Is AAPL halal?

What the company does

Apple makes the iPhone, Mac, iPad, Apple Watch and AirPods. More than half of its money comes from iPhone sales and about 25% from Services (App Store, iCloud, Apple Music, AppleCare, the Google search deal). Devices are assembled by contractors like Foxconn.

What was checked

The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.

• Business activity

  No prohibited activity

• Interest-bearing debt / market cap

  limit 30%

  Interest-bearing debt $84.34B ÷ 36-month average market cap $3483.17B = 2.4%

  2.4%

  Pass

• Cash & investments / market cap

  limit 30%

  Cash + interest-bearing securities $146.52B ÷ 36-month average market cap $3483.17B = 4.2%

  4.2%

  Pass

• Non-compliant income / total revenue

  limit 5%

  —

  No data

Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $5043.16B.

For information (AAOIFI 3/1 note): cash + receivables are 31.6% of total assets (2026-06-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.

In the lists

In the S&P 500

7.53% weight · #2 of 503

Among halal stocks

7.38% · #2 of 1455

Held by funds

SPUS 12.74% · SPTE 12.24% · HLAL 12.20%

Dividend

0.31% · no purification data