Is INFY halal?
Infosys Limited
Halal
Infosys Limited passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 15 October 2026
Exchange
NYSE
Price
12.39
Day
+2.23%
Market cap
$49.07B
Industry
Information Technology Services
Sector
Technology
What the company does
Infosys (India) provides IT services and outsourcing: software development, cloud migration, AI solutions and business-process management for Western corporations. Its money comes from client projects and service contracts.
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 $923.00M ÷ 36-month average market cap $72.79B = 1.3%
1.3%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $4.08B ÷ 36-month average market cap $72.79B = 5.6%
5.6%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $351.00M ÷ annual revenue $20.16B (2026) = 1.7%
1.7%
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: $49.07B.
For information (AAOIFI 3/1 note): cash + receivables are 57.1% 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
- Not in the S&P 500
- Among halal stocks
- 0.07% · #168 of 1455
- Held by funds
- UMMA 0.64% · SPWO 0.47%
- Dividend
- 4.80% · purify 1.7% · net 4.72%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $10.49
All superinvestor portfoliosHalal stocks in the same industry
The largest halal stocks in Information Technology Services — for comparison.
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- Halal investingBlogWhy does a stock's halal status change?A stock that was halal yesterday can leave the list today. The four main reasons — and why none of them is a bug.
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.