SXI
Standex International Corporation
Is SXI Halal?
Diversified industrial manufacturer — a permissible manufacturing business, with a conservative balance sheet.
What You Should Know
Standex International Corporation is a diversified industrial manufacturer producing electronics components, scientific refrigeration, engraving, engineering technologies, and specialty solutions. Manufacturing diversified industrial products is a clearly permissible activity with no haram revenue line of its own. Standex is known for a conservative balance sheet, which makes the leverage screen straightforward — total debt / market cap should still be confirmed against the 33% threshold using the latest filings, but it has generally screened comfortably within range. As a manufacturer, the receivables ratio is worth checking, and incidental interest income on cash should be checked against the 5% threshold and the corresponding portion of returns purified.
⚠️ Concerns
- •Confirm total debt / market cap stays under the 33% threshold against the latest filings, though leverage is typically modest
- •Manufacturer receivables should be confirmed against the board's threshold (49–70%) against the latest filings
- •Incidental interest income on cash should be checked against the 5% threshold and the corresponding portion of returns purified
- •Cyclical with industrial and electronics demand — re-screen the ratios periodically
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