Is IT halal?
Gartner, Inc.
Halal
Gartner, Inc. 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
205.35
Day
-0.95%
Market cap
$13.10B
Industry
Information Technology Services
Sector
Technology
What the company does
Gartner sells research and advisory subscriptions for IT and business leaders (Magic Quadrant reports), conferences and consulting. Its money comes from 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 $3.23B ÷ 36-month average market cap $27.57B = 11.7%
11.7%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $1.49B ÷ 36-month average market cap $27.57B = 5.4%
5.4%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $64.72M ÷ annual revenue $6.50B (2025) = 1.0%
1.0%
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: $13.10B.
For information (AAOIFI 3/1 note): cash + receivables are 42.1% of total assets (2025-12-31). 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
- 0.02% weight · #454 of 503
- Among halal stocks
- 0.02% · #353 of 1454
- Held by funds
- SPUS 0.04% · SPTE 0.04% · HLAL 0.04%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $129.62
- Bill NygrenOakmark Funds$369.0M0.5%
Exited this quarter: Polen Capital Management
All superinvestor portfoliosHalal stocks in the same industry
The largest halal stocks in Information Technology Services — for comparison.
Related articles
- Halal investingBlogHow to calculate purification for a halal stockEven a halal company earns a little interest. A simple formula and worked example for how much of your dividend to give to charity.
- GuideBlogDividends, zakat and tax: a practical guide for US stock holdersHow much US tax is withheld from dividends, what to declare in Uzbekistan, and how zakat on shares is calculated — with one worked example.
- 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.