Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is The Boeing Company (BA) Halal?

FAIL

The Boeing Company · NYSE: BA · Industrials

The short answer

No — The Boeing Company (BA) fails this Shariah stock screen at the business-activity gate. Its Defense, Space & Security segment, $27,234M of FY2025 revenue (about 30.4%), researches, develops, produces and modifies military aircraft and weapons systems for strike, surveillance and mobility — fighter and trainer aircraft, strategic missile and defense systems — and weapons/defense is on this screener's haram list, far above any 5% tolerance. The financial ratios pass: debt of $45.9B (June 30, 2026 10-Q) is about 30.20% of its ~$151.97B market cap ($192.28 close, October 1, 2026), below the ~33% ceiling though with little headroom, and non-compliant income is 0–1.26% of FY2025 revenue ($89,463M), below the 5% ceiling — Boeing discloses no separate interest income line (Zoya reports $0). Scholars differ on defense manufacturers — this is a factual screen, not a religious ruling; consult a qualified scholar for personal rulings.

Gate 1 — Business activity: FAIL

The Boeing Company (NYSE: BA), headquartered in Arlington, Virginia, is one of the world's major aerospace firms and reports three segments. Commercial Airplanes develops, produces and markets commercial jet aircraft — the 737 narrowbody and the 767, 777 and 787 widebody families, with the 777X and 737-7/737-10 in development. Defense, Space & Security (BDS) engages in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility, including fighter and trainer aircraft, vertical lift (rotorcraft/tiltrotor), strategic missile and defense systems, and satellites. Global Services provides maintenance, parts, training and digital services to commercial and defense customers. FY2025 revenue: BCA $41,494M, BDS $27,234M (30.4% of the $89,463M total), BGS $20,923M. Business-screen implication (factual): ~30.4% of revenue comes from military aircraft and weapons systems — weapons/defense is on this screener's haram list, far above any 5% tolerance. Gate 1 fails. Facts only.

Gate 2 — Debt and cash: PASS

Per Boeing's Q2 2026 10-Q (filed July 28, 2026; SEC CIK 12927), the total debt balance at June 30, 2026 was $45.9 billion — $4.6 billion classified as short-term debt/current portion of long-term debt and $41,335M long-term debt. Against a market cap of about $151.97B (790,370,020 shares outstanding × $192.28 close, October 1, 2026), debt ÷ market cap is about 30.20% — below the ~33% ceiling, but with little headroom. Cash of $7.2 billion (plus $12.8B short-term investments) is about 4.74% of market cap. The debt gate passes; the screen fails at Gate 1. Facts only.

Gate 3 — Non-compliant income: PASS

Boeing's FY2025 10-K (filed January 30, 2026) discloses no separate interest income line — Zoya's BA compliance data reports interest income of $0. The closest reported figures: "Income from operating investments, net" of $25M (0.03% of FY2025 revenue of $89,463M), and the broader "Other income, net" of $1,125M (1.26% of revenue) — a conservative upper bound that also includes $176M nonoperating pension income and $19M nonoperating postretirement income plus interest/dividends on marketable securities. All measures sit below the 5% non-compliant income ceiling. The income gate passes; the screen fails at Gate 1 on the defense segment. Facts only.

Key figures used

Frequently asked questions

What does Boeing do?

The Boeing Company (NYSE: BA), headquartered in Arlington, Virginia, is one of the world's major aerospace firms and reports three segments. Commercial Airplanes develops and produces commercial jet aircraft — the 737 narrowbody and the 767, 777 and 787 widebody families (777X, 737-7 and 737-10 in development) — sold mainly to airlines. Defense, Space & Security (about 30.4% of 2025 revenue) researches, develops, produces and modifies manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility (fighter and trainer aircraft, rotorcraft, strategic missile and defense systems, satellites). Global Services provides maintenance, parts, training, logistics and digital services to commercial and defense customers. Workforce was about 182,000 at end-2025.

Why does Boeing fail this Shariah stock screen?

Boeing fails this screen at the first gate — the business-activity gate. Its Defense, Space & Security segment, $27,234M of $89,463M in FY2025 revenue (30.4%), researches, develops, produces and modifies military aircraft and weapons systems for strike, surveillance and mobility — including fighter and trainer aircraft, strategic missile and defense systems, and weapons programs (the 2025 10-K notes St. Louis programs include F/A-18, F-15, T-7A, MQ-25 and Weapons). Weapons/defense is on this screener's haram list, and ~30.4% is far above any 5% tolerance — a clear business-screen failure, matching the GE precedent. The numbers are tight but pass (debt 30.20% of market cap under the ~33% ceiling; non-compliant income 1.26% under the 5% ceiling), so this is a business-screen failure, not a numbers failure. Note: Zoya's BA page text contains garbled template language (it repeats contradictory phrasings), and scholars differ on defense manufacturers and suppliers — this is a factual screen, not a religious ruling; consult a qualified scholar for personal rulings.

What is Boeing's interest-bearing debt ratio?

Per Boeing's Q2 2026 10-Q (filed July 28, 2026; SEC CIK 12927), the total debt balance at June 30, 2026 was $45.9 billion — $4.6 billion classified as short-term (current portion of long-term debt) and $41,335M long-term debt per the balance sheet. Against a market cap of about $151.97B (790,370,020 shares outstanding × $192.28 close, October 1, 2026), debt ÷ market cap is about 30.20% — below the ~33% ceiling. Cash of $7.2 billion (plus $12.8B of short-term investments) is about 4.74% of market cap. The debt gate passes, though with little headroom; independent screening (halalscreener.app) reports 30.2% for BA on the same basis. The screen fails at Gate 1.

What is Boeing's non-compliant income ratio?

Boeing's FY2025 10-K discloses no separate interest income line — Zoya's BA compliance data reports interest income of $0 for FY2025. The closest reported lines: "Income from operating investments, net" of $25M (0.03% of FY2025 revenue of $89,463M), and the broader "Other income, net" of $1,125M (1.26% of revenue), which also includes $176M of nonoperating pension income and $19M of nonoperating postretirement income plus interest/dividends on marketable securities — so 1.26% is a conservative upper bound, not a pure interest figure. All measures are below the 5% non-compliant income ceiling. The income gate passes; the screen fails at Gate 1 on the defense segment.

Do Zoya, Musaffa, or ShariaPortfolio cover Boeing?

Zoya covers BA: as of September 2026 its public page says BA is "not Shariah-compliant and therefore not considered halal to invest in" (the page's FAQ text is garbled — it also repeats the contradictory phrasing "not Shariah-compliant and therefore considered halal" — reported as-is); its blog lists Boeing among defense stocks raising "considerable concerns" from a Shariah perspective. Musaffa covers BA: its Dow Jones halal-stocks article states "Boeing is Not Halal due to high interest-bearing debt levels" (January 2026). ShariaPortfolio: no Boeing entry found in search. All reported honestly; nothing invented. This page applies the screen directly from Boeing's own filings.

Sources

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).