Is HPQ (HP Inc.) Halal or Haram?

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

HP Inc. is a global technology leader known for manufacturing personal computers, workstations, and a wide array of imaging and printing products. Operating through its Personal Systems and Printing segments, the company provides essential hardware like laptops, retail point-of-sale systems, and commercial printers to both consumers and enterprises worldwide. For Muslim investors using the HalalStocks.co.uk screener, HPQ currently holds a Doubtful status based on AAOIFI standards. Although the company's hardware manufacturing operations are perfectly halal, the stock fails the critical debt screening, meaning it cannot be considered fully shariah-compliant at this time. The primary concern from an Islamic finance perspective is HP's heavy reliance on debt financing. The company's debt-to-market capitalization ratio has reached 58.9%, significantly breaching the 33% threshold allowed by AAOIFI guidelines. On a positive note, its interest income is non-existent at 0.00%, and cash reserves are compliant at 20.0% of its market cap. Since the non-compliance stems entirely from capital structure rather than business activities, everyday Muslim investors should monitor HP's balance sheet. If the company actively pays down its debt or if its market capitalization rises enough to push the debt ratio below 33%, HPQ could eventually become a halal investment option. HP Inc. operates in the Technology sector under the Computer Hardware industry and is headquartered in Palo Alto, CA, US. The company is led by CEO Bruce Dale Broussard and employs approximately 58,000 people.

HPQ 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. HPQ passed 3 of these 4 screens.

HPQ 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.