Is AKAM (Akamai Technologies, Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, AKAM is classified as Doubtful. It passed 3 of 4 compliance screens. Some scholars may permit investing with income purification, while others advise avoiding it. We recommend consulting a qualified Islamic scholar before investing in AKAM.

Akamai Technologies, Inc. is a global technology leader specializing in cloud infrastructure, cybersecurity, and content delivery networks. The company provides essential services that optimize web performance, secure applications from cyberattacks, and facilitate seamless media delivery like video streaming and software distribution. For Muslim investors utilizing HalalStocks.co.uk, Akamai currently holds a Doubtful compliance status based on AAOIFI standards. Although its core business activities are fully permissible, the stock fails the financial screening criteria, meaning it is not considered a halal investment at this time. The primary concern for Islamic investors is Akamai's high leverage, with a debt-to-market capitalization ratio of 49.2%, which breaches the strict 33% limit. Fortunately, its other financial metrics are compliant, including a low interest income-to-revenue ratio of just 1.68% and a cash-to-market cap ratio of 8.5%. Since the non-compliance is entirely driven by market capitalization and debt fluctuations rather than haram business activities, Muslim investors should monitor Akamai's balance sheet. If the company reduces its debt burden or its market value increases sufficiently, it could return to a fully Shariah-compliant status. Akamai Technologies, Inc. operates in the Technology sector under the Software - Infrastructure industry and is headquartered in Cambridge, MA, US. The company is led by CEO F. Thomson Leighton and employs approximately 10,811 people.

AKAM was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. AKAM passed 3 of these 4 screens.

AKAM was last screened on 2026-04-29. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.