Is Ford Motor Stock Halal?
Ford Motor Company · F · NYSE
Ford Motor Company (F) does not pass Shariah screening: interest-bearing debt / market cap is 274.6% against the < 30% limit (data as of 2026-03-31), and cash + interest-bearing securities / market cap is 53.3% against the < 30% limit (data as of 2026-03-31). It is not held by Shariah-screened ETFs SPUS or HLAL. Screened alternatives exist in the same sector — see the halal stock screeners and ETF guides below.
Financial data as of 2026-03-31 · Screening basis: AAOIFI · Last reviewed 2026-06-14
HalalWallet is not a Shariah authority and does not issue religious rulings. We compile the most complete public record of what Shariah scholars, screening authorities, and mainstream standards say — reproduced from primary sources with dates and citations — and let you decide.
Do the halal screening authorities agree?
- HalalWallet (AAOIFI)· Not halal
HalalWallet (AAOIFI) rates Ford Motor Company not halal; no other recognized authority has a published position.
Stances are normalized from each authority's own dated public position. Disagreement usually reflects a methodology or standard difference (ratio timing, market-cap vs total-assets denominator), not an error. For the fund screens (Wahed/HLAL, SP Funds/SPUS), only a confirmed holding that passed the fund's screen counts as a pass — a non-holding is left blank because absence can reflect index scope.
Is Ford Motor Stock Halal?
Ford Motor Company (F) does not pass Shariah screening: interest-bearing debt / market cap is 274.6% against the < 30% limit (data as of 2026-03-31), and cash + interest-bearing securities / market cap is 53.3% against the < 30% limit (data as of 2026-03-31). It is not held by Shariah-screened ETFs SPUS or HLAL. Screened alternatives exist in the same sector — see the halal stock screeners and ETF guides below.
- Interest-bearing debt / market cap: 274.6% (< 30%) — Fail
- Cash + interest-bearing securities / market cap: 53.3% (< 30%) — Fail
- Impermissible income / total revenue: 0.8% (< 5%) — Pass
- Financial ratios sourced from filings as of 2026-03-31.
How we read the evidence
HalalWallet's editorial synthesis of the screens, scholar positions, and sources documented on this page — not a religious ruling.
Ford's core business, designing and building trucks, SUVs, vans, and cars, is a permissible activity, so the Shariah question turns almost entirely on its in-house bank. Ford Credit is a conventional captive finance company that lends to retail buyers and dealers and earns interest. In FY2025 it generated $13,271 million of revenue, about 7.1% of Ford's $187,267 million total. That alone is enough to push Ford past the roughly 5% impermissible-revenue tolerance that AAOIFI-style stock screens typically apply.
The deeper issue is the balance sheet. A captive lender funds its loan book with large amounts of interest-bearing debt, so Ford carries both interest income (on the asset side, through Ford Credit) and heavy interest-bearing borrowings. Most Shariah screens also cap interest-bearing debt relative to market value or assets, and an automaker with a finance arm tends to breach those debt thresholds as well as the revenue test. This is why Ford and General Motors are recurring 'fail' names in halal screening even though making vehicles is permissible.
Consistent with that, Ford is not held by SPUS (S&P 500 Shariah Industry Exclusions, checked June 11, 2026) or by HLAL (FTSE USA Shariah, SEC-filed holdings February 28, 2026). For a Muslim retail investor, the practical takeaway is that the financing segment, not the cars, is the obstacle, and verifying a live screener before any purchase is essential because the precise ratios move each reporting period.
Business Activity Screen
Ford Motor Company designs, manufactures, and sells trucks, SUVs, cars, and commercial vehicles, and operates a captive financing arm. Per its FY2025 10-K, total revenues were $187,267 million, of which the automotive and services businesses (reported as 'Company excluding Ford Credit') generated $173,996 million and Ford Credit generated $13,271 million. Ford reorganized its automotive operations into Ford Blue (gas/hybrid), Ford Model e (electric), and Ford Pro (commercial), alongside Ford Credit. Ford reported a net loss of $8,162 million for 2025.
Ford Credit is a conventional captive auto-finance operation that earns interest on retail installment loans, leases, and dealer floorplan financing. Per the FY2025 10-K income statement, Ford Credit revenue was $13,271 million, approximately 7.1% of Ford's $187,267 million total revenue, with $11,121 million of Ford Credit interest, operating, and other expenses. This interest-based financing segment is the principal reason Ford commonly fails Shariah business screens: its revenue share exceeds the roughly 5% impermissible-income tolerance used in AAOIFI-style screening, and Ford also carries substantial interest-bearing debt (the bulk of which funds Ford Credit's receivables). Ford reported $1,254 million of interest expense on Company debt excluding Ford Credit in 2025. The core vehicle-manufacturing business is itself a permissible activity.
Financial Ratio Screen
| Screen | Value | AAOIFI limit | Result |
|---|---|---|---|
| Interest-bearing debt / market cap | 274.6% | < 30% | Fail |
| Cash + interest-bearing securities / market cap | 53.3% | < 30% | Fail |
| Impermissible income / total revenueInterest income only — verify other impermissible revenue lines in the 10-K | 0.8% | < 5% | Pass |
Spot market cap at research date (consider trailing average for borderline names). Data as of 2026-03-31 · thresholds per AAOIFI Shariah standards.
This verdict uses the AAOIFI standard — the most widely used and, at a 30% debt limit, the most conservative mainstream Shariah standard. Interest-bearing debt and interest-bearing securities each stay under 30% of market cap, and impermissible income under 5% of revenue. Other standards (Dow Jones Islamic, S&P Shariah, MSCI Islamic, FTSE Yasaar) use ~33% limits or screen against total assets, so a borderline company can be rated differently by each. How we screen & why screeners disagree →
How Ford Motor screens across Shariah standards
All three mainstream bases below reach the same conclusion for this company.
| Standard | Debt | Cash & interest securities | Limit / basis | Result |
|---|---|---|---|---|
| AAOIFI (our standard) | 274.6% | 53.3% | < 30% of market cap | Fail |
| Dow Jones Islamic / S&P Shariah thresholdDow Jones and S&P apply this limit against a trailing 24–36-month average market cap; shown here on the same point-in-time market cap for comparison. | 274.6% | 53.3% | < 33% of market cap | Fail |
| MSCI Islamic / FTSE Yasaar basisTotal-assets denominator. MSCI/FTSE also apply entry/exit buffers and a receivables screen we do not reproduce. | 55.6% | 10.8% | < 33.33% of total assets | Fail |
HalalWallet computation reproducing each standard's threshold and denominator from public filings (balance sheet as of 2026-03-31) — not the providers' licensed index determinations, which can differ. Debt is interest-bearing borrowings (operating leases excluded). The impermissible-income screen (< 5% of revenue) is common to all of these standards and is shown in the ratio table above. Dow Jones and S&P apply their limit against a trailing 24–36-month average market cap; MSCI and FTSE add entry/exit buffers and a receivables screen. Full methodology →
Scholars' & Screeners' Positions
Published positions, cited as stated. Screeners can reach different conclusions on the same company because of ratio timing and methodology differences — we report the disagreement rather than flatten it.
SP Funds S&P 500 Sharia ETF (SPUS)
Not held in SPUS as of 2026-06-11. Absence can reflect screen failure or index scope — verify before citing as a screen outcome.
Source →Wahed FTSE USA Shariah ETF (HLAL)
Not held in HLAL as of 2026-06-11. Absence can reflect screen failure or index scope — verify before citing as a screen outcome.
Source →
What to do instead
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The Final Step: Your Scholar Conversation
Major whether Ford Motor Company is halal decisions involve nuances that vary by scholarly opinion and personal circumstance — which is why HalalWallet is built as the research step, not the ruling. We do the homework on comparisons, structures, and oversight; a qualified Islamic scholar, your local imam, or a Shariah-certified financial advisor covers what no comparison site can — guidance specific to your situation. Bring your shortlist to that conversation so it starts at the decision, not the basics.
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- Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.
Frequently Asked Questions
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-07-01
- F latest quarterly filing (balance sheet 2026-03-31)
- AAOIFI Shariah Standards
- Ford FY2025 10-K consolidated income statement (SEC EDGAR XBRL)
- Ford FY2025 10-K (SEC EDGAR primary document)
- SPUS holdings (SP Funds)
- HLAL Schedule of Investments 2026-02-28 (SEC EDGAR)
- HalalWallet Methodology
- Editorial Policy
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