NASDAQ Shariah screener · October 2026

Is Fastenal Company (FAST) Halal?

PASS

Fastenal Company · NASDAQ: FAST · Industrials

The short answer

Yes — Fastenal Company (FAST) passes this Shariah stock screen. It is an industrial-supply wholesaler (fasteners, safety, MRO products, industrial vending and Onsite programs; founded 1967, Winona, Minnesota) with no prohibited business lines. It carries minimal interest-bearing debt ($125.0M at December 31, 2025 — about 0.22% of its ~$57.5B market cap, far under the ~33% ceiling), and its interest income is tiny: $3.1M against $4,588.6M of net sales for the six months ended June 30, 2026 — about 0.07% of revenue, well under the 5% non-compliant income limit (FY2025: $5.5M vs $8,200.5M — also ~0.07%). Zoya rates FAST Shariah-compliant (as of October 2026) and Musaffa lists FAST as Halal (rating 5); no ShariaPortfolio rating was found for this ticker. This is a factual screen, not a religious ruling — consult a qualified scholar for personal guidance.

Gate 1 — Business activity: PASS

Fastenal Company (NASDAQ: FAST), founded in 1967 and headquartered in Winona, Minnesota, is a wholesale distributor of industrial and construction supplies. It sells fasteners (threaded fasteners, bolts, nuts, screws, studs and washers), safety supplies, and other product lines including tools, janitorial supplies and cutting tools, through branches, industrial vending machines (FMI) and managed Onsite locations. Its customers are manufacturers (OEM), maintenance/repair/operations (MRO) buyers, non-residential construction firms, government and education entities, transportation, warehousing, mining and oil exploration companies. None of the disclosed lines — industrial supply distribution, vending, and Onsite services — are prohibited lines (no alcohol, gambling, pork, tobacco, cannabis, conventional banking/insurance, weapons manufacturing, or adult entertainment). Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

At December 31, 2025 Fastenal reported total interest-bearing debt of $125.0M — the current portion of debt of $25.0M plus long-term debt of $100.0M — per the FY2025 annual earnings release balance sheet (total debt was reported at $120M at June 30, 2026). Against a market capitalization of about $57.5B (Finnhub: 1,147,498,000 shares outstanding at $50.225, October 2, 2026), debt ÷ market cap is about 0.22%, far below the ~33% ceiling. Cash and cash equivalents of $276.8M are about 0.48% of market cap, within the ~33% guideline. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

For the six months ended June 30, 2026, Fastenal reported interest income of $3.1M against net sales of $4,588.6M — about 0.07% of revenue, well under the 5% non-compliant income limit, per the Q2 2026 earnings release income statement. The full-year 2025 picture is the same: interest income of $5.5M against net sales of $8,200.5M, also about 0.07%. The interest income is incidental cash-balance income, not a revenue line, and carries no fatwa implications here. Gate 3 passes. Facts only.

Key figures used

Business: wholesale distributor of industrial and construction supplies — fasteners (threaded fasteners, bolts, nuts, screws, studs, washers), safety supplies, and other lines (tools, janitorial, cutting tools); industrial vending (FMI) and Onsite managed programs; founded 1967, headquartered in Winona, Minnesota; serves manufacturing, MRO, non-residential construction, government, transportation, mining and oil exploration customers — no prohibited lines
Interest-bearing debt: $125.0M at Dec 31, 2025 ($25.0M current portion + $100.0M long-term debt), per the FY2025 annual earnings release; total debt was reported at $120M at Jun 30, 2026
Market cap: ~$57.5B (Finnhub: 1,147.5M shares at $50.225, Oct 2, 2026) — debt ÷ market cap ≈ 0.22%, far under the ~33% ceiling; cash $276.8M ≈ 0.48% of market cap
Interest income: $3.1M for the six months ended Jun 30, 2026 vs net sales of $4,588.6M — ≈0.07% of revenue, well under the 5% non-compliant income ceiling (FY2025: $5.5M vs net sales $8,200.5M — also ≈0.07%)
H1 2026: net income $722.6M (up 15.9% YoY); Q2 2026 net sales $2,386.9M (up 14.7% YoY); pays a quarterly dividend ($0.26 in Q2 2026)
Zoya rates FAST Shariah-compliant (as of October 2026); Musaffa lists FAST as Halal (rating 5); no ShariaPortfolio rating was found for FAST

Frequently asked questions

What does Fastenal do?

Fastenal Company (NASDAQ: FAST), founded in 1967 and headquartered in Winona, Minnesota, is a wholesale distributor of industrial and construction supplies. Its product portfolio has three primary categories: fasteners (threaded fasteners, bolts, nuts, screws, studs and washers), safety supplies, and other product lines including tools, janitorial supplies and cutting tools. It sells through branches, industrial vending machines (FMI) and managed Onsite locations, serving original-equipment manufacturers, maintenance/repair/operations (MRO) buyers, non-residential construction firms, and government, transportation, mining and oil-exploration customers.

Why does Fastenal pass this Shariah stock screen?

Fastenal passes all three gates. Business activity: industrial-supply distribution has no prohibited lines (no alcohol, gambling, tobacco, cannabis, pork, conventional banking or insurance, weapons manufacturing, or adult entertainment). Debt: total interest-bearing debt of $125.0M is about 0.22% of its ~$57.5B market cap, far under the ~33% ceiling. Non-compliant income: interest income of $3.1M is about 0.07% of H1 2026 net sales of $4,588.6M, well under the 5% ceiling (FY2025: $5.5M vs $8,200.5M, also ~0.07%). This is a factual screen, not a religious ruling — consult a qualified scholar for personal guidance.

What is Fastenal's interest-bearing debt ratio?

At December 31, 2025, Fastenal reported total interest-bearing debt of $125.0M (current portion $25.0M plus long-term debt $100.0M), per the FY2025 annual earnings release; total debt was reported at $120M at June 30, 2026. Against a market capitalization of about $57.5B (Finnhub: 1,147.5M shares at $50.225, October 2, 2026), debt ÷ market cap is about 0.22%, far below the ~33% ceiling. Cash of $276.8M is about 0.48% of market cap, within the ~33% guideline.

What is Fastenal's non-compliant income ratio?

For the six months ended June 30, 2026, Fastenal reported interest income of $3.1M against net sales of $4,588.6M — about 0.07% of revenue, well under the 5% non-compliant income ceiling, per the Q2 2026 earnings release. The full-year 2025 figures agree: interest income of $5.5M against net sales of $8,200.5M, also about 0.07%. The interest income is incidental cash-balance income rather than a business revenue line.

Do Zoya, Musaffa, or ShariaPortfolio cover Fastenal?

Yes for two of the three, honestly reported. Zoya rates FAST Shariah-compliant as of October 2026 (based on Fastenal's most recent financial reports; its page reports FY2025 interest income of $5.5M against revenue of $8,200.5M). Musaffa lists Fastenal Company (FAST) as Halal with a rating of 5 in its NASDAQ halal-stocks list. No ShariaPortfolio rating or coverage of FAST was found — reported as absent, not invented.

Sources

Screened 2026-10-02 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).