Is ANET halal?
Arista Networks, Inc.
Halal
Arista Networks, Inc. passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 14 October 2026
Exchange
NYSE
Price
185.58
Day
-5.04%
Market cap
$254.61B
Industry
Computer Hardware
Sector
Technology
What the company does
Arista Networks makes data-center network switches and software (connecting AI clusters — Meta and Microsoft are the largest customers), plus enterprise Wi-Fi/networking. Its money comes from switch sales and software subscriptions.
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 $0 ÷ 36-month average market cap $134.26B = 0.0%
0.0%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $13.34B ÷ 36-month average market cap $134.26B = 9.9%
9.9%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $383.40M ÷ annual revenue $9.01B (2025) = 4.3%
4.3%
Pass
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: $254.61B.
For information (AAOIFI 3/1 note): cash + receivables are 65.8% 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
- 0.31% weight · #55 of 503
- Among halal stocks
- 0.37% · #38 of 1455
- Held by funds
- SPUS 0.51% · SPTE 0.50%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 2 superinvestors · Average reported price: $169.88
- Francois RochonGiverny Capital$57.7M1.9%
- Lee AinslieMaverick Capital$1.2M0.0%
Halal stocks in the same industry
The largest halal stocks in Computer Hardware — for comparison.
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Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.