Is PLUS halal?
ePlus inc.
Halal
ePlus 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
94.05
Day
-0.97%
Market cap
$2.48B
Industry
Software - Application
Sector
Technology
What the company does
ePlus resells and integrates IT solutions — servers, networking, security, cloud and AI infrastructure — for enterprises, with a small financing unit (its ratio is checked by the screener). Its money comes from hardware/service sales.
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 $112.55M ÷ 36-month average market cap $2.07B = 5.4%
5.4%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $448.85M ÷ 36-month average market cap $2.07B = 21.7%
21.7%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
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: $2.48B.
For information (AAOIFI 3/1 note): cash + receivables are 62.0% of total assets (2026-03-31). 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
- Not in the S&P 500
- Among halal stocks
- 0.00% · #729 of 1455
- Held by funds
- Not held by any tracked fund
- Dividend
- 1.05% · no purification data
Halal stocks in the same industry
The largest halal stocks in Software - Application — 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.