Is NTAP halal?
NetApp, Inc.
Halal
NetApp, 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
NASDAQ
Price
203.8
Day
-5.08%
Market cap
$45.47B
Industry
Software - Infrastructure
Sector
Technology
What the company does
NetApp makes enterprise data-storage systems (flash arrays) and cloud data-management software (with AWS/Azure/Google). Its money comes from storage hardware and 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 $2.49B ÷ 36-month average market cap $20.65B = 12.1%
12.1%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $3.58B ÷ 36-month average market cap $20.65B = 17.3%
17.3%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $113.00M ÷ annual revenue $6.92B (2026) = 1.6%
1.6%
Pass
Figures from the company's filings (2026-07-31), 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: $45.47B.
For information (AAOIFI 3/1 note): cash + receivables are 41.5% of total assets (2026-07-31). 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
- 0.06% weight · #258 of 503
- Among halal stocks
- 0.07% · #175 of 1454
- Held by funds
- SPUS 0.11% · SPTE 0.11% · HLAL 0.10%
- Dividend
- 0.87% · purify 1.6% · net 0.86%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $154.76
- Lee AinslieMaverick Capital$677K0.0%
Halal stocks in the same industry
The largest halal stocks in Software - Infrastructure — 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.