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IDEX

IEX stock is Shariah-compliant

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About IDEX (IEX)

IDEX is a global company founded in 1987 and headquartered in Northbrook, Illinois. It operates through three segments: Fluid & Metering Technologies, Health & Science Technologies, and Fire & Safety/Diversified Products, providing a wide range of applied solutions across various industries. The company designs, produces, and distributes a diverse array of products, including pumps, flow meters, fluid-handling systems, precision fluidics, firefighting equipment, and dispensing technologies for markets such as industrial, water treatment, pharmaceutical, fire and rescue, and retail sectors.

Frequently asked questions

Is IDEX (IEX) stock halal to invest in?
As of , IEX is Shariah-compliant and therefore considered halal to invest in. This assessment is based on the data available in IDEX's most recent financial reports.
Does IDEX have any interest income?
No, IDEX has not reported any interest income. According to the company's latest annual report for the fiscal year ending Dec 31, 2025, IDEX reported total revenue of 3457500000, with no separate interest income disclosed. However, it's worth noting that some companies may report interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
What guidelines are used to determine if IDEX stock is Shariah-compliant?
We use the guidelines set by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) to assess Shariah compliance. AAOIFI is a leading international organization that establishes standards for Islamic finance. Their guidelines help determine if a company's business activities and financial structure align with Islamic principles. These standards are widely respected in the Islamic finance industry and provide a consistent framework for evaluating the Shariah compliance of stocks and other financial instruments. AAOIFI's Shariah board includes renowned scholars such as Sheikh Muhammad Taqi Usmani, Sheikh Mohamed Ali Elgari, Sheikh Abdullah AlManea, Sheikh Nizam Yaquby, and Dr. Aznan Hassan.
How often is IDEX stock reviewed for Shariah compliance?
The Shariah compliance status of IDEX stock is reviewed on a regular basis, with a minimum frequency of once per quarter. However, if there are any significant changes or major developments in the company's operations that may impact its compliance, an immediate review will be conducted to ensure ongoing adherence to Shariah principles.
How can I stay updated on IDEX's compliance status?
To stay informed, we recommend regularly checking Zoya for updates. You can also enable alerts within the Zoya app to receive notifications whenever there is a change in the Shariah compliance of IEX, or any other stocks you are monitoring. This is particularly useful as Shariah compliance can fluctuate due to changes in a company's financial ratios or business activities.
Are dividends from IDEX stock considered halal?
Yes, dividends from IEX are considered halal. However, you may need to purify a portion of the dividend if the company has any impermissible revenue. Shariah standards typically allow up to 5% of revenue from impermissible sources for a stock to remain compliant. To find the exact percentage of impermissible revenue for IDEX (IEX), check the Zoya app. For more details on the purification process, read our comprehensive guide.
Do I need to pay Zakat on my IDEX shares?
If you hold IDEX stock as an investment, through an Employee Stock Ownership Plan (ESOP), stock options, restricted stock units (RSUs), or any other form of stock ownership, and meet the Nisab threshold, you may be required to pay Zakat on it. The calculation of Zakat on investments can be complex and depends on various factors. To help make this easy, we've created a free Zakat calculator for stocks. For a more seamless experience, use the Zoya mobile app, where you can link your brokerage account to automatically import holdings.

How to buy IDEX (IEX) stock on Zoya

  1. Sign up for a free Zoya account
    It’s easy to get started. You can sign up for an account directly on our website or by downloading the Zoya app for iOS or Android.
  2. Link a brokerage account
    Zoya partners with leading brokerages like Alpaca and others for a seamless way to buy and manage stocks through Zoya.
  3. Decide how much to invest
    Navigate to the search screen and type the name of the stock into the search bar. Then, click the buy button and input the amount you'd like to invest, either in terms of dollars or number of shares. Review the real-time stock price and estimated quantity of shares before confirming your investment.
  4. Manage your portfolio in one place
    You can find your newly purchased stock in your Zoya portfolio alongside the rest of your holdings. Enable alerts to get notified of any changes in your portfolio's Shariah compliance.

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•  Parker-Hannifin (PH)

•  Snap-on (SNA)

•  Stanley Black & Decker (SWK)

•  Watts Water Technologies (WTS)

•  Xylem (XYL)

Shariah compliance data powered by the Zoya API. Chart by TradingView
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