Halal Tech Stocks
A complete list of halal-screened technology stocks. Every company has been analysed using AAOIFI shariah criteria across four dimensions: business activity, debt ratio, interest income, and cash ratios. Only companies passing all four screens are listed.
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Halal stocks
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Sectors covered
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Screening criteria
Halal Technology Stocks
94 Technology companies currently pass all shariah criteria. Click any stock for its full screening report.
Apple Inc.
Accenture plc
Adobe Inc.
Analog Devices, Inc.
Autodesk, Inc.
Applied Materials, Inc.
Advanced Micro Devices, Inc.
Arista Networks, Inc.
Amphenol Corporation
Applied Digital Corporation
AppLovin Corporation
Arm Holdings plc American Depositary Shares
ASML Holding N.V.
Broadcom Inc.
BlackBerry Limited
BigBear.ai Holdings, Inc.
Broadridge Financial Solutions, Inc.
Webull Corporation Class A Ordinary Shares
FreeCast, Inc. Class A Common Stock
Cadence Design Systems, Inc.
Ciena Corporation
Coherent, Inc.
Salesforce, Inc.
CrowdStrike Holdings, Inc.
CoreWeave, Inc. Class A Common Stock
Cisco Systems, Inc.
Cognizant Technology Solutions Corporation
Datadog, Inc.
Dell Technologies Inc.
EPAM Systems, Inc.
F5, Inc.
Fair Isaac Corporation
Fidelity National Information Services, Inc.
Fortinet, Inc.
Fortive Corporation
Corning Incorporated
Alphabet Inc.
Alphabet Inc.
Garmin Ltd.
International Business Machines Corporation
Intel Corporation
Intuit Inc.
Jabil Inc.
Jack Henry & Associates, Inc.
Keysight Technologies, Inc.
KLA Corporation
KULR Technology Group, Inc.
Leidos Holdings, Inc.
Lumentum Holdings Inc.
Lam Research Corporation
Microchip Technology Incorporated
Meta Platforms, Inc.
Monolithic Power Systems, Inc.
Marvell Technology, Inc.
Microsoft Corporation
Motorola Solutions, Inc.
Strategy Inc
Micron Technology, Inc.
Navan, Inc.
ServiceNow, Inc.
NetApp, Inc.
NVIDIA Corporation
NXP Semiconductors N.V.
ON Semiconductor Corporation
Oracle Corporation
Palo Alto Networks, Inc.
PTC Inc.
Qnity Electronics, Inc.
D-Wave Quantum Inc.
QUALCOMM Incorporated
QuickLogic Corporation
Red Cat Holdings, Inc.
The Sage Group plc
Shopify Inc.
Super Micro Computer, Inc.
Sandisk Corporation
Snowflake Inc.
Synopsys, Inc.
Seagate Technology Holdings plc
Skyworks Solutions, Inc.
Teledyne Technologies Incorporated
TE Connectivity Ltd.
Teradyne, Inc.
Trimble Inc.
The Trade Desk, Inc.
Texas Instruments Incorporated
Tyler Technologies, Inc.
Unity Software Inc.
Uber Technologies, Inc.
VeriSign, Inc.
Versus Systems Inc.
Workday, Inc.
Western Digital Corporation
Zebra Technologies Corporation
Are Technology Stocks Halal?
Technology companies are among the most commonly screened stocks by Muslim investors. The good news is that the vast majority of software, cloud, semiconductor, and hardware businesses pass the business activity screen — technology itself is permissible under Islamic finance.
The key tests for tech stocks are the financial ratio screens. Many large tech companies — especially those with strong cash flows — accumulate significant cash reserves in interest-bearing instruments. If this exceeds 33% of market cap, the stock fails the cash screen.
Based on our current screening, 94 technology companies pass all four AAOIFI criteria. Common exclusions include companies with excessive cash holdings or those earning material interest income from their treasury operations.
How We Screen for Halal Compliance
Our methodology follows AAOIFI (Accounting and Auditing Organisation for Islamic Financial Institutions) standards.
1. Business Activity
No significant revenue from alcohol, gambling, tobacco, pork, weapons, or conventional interest-based banking and insurance.
2. Debt Ratio ≤ 33%
Total debt divided by market capitalisation must be below 33%. Heavily leveraged companies rely excessively on interest-bearing borrowing (riba).
3. Interest Income ≤ 5%
Interest income as a share of total revenue must not exceed 5%, ensuring no material forbidden interest-based income.
4. Cash & Securities ≤ 33%
Cash and short-term interest-bearing investments must stay below 33% of market cap.
Why Invest in These Stocks?
Long-term growth engine
Technology has been the best-performing sector of the past two decades, driven by compounding returns from software, cloud computing, AI, and semiconductors. Halal tech stocks let Muslim investors participate in this growth without compromising their faith.
Asset-light business models
Most software and platform companies have minimal physical debt requirements, often resulting in low debt-to-market-cap ratios that naturally pass shariah screens. This makes tech one of the most halal-friendly sectors.
Global demand
Technology products and services are sold globally, making these companies less exposed to any single economy. Diversification across software, hardware, and semiconductors provides resilience.
AI and innovation tailwinds
Artificial intelligence, cloud computing, and the semiconductor boom are multi-decade structural trends. Many of the companies driving these trends pass shariah screens.
Why Are Some Companies Excluded?
Excessive cash holdings: Some tech giants — particularly those sitting on hundreds of billions in Treasury bonds and interest-bearing instruments — fail the cash-and-securities ratio (≤33% of market cap). This is the most common reason for exclusion in the technology sector.
Interest income: Companies that earn meaningful interest on their vast cash reserves may exceed the 5% interest income threshold, particularly in high-interest-rate environments.
Excessive debt: Some hardware and telecommunications companies carry significant debt from capital expenditure programmes. If debt exceeds 33% of market cap, they fail the debt screen.
Frequently Asked Questions
Are technology stocks generally halal?
Technology companies — software, cloud, semiconductors, hardware — are generally permissible from a business activity standpoint. The main risks are the financial ratio screens: cash holdings in interest-bearing instruments, interest income from treasury operations, and debt levels. Many tech companies pass all four AAOIFI criteria.
Is Apple (AAPL) halal?
Apple's core business — consumer electronics and software — is permissible. The key watch point is Apple's large cash position held in interest-bearing securities. Check the AAPL page on HalalStocks.co.uk for the latest screening result with current financial data.
Is Microsoft (MSFT) halal?
Microsoft's business — cloud computing, enterprise software, gaming, and developer tools — is permissible. Microsoft's financial ratios are typically within AAOIFI thresholds. See the MSFT page for the current screening result.
Is NVIDIA (NVDA) halal?
NVIDIA designs graphics processing units (GPUs) and AI chips. Its business activity is permissible. NVIDIA's rapid market cap growth has kept its financial ratios within halal thresholds in recent years. See the NVDA page for the latest result.
Is Alphabet/Google (GOOGL) halal?
Alphabet derives most revenue from advertising through Google Search and YouTube. While advertising itself is generally permissible, some scholars question whether advertising for prohibited products (alcohol, gambling) creates exposure. The financial ratios are typically within AAOIFI thresholds. Check the GOOGL page for the current result.
What tech stocks are definitely not halal?
Technology companies that fail the screen most commonly do so due to excessive cash in interest-bearing instruments (cash ratio > 33%), or interest income exceeding 5% of revenue. Some fintech companies that offer interest-based products also fail the business activity screen.
Check Any Stock's Halal Status
Want to screen a specific stock? Use our free shariah screener — instant results for any UK or US listed company.