NASDAQ Shariah screener · October 2026
Is Jack Henry & Associates, Inc. (JKHY) Halal?
Jack Henry & Associates, Inc. · NASDAQ: JKHY · Financials
The short answer
Jack Henry & Associates (NASDAQ: JKHY) passes this Shariah screener: its fintech software business (core banking platforms, payments, digital banking) is not in a prohibited industry, its debt is about 0.4% of market cap (under the 33% ceiling), and its separately disclosed interest income is about 0.9% of revenue (under the 5% ceiling).
Gate 1 — Business activity: PASS
Jack Henry & Associates, Inc., based in Monett, Missouri, describes itself in its FY2026 Form 10-K as a fintech company that provides core banking software, payments processing, and digital banking solutions (including the Banno digital platform) to community banks and credit unions. It reports through four segments: Core, Payments, Complementary, and Corporate and Other.
Business screen (factual, from the filing): Jack Henry is a software and technology vendor to financial institutions — it is not a bank, lender, or insurer itself, and its business is not alcohol, pork, tobacco, weapons, or gambling. The filing discloses no haram business segments. Gate 1 passes on the facts. Facts only.
Gate 2 — Debt and cash: PASS
Per Jack Henry's FY2026 Form 10-K (Consolidated Balance Sheet, June 30, 2026; $ thousands; filed August 2026) and the Q4 FY2026 earnings release, total interest-bearing debt was $40,000K ($40.0M) outstanding on credit facilities at year-end. Operating lease liabilities are excluded.
Against a market cap of ~$10.3B (Finnhub, October 2, 2026), the debt-to-market-cap ratio is about 0.4%, below the 33% ceiling. Cash and cash equivalents were $12.056M (~0.1% of market cap). Gate 2 passes.
Gate 3 — Non-compliant income: PASS
Jack Henry's FY2026 Form 10-K (MD&A, "Interest Income and Expense") separately discloses an "Interest income" line: $23,144K for the year ended June 30, 2026 (FY2025: $27,759K), against total revenue of $2,544M — about 0.9%, below the 5% non-compliant income ceiling. Interest expense ($5,387K) is disclosed on a separate line. Gate 3 passes.
Key figures used
- Business: Jack Henry & Associates, Inc. (Monett, MO); fintech company providing core banking software, payments processing, and digital banking platforms (Banno) to community banks and credit unions; segments: Core, Payments, Complementary, Corporate and Other — a software vendor, not a bank or lender
- Gate 1: software/technology provider to financial institutions — not conventional banking, lending, or insurance, and not alcohol, pork, tobacco, weapons, or gambling; no haram segments disclosed in the FY2026 10-K
- Gate 2: interest-bearing debt $40.0M (credit facilities, June 30, 2026) vs ~$10.3B market cap = ~0.4% (ceiling 33%); cash and cash equivalents $12.1M (~0.1% of market cap); operating lease liabilities excluded
- Gate 3: interest income $23.144M / total revenue $2,544M (FY2026) = ~0.9% (ceiling 5%); interest expense ($5.387M) disclosed on a separate line
- Third-party screeners: Musaffa classifies JKHY as NOT HALAL (October 2026, AAOIFI methodology); Zoya has no JKHY page; no ShariaPortfolio coverage found — this page reports each source's position without endorsing one
Frequently asked questions
Is Jack Henry (JKHY) stock halal?
In this screener, JKHY passes: its fintech software business (core banking platforms, payments, digital banking for banks and credit unions) is not in a prohibited industry, its debt is about 0.4% of market cap (under the 33% ceiling), and its separately disclosed interest income is about 0.9% of revenue (under the 5% ceiling). Note that Musaffa classifies JKHY as not halal under its AAOIFI methodology — third-party screeners disagree, so consider consulting a qualified scholar for personal guidance.
What does Jack Henry & Associates do?
Jack Henry is a fintech company headquartered in Monett, Missouri. It sells core banking software, payments processing, and digital banking platforms (including Banno) to community banks and credit unions, reporting through Core, Payments, Complementary, and Corporate and Other segments. It is a software vendor, not a bank or lender.
How much debt does Jack Henry have?
Per its FY2026 10-K (balance sheet at June 30, 2026), interest-bearing debt was $40 million outstanding on credit facilities — about 0.4% of its ~$10.3 billion market cap, well under the 33% ceiling.
Does Jack Henry earn interest income?
Yes. Its FY2026 10-K separately discloses $23.1 million of interest income against $2,544 million of total revenue — about 0.9%, under the 5% ceiling.
What do other Shariah screeners say about JKHY?
Musaffa classifies JKHY as not halal (October 2026, AAOIFI methodology). Zoya has no JKHY page, and no ShariaPortfolio coverage was found. This page reports each source's position without endorsing one.
Sources
- Jack Henry & Associates, Inc. — FY2026 Form 10-K (fiscal year ended June 30, 2026; filed August 2026): MD&A Interest Income and Expense (interest income $23,144K FY2026 / $27,759K FY2025; interest expense ($5,387K); $40,000 debt outstanding at year-end), business description (fintech; core banking software, payments, Banno digital platform; Core/Payments/Complementary/Corporate and Other segments)
- Jack Henry & Associates, Inc. — Q4 and full-year FY2026 earnings release (August 2026): consolidated balance sheet highlights (cash $12,056K; debt $40,000K; total assets $3,145,711K), FY2026 GAAP revenue $2.54B, GAAP EPS $6.98, non-GAAP EBITDA reconciliation (net interest ($17,757K))
- Finnhub — Jack Henry & Associates Inc (JKHY) market data: market cap $10.28B, price $143.84, XNAS, October 2, 2026
- Musaffa — JKHY Shariah compliance page: classified as NOT HALAL (October 2026, AAOIFI methodology)
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).