COR
Cencora, Inc.
Is COR Halal?
Pharmaceutical distribution — a permissible healthcare-logistics business, with thin-margin balance sheet to screen.
What You Should Know
Cencora, Inc. (formerly AmerisourceBergen) is one of the largest pharmaceutical distributors in the world, sourcing and delivering branded and generic drugs, specialty pharmaceuticals, and related services to pharmacies, hospitals, and providers. Distributing medicines is a clearly permissible activity with no haram revenue line of its own. Because distribution is a high-revenue, thin-margin business, the receivables ratio (total receivables / total assets) and the total-debt-to-market-cap ratio are the primary screening items and should be confirmed against the relevant thresholds using the latest filings. Interest income on cash is incidental and should be checked against the 5% threshold and purified.
⚠️ Concerns
- •High-revenue, thin-margin distribution model means the receivables ratio can be elevated — confirm it against the board's threshold (49–70%) against the latest filings
- •Confirm total debt / market cap against the 33% threshold against the latest filings
- •Incidental interest income on cash should be checked against the 5% threshold and the corresponding portion of returns purified
- •Re-screen the financial ratios periodically
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