Is NOK halal?
Nokia Corporation Sponsored
Halal
Nokia Corporation Sponsored 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
9.14
Day
-4.49%
Market cap
$52.32B
Industry
Communication Equipment
Sector
Technology
What the company does
Nokia (Finland) makes telecom equipment: 5G base stations, optical and IP networking gear (with Infinera also for data centers) and patent licensing. Customers are mobile operators; it no longer makes phones.
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 $3.77B ÷ 36-month average market cap $31.68B = 11.9%
11.9%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $7.57B ÷ 36-month average market cap $31.68B = 23.9%
23.9%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $396.90M ÷ annual revenue $22.30B (2025) = 1.8%
1.8%
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: $52.32B.
For information (AAOIFI 3/1 note): cash + receivables are 32.1% 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
- 0.08% · #161 of 1454
- Held by funds
- SPTE 0.46% · SPWO 0.24%
- Dividend
- 1.42% · purify 1.8% · net 1.39%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $13.28
- Richard PzenaPzena Investment Management$66.5M0.2%
Exited this quarter: Howard Marks
All superinvestor portfolios
Company story
Nokia tarixi: dunyodagi har ikkinchi telefonni yasagan kompaniya qanday qilib hammasini yo'qotdi
Read the story
Halal stocks in the same industry
The largest halal stocks in Communication Equipment — 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.