Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is Ford Motor Company (F) Halal?

FAIL

Ford Motor Company · NYSE: F · Consumer Discretionary

The short answer

No - Ford Motor Company (F) fails this Shariah stock screen, driven by the debt gate. Ford is a Dearborn, Michigan-based global automaker (founded 1903; President and CEO Jim Farley) whose Q2 2026 Form 10-Q (filed July 29, 2026) reports four segments: Ford Blue (ICE/hybrid vehicles), Ford Model e (EVs, battery storage, software), Ford Pro (commercial/fleet), and Ford Credit, a captive finance business described as 'primarily vehicle-related financing and leasing activities.' At June 30, 2026, total interest-bearing debt was $160,967M - Ford Credit ($46,956M payable within one year + $90,392M long-term = $137,348M) plus Company excluding Ford Credit ($4,381M payable within one year + $19,238M long-term = $23,619M, including a $3.8B U.S. Department of Energy loan assumed in May 2026). Against a market cap of about $49.3B (Finnhub, October 2, 2026), that is about 326.5% of market cap - far above the ~33% ceiling, so Gate 2 fails. Gate 1: the core auto business is permissible manufacturing, but Ford Credit is an interest-based financing and leasing segment with $6,839M of revenue in the six months ended June 30, 2026 (about 7.5% of total revenue) and $157,653M of assets (about 55% of the company) - a material interest-based lending activity, so Gate 1 also fails. Gate 3 passes on the numbers: the separately disclosed 'Investment-related interest income' was $609M in the six months ended June 30, 2026, about 0.67% of revenue (Ford Credit's own interest income is bundled into its financing/leasing revenue and not separately disclosed in Ford's 10-Q). Third-party screens agree with the fail: Zoya flags Ford as not Shariah-compliant, and Musaffa classifies it NOT HALAL (October 2026, AAOIFI methodology); ShariaPortfolio has no public Ford stock page. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

Gate 1 — Business activity: FAIL

Ford Motor Company (NYSE: F), founded in 1903 and headquartered in Dearborn, Michigan (President and CEO Jim Farley), is a global automaker. Per its Q2 2026 Form 10-Q (filed July 29, 2026), the company reports four segments: Ford Blue (ICE and hybrid vehicles, service parts, accessories, digital services), Ford Model e (EVs, battery energy storage systems, software and connected-vehicle technology), Ford Pro (vehicles, parts and services for commercial, government and rental customers, including Super Duty and Transit), and Ford Credit, the captive finance business on a consolidated basis, described as 'primarily vehicle-related financing and leasing activities.' For the six months ended June 30, 2026, Company-excluding-Ford-Credit revenue was $84,710M and Ford Credit revenue was $6,839M - about 7.5% of total revenue ($91,549M). At June 30, 2026, Ford Credit total assets were $157,653M, about 55% of the company's $285,531M total assets. Business-screen implication (factual): the core automotive business is permissible manufacturing; however, Ford Credit is an interest-based financing and leasing segment - a material interest-based lending activity (7.5% of revenue, 55% of assets) - so Gate 1 fails. Combined with the debt-gate failure, the overall result is FAIL. Facts only.

Gate 2 — Debt and cash: FAIL

Per Ford's Q2 2026 Form 10-Q (filed July 29, 2026; Note 12, Debt; $ millions; unaudited), at June 30, 2026 interest-bearing debt was: Ford Credit - debt payable within one year $46,956M plus long-term debt $90,392M = $137,348M; Company excluding Ford Credit - debt payable within one year $4,381M plus long-term debt $19,238M = $23,619M (including a $3.8B U.S. Department of Energy loan assumed in May 2026 from the former BlueOval SK joint venture, at 4.814% per annum). Total interest-bearing debt = $160,967M (about $161.0B). Against a market cap of about $49.3B (Finnhub, October 2, 2026; NYSE-listed), total debt / market cap is about 326.5% - far above the ~33% ceiling. Even automotive-only debt of $23,619M would be about 47.9% of market cap - above the ceiling on its own. Company-excluding-Ford-Credit cash and cash equivalents were $10,177M plus marketable securities $11,943M (about $22,120M combined, ~44.9% of market cap); Ford Credit held another $8,426M of cash. Gate 2 fails. Facts only.

Gate 3 — Non-compliant income: PASS

Per Ford's Q2 2026 10-Q, Note 4 (Other income/(loss), net), the separately disclosed interest line is 'Investment-related interest income': $609M for the six months ended June 30, 2026 ($293M for Q2 2026), against total revenue of $91,549M ($48,296M for Q2 2026) - about 0.67% of revenue, below the 5% non-compliant-income ceiling. Note: the 10-Q states Corporate Other interest income excludes 'Ford Credit interest income' - Ford Credit earns interest income on its financing activities, but it is bundled into Ford Credit's financing and leasing revenue ($6,839M in the six months ended June 30, 2026) and not separately disclosed in Ford's 10-Q, so no interest figure beyond the disclosed $609M line is asserted. Zoya independently records Ford's FY2025 interest income as $1,490,000,000 on revenue of $187,267,000,000 - about 0.8%. Gate 3 passes on the numbers, but the stock fails the overall screen on the debt gate (326.5% of market cap vs the ~33% ceiling). Facts only.

Key figures used

Frequently asked questions

What does Ford Motor Company do?

Ford Motor Company (NYSE: F), founded in 1903 and headquartered in Dearborn, Michigan (President and CEO Jim Farley), is a global automaker. Per its Q2 2026 Form 10-Q (filed July 29, 2026), the company reports four segments: Ford Blue (ICE and hybrid vehicles, service parts, accessories and digital services for retail customers), Ford Model e (EVs including extended-range EVs, battery energy storage systems, software and connected-vehicle technology), Ford Pro (vehicles, parts, accessories and services for commercial, government and rental customers, including Super Duty and the Transit range), and Ford Credit, the captive finance business on a consolidated basis described as 'primarily vehicle-related financing and leasing activities.' For the six months ended June 30, 2026, Company-excluding-Ford-Credit revenue was $84,710M and Ford Credit revenue was $6,839M (about 7.5% of total revenue of $91,549M). At June 30, 2026, Ford Credit total assets were $157,653M - about 55% of the company's $285,531M total assets. Ford's common stock trades on the New York Stock Exchange (ticker F). No delisting.

Why does Ford Motor Company fail this Shariah stock screen?

No - Ford Motor Company fails this Shariah stock screen at Gate 2 (debt). Per its Q2 2026 10-Q, at June 30, 2026 interest-bearing debt was: Ford Credit - debt payable within one year $46,956M plus long-term debt $90,392M = $137,348M; Company excluding Ford Credit - debt payable within one year $4,381M plus long-term debt $19,238M = $23,619M. Total interest-bearing debt = $160,967M (about $161.0B). Against a market cap of about $49.3B (Finnhub, October 2, 2026), total debt / market cap is about 326.5% - far above the ~33% ceiling. Gate 1: the core automotive business is permissible manufacturing, but Ford Credit is an interest-based financing and leasing segment contributing about 7.5% of revenue ($6,839M of $91,549M in the six months ended June 30, 2026) and holding about 55% of company assets ($157,653M of $285,531M) - a material interest-based lending activity, so Gate 1 also fails. Gate 3: separately disclosed investment-related interest income was $609M in the six months ended June 30, 2026, about 0.67% of revenue - below the 5% ceiling, so Gate 3 passes on the numbers (Ford Credit's own interest income is bundled into its financing and leasing revenue and not separately disclosed in Ford's 10-Q). Third-party screens agree: Zoya flags Ford as not Shariah-compliant and Musaffa classifies it NOT HALAL (October 2026). This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

What is Ford Motor Company's interest-bearing debt ratio?

Per Ford's Q2 2026 Form 10-Q (filed July 29, 2026; Note 12, Debt; $ millions; unaudited), at June 30, 2026 interest-bearing debt was: Ford Credit - debt payable within one year $46,956M plus long-term debt $90,392M = $137,348M; Company excluding Ford Credit - debt payable within one year $4,381M plus long-term debt $19,238M = $23,619M (including a $3.8 billion U.S. Department of Energy loan assumed in May 2026 from the former BlueOval SK joint venture, at 4.814% per annum). Total interest-bearing debt = $160,967M (about $161.0B). Against a market cap of about $49.3B (Finnhub, October 2, 2026), total debt / market cap is about 326.5% - far above the ~33% ceiling. Even automotive-only debt of $23,619M would be about 47.9% of market cap - above the ceiling on its own. Company-excluding-Ford-Credit cash and cash equivalents were $10,177M plus marketable securities $11,943M (about $22,120M combined, about 44.9% of market cap); Ford Credit held another $8,426M of cash and cash equivalents. Gate 2 fails. Facts only.

How much interest income does Ford Motor Company earn?

Per Ford's Q2 2026 10-Q, Note 4 (Other income/(loss), net), the separately disclosed interest line is 'Investment-related interest income': $609M for the six months ended June 30, 2026 ($293M for Q2 2026), against total revenue of $91,549M ($48,296M for Q2 2026) - about 0.67% of revenue, below the 5% non-compliant-income ceiling. Note: the 10-Q states Corporate Other interest income excludes 'Ford Credit interest income,' meaning Ford Credit earns interest income on its financing activities, but it is bundled into Ford Credit's financing and leasing revenue ($6,839M for the six months ended June 30, 2026) and not separately disclosed in Ford's 10-Q - so no interest figure beyond the disclosed $609M line is asserted. Zoya independently records Ford's fiscal year ended December 31, 2025 interest income as $1,490,000,000 on revenue of $187,267,000,000 - about 0.8%. Gate 3 passes on the numbers, but the stock fails the overall screen on the debt gate. Facts only.

Do Zoya, Musaffa, or ShariaPortfolio cover Ford Motor Company?

Zoya covers Ford at zoya.finance/stocks/f: Ford is flagged as not Shariah-compliant and therefore not considered halal to invest in, based on Ford's most recent financial reports; Zoya's data fields cite the fiscal year ended December 31, 2025 with revenue of $187,267,000,000 and interest income of $1,490,000,000 (0.8% of the combined total). (Note: Zoya's public FAQ page for Ford renders some garbled contradictory fragments, but its rating text clearly states 'not Shariah-compliant.') Musaffa covers Ford at musaffa.com/stock/F/: 'As of October 2026, Ford Motor Co F is classified as not halal' (AAOIFI methodology) - NOT HALAL. ShariaPortfolio: no public Ford stock page found in web searches - honestly reported as no coverage found, 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).