Is PANW halal?
Palo Alto Networks, Inc.
Halal
Palo Alto Networks, 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
370.27
Day
-1.27%
Market cap
$308.04B
Industry
Software - Infrastructure
Sector
Technology
What the company does
Palo Alto Networks is a cybersecurity company: network firewalls, cloud security (Prisma), security operations (Cortex) and CyberArk. Its money comes from subscriptions and appliance sales; customers are enterprises and governments.
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 $1.77B ÷ 36-month average market cap $129.39B = 1.4%
1.4%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $7.91B ÷ 36-month average market cap $129.39B = 6.1%
6.1%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $374.00M ÷ annual revenue $11.48B (2026) = 3.3%
3.3%
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: $308.04B.
For information (AAOIFI 3/1 note): cash + receivables are 15.1% 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
- 0.45% weight · #38 of 503
- Among halal stocks
- 0.45% · #31 of 1454
- Held by funds
- HLAL 0.77% · SPUS 0.76% · SPTE 0.75%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 2 superinvestors · Average reported price: $341.02
- Mairs & Power Funds$204.6M1.9%
- Lee AinslieMaverick Capital$1.2M0.0%
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.