Is HPE (Hewlett Packard Enterprise Company) Halal or Haram?

Based on our AAOIFI-standard shariah screening, HPE 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 HPE.

Hewlett Packard Enterprise Company (HPE) is a global technology leader specializing in enterprise-level data solutions and communication equipment. The company provides a robust portfolio of hardware and software, including ProLiant servers, Cray supercomputing products, and Modular Storage Arrays designed to help businesses manage and analyze vast amounts of data seamlessly. For Muslim investors screening stocks on HalalStocks.co.uk, HPE currently holds a Doubtful compliance status. Although its core business activities are permissible and it passes the cash and interest income screens, it fails the critical debt threshold required by AAOIFI standards, meaning it cannot currently be considered a halal investment. The primary concern from an Islamic finance perspective is HPE's heavy reliance on debt financing, with a debt-to-market cap ratio of 60.3%, well above the 33% limit. On a positive note, the company generates virtually zero interest income, but the excessive leverage makes the stock unsuitable for shariah-conscious portfolios at this time. Since HPE's non-compliance is entirely tied to its capital structure rather than haram business activities, Muslim investors should monitor its balance sheet. If the company significantly pays down its debt or its market capitalization rises enough to push the debt ratio below 33%, it could potentially become a compliant option in the future. Hewlett Packard Enterprise Company operates in the Technology sector under the Communication Equipment industry and is headquartered in Spring, TX, US. The company is led by CEO Antonio Fabio Neri and employs approximately 61,000 people.

HPE 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. HPE passed 3 of these 4 screens.

HPE 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.