Blog
Practical writing on halal investing, from Shariah stock reviews to purification, portfolio building, and screening methodology.
Investing Guides
Is There a Halal Way Into Real Estate Stocks in May 2026?
We screened 110 REITs under AAOIFI Standard 21 and nine passed. The rest fail on debt ratios baked into the 1960 REIT structure itself.
Why HLAL Failed 22 AAOIFI Screens
We ran every HLAL holding through AAOIFI screening. 22 came back non-compliant, not from data errors but because FTSE and AAOIFI draw the line differently.
Halal Stock Screening's Data Problem
Most halal stock screeners present estimates as calculations. The inputs behind those clean ratios involve judgment calls that the numbers hide.
Getting Started with Halal Investing: A Beginner's Guide
A practical guide to Shariah-compliant stock investing: AAOIFI screening, dividend purification, zakat methods, and where to start on halal.sh.
Stock Reviews
Is Broadcom Stock Halal in June 2026?
Broadcom (AVGO) passes AAOIFI screening with 3.32% debt and 1.02% prohibited income. The AI chip leader designs custom silicon for hyperscalers.
Is Cisco Stock Halal?
Cisco (CSCO) is COMPLIANT under AAOIFI with a 6.60% debt ratio and 1.44% interest income. Networking giant transformed by AI and the Splunk acquisition.
Is Credo Technology Stock Halal?
Credo Technology (CRDO) is COMPLIANT under AAOIFI with 0% debt and 2.3% interest income. AI data center connectivity with a pristine balance sheet.
Is CrowdStrike Stock Halal?
CrowdStrike (CRWD) is COMPLIANT under AAOIFI with 0.41% debt and 3.73% interest income. Defensive cybersecurity SaaS; interest ratio is one to watch.
Is Lam Research Stock Halal?
Lam Research (LRCX) is COMPLIANT under AAOIFI with a 1.02% debt ratio and 0.99% interest income. Plasma etch leader for advanced chip fabs.
Is Pfizer Stock Halal?
Pfizer (PFE) is NON-COMPLIANT under AAOIFI. Debt at 43.5% of market cap exceeds 30% ceiling. Pharma business permissible; Seagen debt is the problem.
Is Planet Labs Stock Halal?
Planet Labs (PL) is NON-COMPLIANT under AAOIFI. Interest income 5.24% of revenue, narrowly above 5%. Permissible Earth-imaging business with narrow breach.
Is POET Technologies Stock Halal?
POET Technologies (POET) is NON-COMPLIANT under AAOIFI. Cash 33.6% and interest 423.6% of revenue both fail. Pre-revenue photonics, permissible business.
Is Reddit Stock Halal?
Reddit (RDDT) is NON-COMPLIANT under AAOIFI. Financial ratios all pass with zero debt; platform fails the activity screen by facilitating adult content.
Is Shopify Stock Halal?
Shopify (SHOP) is NON-COMPLIANT under AAOIFI. Shopify Capital lending plus treasury interest totals 5.1% of revenue, marginally above the 5% cap.
Is Snowflake Stock Halal in June 2026?
Snowflake (SNOW) passes AAOIFI screening with 3.55% interest income, 1.45pp below the 5% limit. Trending in the right direction.
Is Walmart Stock Halal?
Walmart (WMT) is NON-COMPLIANT under AAOIFI. All ratios pass, but undisclosed alcohol, pork, and tobacco revenue cannot be confirmed under the 5% cap.
Is Alibaba Stock Halal?
Alibaba (BABA) is NON-COMPLIANT under AAOIFI. Cash and securities at 35.3% of market cap exceed the 30% threshold. Core e-commerce business is permissible.
Is Applied Materials Stock Halal?
Applied Materials (AMAT) is COMPLIANT under AAOIFI with a 1.88% debt ratio. Makes the machines that manufacture every advanced chip on Earth.
Is Applied Optoelectronics Stock Halal?
Applied Optoelectronics (AAOI) is COMPLIANT under AAOIFI with a 1.38% debt ratio. Ships 800G and 1.6T optical transceivers to hyperscale AI data centers.
Is Chevron Stock Halal?
Chevron (CVX) is COMPLIANT under AAOIFI with a 10.6% debt ratio. Clean financials, but Israeli gas operations raise ethical questions.
Is Lumentum Stock Halal?
Lumentum (LITE) is COMPLIANT under AAOIFI with a 4.01% debt ratio. Makes the lasers inside 1.6T optical transceivers for hyperscale AI clusters.
Is Navitas Semiconductor Stock Halal?
Navitas Semiconductor (NVTS) is NON-COMPLIANT under AAOIFI. Interest income is 10.9% of revenue, more than double the 5% cap. Permissible GaN/SiC business.
Is Novo Nordisk Stock Halal?
Novo Nordisk (NVO) is COMPLIANT under AAOIFI with a 12.15% debt ratio. The world's largest diabetes and obesity drug maker passes all three screens.
Is Quantum Computing Inc. Stock Halal?
Quantum Computing Inc. (QUBT) is NON-COMPLIANT under AAOIFI. Cash 59.47% of market cap, interest 750.3% of revenue. Permissible quantum photonics business.
Is Vistra Stock Halal?
Vistra (VST) is NON-COMPLIANT under AAOIFI. Debt at 35.5% of market cap exceeds the 30% threshold. Permissible power generation with AI data center deals.
Is Western Digital Stock Halal?
Western Digital (WDC) is COMPLIANT under AAOIFI with a 1.08% debt ratio. Pure-play HDD manufacturer benefiting from AI data center storage demand.
Is Constellation Energy Stock Halal?
Constellation Energy (CEG) is COMPLIANT with a 22.90% debt ratio. The nuclear generator passes, but the Calpine deal has tightened the debt margin.
Is Dell Technologies Stock Halal?
Dell (DELL) is NON-COMPLIANT with 30.33% debt, 0.33 points above the 30% threshold. A borderline IT hardware giant that could flip in one quarter.
Is Exxon Mobil Stock Halal?
Exxon Mobil (XOM) is COMPLIANT with a 7.54% debt ratio. The oil major passes cleanly, the first energy stock covered on halal.sh.
Is Hims & Hers Stock Halal?
Hims & Hers (HIMS) is COMPLIANT with a 15.3% debt ratio. The telehealth platform's product mix, not its headlines, makes it permissible.
Is Johnson & Johnson Stock Halal?
Johnson & Johnson (JNJ) is COMPLIANT with a 10.0% debt ratio. Pure pharma and medtech after the consumer spinoff, a clean pass on every dimension.
Is Mastercard Stock Halal?
Mastercard (MA) is COMPLIANT with a 4.5% debt ratio. The payment network earns fees, not interest. The natural pair to the existing Visa post.
Is Nokia Stock Halal?
Nokia (NOK) is COMPLIANT with a 14.06% debt ratio. The telecom business passes; Israel operations raise ethical questions.
Is Oklo Stock Halal?
Oklo (OKLO) is NON-COMPLIANT. Zero revenue, $46.8M in interest income. The pre-revenue nuclear startup fails the prohibited income screen by a wide margin.
Is Ondas Holdings Stock Halal?
Ondas (ONDS) is NON-COMPLIANT. Interest at 21.79% of revenue from a $1.5B treasury. The drone business is fine; the cash pile is not.
Is Qualcomm Stock Halal?
Qualcomm (QCOM) is COMPLIANT with a 9.17% debt ratio. The wireless chip and patent-licensing giant fills the last gap in halal.sh's semiconductor coverage.
Is Redwire Stock Halal?
Redwire (RDW) is NON-COMPLIANT. All ratios pass, but the Defense Tech segment (combat drones in Ukraine) fails the business activity screen.
Is Rigetti Computing Stock Halal?
Rigetti (RGTI) is NON-COMPLIANT. Interest is 197% of revenue. Quantum computing is permissible, but the pre-revenue cash pile breaks the math.
Is Strategy (MicroStrategy) Stock Halal?
Strategy/MicroStrategy (MSTR) is COMPLIANT with an 11.94% debt ratio. A bitcoin-treasury company that passes every AAOIFI screen.
Is Vertiv Stock Halal?
Vertiv (VRT) is COMPLIANT with a 2.4% debt ratio. Data center power and cooling, the widest margins in the AI infrastructure cluster.
Is Adobe Stock Halal?
Adobe (ADBE) is COMPLIANT under AAOIFI with 5.88% debt and 1.08% prohibited income. Creative software company behind Photoshop passes all screens.
Is Circle Stock Halal?
Circle (CRCL) fails AAOIFI despite 0% debt and 6.8% cash ratios. Stablecoin reserve interest is 95.4% of revenue: the business is the interest.
Is CoreWeave Stock Halal?
CoreWeave (CRWV) is NON-COMPLIANT under AAOIFI. AI cloud business is permissible, but debt-financed GPUs push debt to 41.03% of market cap.
Is Costco Stock Halal?
Costco (COST) is NON-COMPLIANT under AAOIFI. All three ratios pass, but undisclosed alcohol, pork, and tobacco revenue can't be confirmed under the 5% cap.
Is D-Wave Stock Halal?
D-Wave (QBTS) is NON-COMPLIANT under AAOIFI. Interest income is 215.4% of revenue: more income from Treasury bills than from quantum computing.
Is IBM Stock Halal?
IBM is COMPLIANT under AAOIFI with 26.7% debt, 3.3 points below 30%. Enterprise tech giant whose debt screen has improved but remains the ratio to watch.
Is IonQ Stock Halal?
IonQ (IONQ) is NON-COMPLIANT under AAOIFI. Quantum computing is permissible, but 42.4% interest-to-revenue from a $3B cash pile is not.
Is Marvell Stock Halal?
Marvell (MRVL) is COMPLIANT under AAOIFI with 2.8% debt, 2.2% cash, and effectively 0% prohibited income. Data infrastructure chips for AI hyperscalers.
Is Oracle Stock Halal?
Oracle (ORCL) is COMPLIANT under AAOIFI with 19.14% debt. Database and cloud firm whose market-cap rally has widened its buffer from near-threshold levels.
Is Sandisk Stock Halal?
Sandisk (SNDK) is COMPLIANT under AAOIFI with 0% debt and 0.39% prohibited income. Flash memory giant, newly independent from Western Digital in 2025.
Is ServiceNow Stock Halal?
ServiceNow (NOW) is COMPLIANT under AAOIFI. All ratios pass, but 3.19% interest income is high for enterprise SaaS; a $7.9B cash pile drives the number.
Is SoFi Stock Halal?
SoFi (SOFI) is NON-COMPLIANT under AAOIFI. A chartered national bank: interest-based lending is the business, and the ratios confirm it.
Is Spotify Stock Halal?
Spotify (SPOT) fails AAOIFI screening despite clean financial ratios. Core business is music distribution, which most scholars consider impermissible.
Is Rocket Lab Stock Halal?
Rocket Lab (RKLB) is NON-COMPLIANT under AAOIFI. The financial ratios all pass; its missile-defense and hypersonic-weapons work fails the activity screen.
Is SpaceX (SPCX) Stock Halal?
Is SpaceX (SPCX) stock halal? No. It passes the AAOIFI financial ratios but fails the business-activity screen: it owns X plus missile-defense work.
Is Airbnb Stock Halal in May 2026?
Airbnb (ABNB) fails AAOIFI screening with 5.43% interest income, above the 5% threshold. The marketplace is permissible.
Is Amazon Stock Halal in May 2026? No. Prime Video Pushes It Over the Line.
Amazon (AMZN) fails AAOIFI screening. Prime Video and Amazon Music push prohibited income to 5.10%, just above the 5% threshold.
Is AMD Stock Halal in May 2026?
AMD passes AAOIFI screening with 0.43% debt ratio and 0.91% interest income. It competes with Intel in CPUs and NVIDIA in GPUs.
Is Apple Stock Halal in May 2026?
Apple (AAPL) passes AAOIFI screening with 2.06% debt, 3.57% cash, and 1.01% interest income. Services remain a qualitative watch item.
Is Applied Digital Stock Halal in May 2026?
Applied Digital (APLD) passes AAOIFI with a 29.94% debt ratio, barely under the 30% limit. Cash and interest income pass.
Is AppLovin Stock Halal in May 2026?
AppLovin (APP) passes AAOIFI screening with 2.19% debt and 0.70% interest income. Clean ratios, but short seller allegations and an SEC probe loom.
Is Arista Networks Stock Halal in May 2026?
Arista Networks (ANET) passes AAOIFI screening with 0% debt and 4.14% interest income. The cloud networking leader wiring AI data centers.
Is ARM Stock Halal in May 2026?
ARM Holdings (ARM) passes AAOIFI screening with near-zero debt and 2.89% interest income. Licenses chip designs powering half of hyperscaler compute.
Is ASML Stock Halal in May 2026?
ASML (ASML) passes AAOIFI screening with 1.20% debt and 1.41% prohibited income. Monopoly on EUV lithography. No military or UN concerns.
Is AST SpaceMobile Stock Halal in May 2026?
AST SpaceMobile (ASTS) is NON-COMPLIANT. Interest income is 80.10% of revenue. The satellite broadband business is permissible but pre-commercial.
Is Cadence Design Systems Stock Halal in May 2026?
Cadence (CDNS) passes AAOIFI screening with 2.64% debt and 1.69% interest income. Half of the EDA duopoly powering advanced chip design.
Is Disney Stock Halal in May 2026?
Disney (DIS) is non-compliant under AAOIFI Standard 21. Entertainment and streaming (Disney+, Hulu) fail the business activity screen outright.
Is Eli Lilly Stock Halal in May 2026?
Eli Lilly (LLY) is COMPLIANT under AAOIFI with 0.42% prohibited income. The $27B Mounjaro/Zepbound franchise clears every threshold.
Is Figma Stock Halal in May 2026?
Figma (FIG) fails AAOIFI screening despite zero debt. Interest on its $1.65B cash pile is 5.32% of revenue, just over the 5% threshold.
Is Google Stock Halal in May 2026?
Alphabet (GOOGL) passes AAOIFI screening with 1.67% debt, 2.85% cash, and 1.12% interest income. Project Nimbus raises ethical concerns.
Is Intel Stock Halal in May 2026?
Intel (INTC) passes AAOIFI screening with 6.92% debt and 2.06% prohibited income. Major ethical concerns: Israel operations and military contracts.
Is IREN Stock Halal in May 2026?
IREN fails AAOIFI because interest income is 6.13% of revenue. Debt now passes, but prohibited income is above the 5% cap.
Is Meta Stock Halal in May 2026?
Meta (META) passes AAOIFI screening with 3.2% debt and 1.06% interest income. Core business is ads, not content distribution. Ethical concerns remain.
Is Micron Stock Halal in May 2026?
Micron (MU) is COMPLIANT under AAOIFI with 0.99% prohibited income. One of three companies that make the world's memory chips.
Is Microsoft Stock Halal in May 2026?
Microsoft (MSFT) passes AAOIFI screening with 0.94% impermissible income. Gaming revenue raises scholarly questions but stays well within limits.
Is Nebius Stock Halal in May 2026?
Nebius (NBIS) is NON-COMPLIANT. Interest income is 6.00% of revenue, still above AAOIFI's 5% cap. Four permissible businesses, one ratio problem.
Is Netflix Stock Halal in May 2026? The Numbers Pass Every Test. The Content Doesn't.
Netflix (NFLX) fails AAOIFI screening despite passing all financial ratios. The problem is the product: entertainment with substantial explicit content.
Is NVIDIA Stock Halal in May 2026? Financially, Yes. Ethically, Read the UN Report.
NVIDIA (NVDA) passes AAOIFI screening with 0.92% interest income. Named in a UN report on genocide complicity. Halal and ethical are not the same.
Is Palantir Stock Halal in May 2026?
Palantir (PLTR) fails AAOIFI screening because military targeting software is core business. Interest income now passes at 4.69%.
Is Robinhood Stock Halal in May 2026? No. The Numbers Are as Bad as the Business.
Robinhood (HOOD) fails AAOIFI on multiple counts. 33.85% of revenue is interest, plus options derivatives and prediction market gambling.
Is Super Micro Computer Stock Halal in May 2026?
Super Micro Computer (SMCI) fails AAOIFI screening with a 47.0% debt ratio. The server business is permissible, but leverage is too high.
Is Tesla Stock Halal in May 2026? Yes. The Insurance Arm Loses Money. That Helps.
Tesla (TSLA) passes AAOIFI screening with 1.77% prohibited income. Holds 11,509 Bitcoin ($1.24B) and runs a money-losing insurance arm. Clean overall.
Is TSMC Stock Halal in May 2026? Every Advanced Chip on Earth Runs Through One Company.
TSMC (TSM) is COMPLIANT under AAOIFI with 1.71% debt and 2.78% prohibited income. The foundry monopoly passes all screens.
Is Uber Stock Halal in May 2026?
Uber (UBER) passes AAOIFI screening with 6.78% debt and 1.40% prohibited income. $749M interest from cash holdings. Major labor ethics concerns.
Is UiPath Stock Halal in May 2026?
UiPath (PATH) passes AAOIFI screening with zero debt, 28.62% cash, and 2.98% interest income. The cash screen is close to AAOIFI's 30% ceiling.
Is Visa Stock Halal in May 2026?
Visa (V) passes AAOIFI screening with 3.72% debt and 1.82% prohibited income. Visa earns processing fees, not credit card interest.