Is NTAP (NetApp, Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, NTAP 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 (16.33% vs ≤33% threshold), interest income ratio (1.70% vs ≤5% threshold), and cash & securities ratio (17.99% vs ≤33% threshold).

NetApp, Inc. is a global technology company specializing in cloud-led data services and storage infrastructure. It provides enterprise-grade data management software, such as NetApp ONTAP and SnapMirror, alongside hardware solutions like the All-Flash FAS series to help businesses manage data efficiently across hybrid and public clouds. For Muslim investors, NetApp represents a fully Halal investment opportunity according to AAOIFI standards. The company successfully passes the core business activity screen, as providing data storage and cloud management software is inherently permissible and free from prohibited elements. From a financial perspective, NetApp demonstrates strong compliance with Islamic finance rules. Its debt-to-market cap ratio sits at a conservative 16.3%, and interest-bearing cash and securities account for 18.0% of its market cap, both well below the strict 33% limit required by AAOIFI guidelines. While the company's interest income is currently safe at 1.70% of total revenue, halal investors should continue to monitor its quarterly earnings. Ensuring that interest generated from its cash reserves remains below the 5% threshold is essential for maintaining its compliant status in the long term. NetApp, Inc. operates in the Technology sector under the Computer Hardware industry and is headquartered in San Jose, CA, US. The company is led by CEO George Kurian and employs approximately 11,800 people.

NTAP 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. NTAP passed 4 of these 4 screens.

Although NTAP passes all shariah screens, it does earn $112.0M in interest income (1.70% 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 $1.70 to purify the income.

NTAP 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.