Is PANW (Palo Alto Networks, Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, PANW 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 (0.27% vs ≤33% threshold), interest income ratio (3.94% vs ≤5% threshold), and cash & securities ratio (2.35% vs ≤33% threshold).

Palo Alto Networks, Inc. is a global leader in cybersecurity solutions, protecting enterprise networks, clouds, and endpoints. The company provides advanced firewall appliances, its Panorama security management software, and subscription services dedicated to malware and persistent threat prevention. For Muslim investors using HalalStocks.co.uk, PANW presents an attractive opportunity as it fully passes the AAOIFI shariah screening criteria. The stock is considered Halal, having cleared both the business activity requirements and the rigorous financial ratio tests without issue. From an Islamic finance perspective, the company's financial structure is remarkably clean and robust. Its debt-to-market cap ratio is almost non-existent at just 0.3%, well below the 33% limit, and its interest-bearing cash and securities stand at a highly compliant 2.4% of its market capitalization. While the core cybersecurity business is perfectly aligned with Islamic principles, halal investors should continue to monitor its interest income. It currently sits at 3.94% of revenue, which is compliant, but requires regular checks to ensure it remains below the strict 5% AAOIFI threshold. Palo Alto Networks, Inc. operates in the Technology sector under the Software - Infrastructure industry and is headquartered in Santa Clara, CA, US. The company is led by CEO Nikesh Arora and employs approximately 15,758 people.

PANW 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. PANW passed 4 of these 4 screens.

Although PANW passes all shariah screens, it does earn $363.5M in interest income (3.94% 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 $3.94 to purify the income.

PANW 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.