Is FTNT (Fortinet, Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, FTNT is Halal and considered permissible for Muslim investors. It passed all 4 of 4 compliance screens including business activity review, debt-to-market-cap ratio (1.57% vs ≤33% threshold), interest income ratio (2.39% vs ≤5% threshold), and cash & securities ratio (5.65% vs ≤33% threshold).

Fortinet, Inc. is a global leader in automated cybersecurity solutions, securing digital infrastructure across the Americas, Europe, and Asia. Its core offerings include the FortiGate hardware and software licenses, which provide essential network security functions like firewalls, intrusion prevention, and anti-malware protection. For Muslim investors, Fortinet represents a solid Halal investment opportunity within the technology sector. The stock successfully passes all four AAOIFI screening criteria, meaning its core business operations and financial structures align strictly with Islamic finance principles. From an Islamic finance perspective, Fortinet's balance sheet is exceptionally clean, highlighted by a negligible debt-to-market cap ratio of just 1.6%. Additionally, the company's cash and securities account for only 5.6% of its market cap, and its interest income remains comfortably below the 5% threshold at 2.39%. Since cybersecurity is an inherently permissible industry, there is no significant scholarly debate regarding Fortinet's core business model. However, halal investors should periodically monitor its interest-bearing cash reserves to ensure interest income continues to stay below the 5% limit as the company grows. Fortinet, Inc. operates in the Technology sector under the Software - Infrastructure industry and is headquartered in Sunnyvale, CA, US. The company is led by CEO Ken Xie and employs approximately 14,556 people.

FTNT 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. FTNT passed 4 of these 4 screens.

Although FTNT passes all shariah screens, it does earn $162.3M in interest income (2.39% of revenue). Many scholars recommend purifying this portion by donating the equivalent percentage of any dividends received to charity. For example, if you receive $100 in dividends, you would donate approximately $2.39 to purify the income.

FTNT 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.