Is AXON halal?
Axon Enterprise, Inc.
Not halal
Axon Enterprise, Inc. did not pass AAOIFI screening. The failed check is shown below.
Checked: 15 October 2026
Exchange
NASDAQ
Price
417.19
Day
+2.15%
Market cap
$33.03B
Industry
Aerospace & Defense
Sector
Industrials
Manually identified reason
Automatic screening reads the industry label, not what's inside. This company's filings were checked by hand and a hidden prohibited activity was found:
Weapons (Axon — Taser)
What the company does
Axon makes TASER electroshock weapons, body cameras and the Evidence.com cloud for police, plus drones. Its money comes from device sales and subscriptions; customers are law-enforcement agencies.
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
Weapons (Axon — Taser)
Interest-bearing debt / market cap
limit 30%
4.5%
Pass
Cash & investments / market cap
limit 30%
4.0%
Pass
Non-compliant income / total revenue
limit 5%
2.7%
Pass
In the lists
- In the S&P 500
- 0.05% weight · #291 of 503
- Held by funds
- HLAL 0.09%
Related articles
- Halal investingMentions AXONHaram revenue you can't see from the industry label: pork, weapons, casinosPork hides under "Packaged Foods", weapons under "Aerospace & Defense". What automated screening misses and how we catch it by hand.
- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
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.