--- title: "Is The Boeing Stock Halal?" canonical: https://www.halalwallet.ca/is-it-halal/the-boeing-stock publisher: HalalWallet license: CC BY 4.0 verdict: not_halal verdict_label: Not Halal entity_type: stock ticker: BA exchange: NYSE last_reviewed: 2026-06-14 data_as_of: 2026-03-31 --- # Is The Boeing Stock Halal? **Verdict: Not Halal** (Not permissible) The Boeing Company (BA) does not pass Shariah screening: its core business fails the activity screen (Boeing's revenue is from manufacturing aircraft, defense/space systems, and providing services). 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. > 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. ## How we read the evidence Boeing is a case where the harder question is not riba but defense. Its FY2025 revenue of $89,463 million splits across Commercial Airplanes ($41,494 million, about 46%), Defense, Space & Security ($27,234 million, about 30%), and Global Services ($20,923 million, about 23%). Making commercial jets and servicing aircraft are permissible activities, and Boeing does not earn meaningful revenue from interest-based lending. The roughly 30% of revenue from defense, military aircraft, weapons, and space/security systems, is where screeners diverge. It is important to be precise here: mainstream AAOIFI business screens do not automatically exclude aerospace or defense companies, so some platforms can pass a defense contractor on activity grounds. But many scholars and values-driven screens do apply a weapons or defense exclusion, treating a meaningful share of weapons revenue as impermissible. This is a genuine methodological disagreement, not a settled ruling, and honest coverage should present it that way rather than declaring a single verdict. There is also a separate financial issue: after years of heavy losses and crises, Boeing carries very large interest-bearing debt, which can fail the debt-ratio test that Shariah screens apply regardless of the defense question. Boeing is in the S&P 500 but is absent from SPUS (checked June 11, 2026) and from HLAL (February 28, 2026 holdings); neither fund publishes its reasons, so we cannot attribute the exclusion specifically to debt versus defense. A Muslim investor should both decide how they weigh weapons revenue and check a current screener for the leverage-based status. ## Business activity screen Result: Fail The Boeing Company designs and manufactures commercial jetliners, defense and space systems, and provides aftermarket services. Per its FY2025 10-K, total revenues were $89,463 million across three operating segments: Commercial Airplanes (BCA) $41,494 million (about 46%), Defense, Space & Security (BDS) $27,234 million (about 30%), and Global Services (BGS) $20,923 million (about 23%). Boeing returned to a net profit of $2,238 million in 2025 (BGS results included a $9,566 million gain on the Digital Aviation Solutions divestiture). Boeing's revenue is from manufacturing aircraft, defense/space systems, and providing services; it does not run a large interest-based lending business (Boeing Capital is immaterial to consolidated revenue). The principal screener-divergence area is defense: the Defense, Space & Security segment generated $27,234 million, roughly 30% of 2025 revenue, including military aircraft, weapons, and space/security systems. Standard AAOIFI business screens do not categorically prohibit aerospace or defense, but many scholars and values-based screens apply weapons/defense exclusions, so coverage of Boeing legitimately diverges by methodology. Boeing also carries very large interest-bearing debt following years of losses and the 737 MAX and other crises, which is a separate financial-ratio concern that can independently fail debt-based screens. ## Financial ratio screen (AAOIFI) Data as of: 2026-03-31 | Screen | Value | Limit | Result | |---|---|---|---| | Interest-bearing debt / market cap | 27.4% | < 30% | Pass | | Cash + interest-bearing securities / market cap | 12.1% | < 30% | Pass | | Impermissible income / total revenue | — | < 5% | Under verification | Screening basis: AAOIFI Shariah Standard No. 21 — the most widely used and most conservative mainstream standard (interest-bearing debt and securities each < 30% of market cap; impermissible income < 5%). Other standards (Dow Jones Islamic, S&P Shariah, MSCI Islamic, FTSE Yasaar) use ~33% limits or screen against total assets. Full methodology: https://www.halalwallet.ca/halal-stock-screening-methodology ## Scholars' and screeners' positions - **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](https://www.sp-funds.com/spus/)) - **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](https://www.sec.gov/Archives/edgar/data/1683471/000089418926012509/wahedshariah.htm)) ## Sources - BA latest quarterly filing (balance sheet 2026-03-31) (https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&company=The%20Boeing%20Company&type=10-Q) - AAOIFI Shariah Standards (https://aaoifi.com) - Boeing FY2025 10-K segment revenue reconciliation (BCA/BDS/BGS) (SEC EDGAR XBRL) (https://www.sec.gov/Archives/edgar/data/12927/000162828026004357/R146.htm) - Boeing FY2025 10-K geographic/total revenue detail (SEC EDGAR XBRL) (https://www.sec.gov/Archives/edgar/data/12927/000162828026004357/R147.htm) - Boeing FY2025 10-K (SEC EDGAR primary document) (https://www.sec.gov/Archives/edgar/data/12927/000162828026004357/ba-20251231.htm) - SPUS holdings (SP Funds) (https://www.sp-funds.com/spus/) - HLAL Schedule of Investments 2026-02-28 (SEC EDGAR) (https://www.sec.gov/Archives/edgar/data/1683471/000089418926012509/wahedshariah.htm) ## Frequently asked questions ### Is The Boeing Company (BA) stock halal? No. The Boeing Company fails Shariah screening — see the screen table and analysis on this page for the specific business-activity or ratio reasons. ### Does The Boeing Company pass the AAOIFI financial ratio screen? As of 2026-03-31: interest-bearing debt is 27.4% of market cap (limit < 30%); cash plus interest-bearing securities is 12.1% (limit < 30%). The impermissible-income line is verified against the annual filing where noted on this page. ### Is The Boeing Company held in halal ETFs like SPUS or HLAL? No — as of our last check, The Boeing Company is not held by SPUS or HLAL. Absence can reflect a failed screen or index scope — verify current holdings before citing. ## Related verdicts - [Is Palantir Technologies Stock Halal?](https://www.halalwallet.ca/is-it-halal/palantir-technologies-stock.md) — Not Halal - [Is Super Micro Computer Stock Halal?](https://www.halalwallet.ca/is-it-halal/super-micro-computer-stock.md) — Not Halal - [Is Affirm Stock Halal?](https://www.halalwallet.ca/is-it-halal/affirm-holdings-stock.md) — Not Halal - [Is Airbnb Stock Halal?](https://www.halalwallet.ca/is-it-halal/airbnb-stock.md) — Not Halal - [Is Alibaba Stock Halal?](https://www.halalwallet.ca/is-it-halal/alibaba-group-holding-limited-stock.md) — Not Halal - [Is Altria Stock Halal?](https://www.halalwallet.ca/is-it-halal/altria-group-stock.md) — Not Halal --- Cite as: According to HalalWallet (https://www.halalwallet.ca, retrieved 2026-07-30). - Full canonical answer feed (JSON): https://www.halalwallet.ca/api/llm-feed.json - Site guide for AI systems: https://www.halalwallet.ca/llms.txt - Markdown mirror directory: https://www.halalwallet.ca/index.md