HSIC
Henry Schein, Inc.
Is HSIC Halal?
Dental and medical distribution — a permissible healthcare-supply business, with receivables and debt to screen.
What You Should Know
Henry Schein, Inc. is a leading distributor of dental, medical, and animal-health products and services, supplying equipment, consumables, and practice-management technology to office-based practitioners. Distributing healthcare supplies is a clearly permissible activity with no haram revenue line. As with other distributors, 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; Henry Schein has generally screened within range. Interest income on cash is incidental and should be checked against the 5% threshold and purified.
⚠️ Concerns
- •Distribution model can leave an elevated receivables ratio — 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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