
Is Jerash Holdings (US) (JRSH) stock Halal?
September 2026 AAOIFI screening result for Jerash Holdings (US), Inc. (JRSH): non-permissible income, pass. Interest-bearing investments, pass. Interest-bearing debt, pass. Preference shares, pass. Dividend purification factor: 100%. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Jerash Holdings (US) is an apparel manufacturing company that operates within the textile and garment industry. Its primary function is to produce and export a wide range of clothing products, focusing on casual wear which includes jackets, polo shirts, t-shirts, pants, and shorts. The company serves notable brand customers in the United States and Europe, leveraging cost-effective manufacturing based in Jordan. Before any of that matters to a Muslim investor, one question comes first: is Jerash Holdings (US) stock Halal?
Is Jerash Holdings (US) Shariah compliant?
Industrial businesses like Jerash Holdings (US) usually pass the activity screen without drama. The harder test is financial: heavy assets mean heavy financing, and AAOIFI Shariah Standard No. 21 tolerates interest bearing debt and investments only below 30% of market capitalisation, ratios that shift with every move in the share price.
Does Jerash Holdings (US) pass the business activity test?
Yes. In the September 2026 screening Jerash Holdings (US) holds an overall PASS, which a stock only earns when its core business clears the activity screen. The activity itself raises no Shariah objection; the scrutiny belongs to the financing.
Is Jerash Holdings (US)'s income Halal?
Yes, within AAOIFI's tolerance. Jerash Holdings (US)'s income from non-permissible sources stays below 5% of revenue in the September 2026 screening, and the small impure portion is handled through purification: the factor of 100% tells holders of JRSH what share of each dividend to keep and what remainder to donate to charity.
Does Jerash Holdings (US) meet AAOIFI's debt and investment ratio requirements?
Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has JRSH re-screened every month, and the result above always shows the latest verdict.
Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.
New to the four screens? Read AAOIFI Standards Explained: What Makes a Stock Halal?



