Is Genuine Parts Company Stock Halal?

Is Genuine Parts Company Stock Halal?

How much of Genuine Parts Company’s revenue comes from haram?

Genuine Parts Company earns its revenue from the following revenue sources:

  • Automotive:

Includes replacement parts and accessories for imported vehicles, hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, and farm vehicles. 

In addition, the Company distributes replacement parts for small engines, farm equipment, marine equipment, and heavy-duty equipment.

  • Industrial:

Includes revenue from selling industrial replacement parts and related supplies such as bearings, mechanical and electrical power transmission products, hoses, industrial automation and robotics, industrial safety supplies, and material handling products.

The contributions from each of Genuine Parts Company’s revenue segments in their 2020 annual report were as follows:

Practical Islamic Finance concludes:

None of Genuine Parts Company’s revenue comes from anything inherently haram.

Does Genuine Parts Company rely on interest to operate?

for period ended
Fiscal year
Fiscal year
Interest Income $1,483$2,665$4,178
Total Revenue$9,248,452$16,537,433$17,522,234
Interest Expense $35,169$93,713$95,583
Total Expenses$8,719,207$16,122,490$16,611,323
Interest Income / Revenue0.02%0.02%0.02%
Interest Expense / Total Expense0.40%0.58%0.58%
*Numbers in thousands, U.S. dollars

Practical Islamic Finance concludes:

Riba is used but not relied upon in Genuine Parts Company’s operations.

What is Genuine Parts Company’s Environmental, Social, and Governance (ESG) impact?


According to Genuine Parts Company’s 2020 Sustainability Report, the Company reduced its greenhouse gas emissions by 5.3 percent while increasing global sales by 3.5 percent from 2019 to 2020.


Genuine Parts Company has an above-average Glassdoor rating of 3.5 out of 5.0 from over 200 current and previous employees compared to a 3.3 average for all other Glassdoor rated companies.


No notable governance highlights.

Practical Islamic Finance concludes:

Genuine Parts Company has a net positive ESG impact.

Comfort Rating

From Genuine Parts Company’s business, financial, and ESG reviews, Practical Islamic Finance rates Genuine Parts Company stock as:

Comfortable to invest in from a Halal perspective.


Genuine Parts Company 2021 Q2 10-Q 

Genuine Parts Company 2020 10-K 

Genuine Parts Company Reviews 

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