0M (debt was raised for acquisitions, e.g. CommScope's Andrew Business; interest expense $367.8M in 2025). Against a market cap of about $210.1B ($85.67, October 1, 2026), debt ÷ market cap is about 7.38% — below the ~33% ceiling. Cash, cash equivalents and short-term investments of $11,434.2M are about 5.44% of market cap. The debt gate passes; the screen fails at Gate 1. Facts only.

Gate 3 — Non-compliant income: PASS

Amphenol's 10-K does not report a standalone interest-income figure. Its "Other income (expense), net" line was $99.9M in 2025 — MD&A states: "The increase was primarily driven by interest income earned on cash and cash equivalents on hand, resulting from increased levels of cash on hand." Treating the entire $99.9M line as interest income as a conservative upper bound: $99.9M ÷ $23,094.7M net sales = ≤0.43% of revenue — below the 5% non-compliant income ceiling with wide margin. (Zoya's page confirms "no separate interest income disclosed.") The income gate passes; the screen fails at Gate 1 on the defense segment. Facts only.

Key figures used

• Business: connectors/interconnect — Communications Solutions ($12,056.0M), Harsh Environment Solutions ($5,881.7M), Interconnect and Sensor Systems ($5,157.0M); IT datacom ~41–43% of sales; Wallingford, CT; 2-for-1 split Sep 2, 2026
• Defense: "Sales into the defense market represented approximately 9% of the Company's net sales in 2025" — above the 5% tolerance; end applications include ordnance and missile systems, avionics, radar, tanks, UAVs
• Debt: $15,502.0M (current + long-term) — debt ÷ market cap ≈ 7.38% of ~$210.1B ($85.67, Oct 1, 2026), under the ~33% ceiling
• Cash: $11,434.2M (cash, cash equivalents & ST investments) ≈ 5.44% of market cap
• Non-compliant income: ≤0.43% of revenue — conservative upper bound using the full "Other income (expense), net" $99.9M line (primarily interest income on cash, per MD&A)
• Zoya: not Shariah-compliant (Sep 2026); Musaffa: no rating found; ShariaPortfolio: no rating found

Frequently asked questions

Sources

• Amphenol — FY2025 Form 10-K (year ended Dec 31, 2025, published Feb 11, 2026; SEC file no. 1-10879): Note 1 business; Markets section ("Sales into the defense market represented approximately 9% of the Company's net sales in 2025"); MD&A (Other income $99.9M "primarily driven by interest income earned on cash and cash equivalents"; interest expense $367.8M) (stocklight mirror)
• Amphenol — FY2025 selected financials (revenue $23,094.7; debt $15,502.0; cash+ST investments $11,434.2 — financialreports.eu mirror)
• Amphenol — FY2025 results income statement (net sales $23,094.7; segment net sales — quartr mirror)
• Amphenol IR — two-for-one stock split (effected Sep 2, 2026)
• Zoya — Amphenol (APH) stock page (not Shariah-compliant, Sep 2026)
• Finnhub — APH live quote data (XNYS, price $85.67, market cap $210.13B, October 1, 2026)

Screened 2026-10-01 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).