Is NTES halal?
NetEase, Inc.
Not halal
NetEase, Inc. did not pass AAOIFI screening. The failed check is shown below.
Checked: 13 October 2026
Exchange
NASDAQ
Price
126.06
Day
-0.83%
Market cap
$80.30B
Industry
Electronic Gaming & Multimedia
Sector
Communication Services
What the company does
NetEase (China) is China's second-largest video-game company (Fantasy Westward Journey, distributes Blizzard games in China), plus Youdao education and NetEase Cloud Music. Revenue comes from in-game purchases 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 $1.89B ÷ 36-month average market cap (estimated) $71.64B = 2.6%
2.6%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $26.30B ÷ 36-month average market cap (estimated) $71.64B = 36.7%
36.7%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $591.84M ÷ annual revenue $16.86B (2025) = 3.5%
3.5%
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: $80.30B.
For information (AAOIFI 3/1 note): cash + receivables are 78.0% 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
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 3 superinvestors · Average reported price: $128.14
- Sarah KettererCauseway Capital Management$73.3M0.8%
- Christopher DavisDavis Advisors$78.5M0.3%
- Dodge & Cox Funds$277.1M0.1%
Related articles
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- 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.