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Is Palo Alto Networks Inc (PANW) stock halal?
Below the AAOIFI thresholds (debt, investments, impermissible income): admitted, with purification. The strict view excludes it.
This verdict follows the median view, that of AAOIFI Standard No. 21. It is based on the financial statements for the fiscal year ended 07/31/2026.
The ratios
| Criterion | Measure | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 1.4% of market capitalization | 30% | within threshold |
| Interest-bearing investments | 6.4% of market capitalization | 30% | within threshold |
| Impermissible income | 3.3% of revenue | 5% | within threshold |
Standard: AAOIFI, Standard No. 21.
Margin to threshold and trend
| Item | Ratio (fiscal year end) | Threshold (AAOIFI, Standard No. 21) | Margin | Change since year end | Estimated ratio |
|---|---|---|---|---|---|
| Interest-bearing debt | 1.4% | 30% | 28.6% | not read | — |
| Interest-bearing investments | 6.4% | 30% | 23.6% | not read | — |
No quarterly financial statements after fiscal year end, or inconsistent reading: the change is not shown. "On watch" flags a permitted company whose estimated ratio reaches the threshold, or is within 5 points of the threshold and rising. This is neither a forecast nor advice.
The three views
- Median view, our reference : the company is admitted, provided the gains are purified.
- Strictest view : the company is excluded, because it borrows or invests at interest.
- Most lenient view : the company is admitted (Al Rajhi, Albilad Capital).
Business activity
Computer Peripheral Equipment, NEC (SIC code 3577)
Financial statements read
Fiscal year ended 07/31/2026, in millions of dollars. Source: SEC EDGAR: annual reports of Palo Alto Networks Inc.
What could not be verified
- Activity classified from the SEC sector code, without reading the annual report.
- Figures read automatically and not reviewed by a human.
Status history
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In the same sector
- CISCO SYSTEMS, INC. Permitted
- Dell Technologies Inc. Questionable
- Arista Networks, Inc. Permitted
- Sandisk Corp Permitted
- INTERNATIONAL BUSINESS MACHINES CORP Permitted
- Seagate Technology Holdings plc Permitted
- WESTERN DIGITAL CORP Permitted
- Fortinet, Inc. Permitted
Compliance comparison only: no opinion on the value of these securities.
General information: neither investment advice nor a fatwa. Verdict calculated by published rules, from financial statements read automatically and not reviewed by a human. Read the methodology