Is SPOT halal?
Spotify Technology S.A.
Doubtful
No clear verdict is possible for Spotify Technology S.A. — data is insufficient or the case is contested in fiqh. As a precaution it is NOT included in the halal list.
Checked: 14 October 2026
Exchange
NYSE
Price
530.46
Day
-0.55%
Market cap
$107.36B
Industry
Internet Content & Information
Sector
Communication Services
Manually identified reason
Automatic screening reads the industry label, not what's inside. This company's filings were checked by hand and a hidden prohibited activity was found:
Doubtful: music streaming (musical instruments — prohibited per majority Hanafi view)
What the company does
Spotify (Sweden) is the world's largest music and podcast streaming service (700M users, 280M subscribers), also offering audiobooks. Its money comes from Premium subscriptions (about 90%) and ads on the free tier.
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
Doubtful: music streaming (musical instruments — prohibited per majority Hanafi view)
Interest-bearing debt / market cap
limit 30%
0.6%
Pass
Cash & investments / market cap
limit 30%
11.0%
Pass
Non-compliant income / total revenue
limit 5%
1.4%
Pass
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 6 superinvestors · Average reported price: $459.13
- Josh TarasoffGreenlea Lane Capital$18.1M5.0%
- ValueAct Capital$241.9M4.3%
- Chase ColemanTiger Global Management$537.8M2.2%
- William Von MuefflingCantillon Capital Management$9.3M1.4%
- Polen Capital Management$37.5M0.3%
- Robert VinallRV Capital GmbH$230K0.1%
Exited this quarter: Lee Ainslie, Stephen Mandel
All superinvestor portfoliosHalal stocks in the same industry
The largest halal stocks in Internet Content & Information — for comparison.
Related articles
- Halal investingMentions SPOTThe "doubtful" category: film, music and scholarly disagreementWhy Netflix, Disney and Spotify are not on our halal list — yet not labelled "haram" either. How we handle a disputed question.
- Halal investingBlogWhy does a stock's halal status change?A stock that was halal yesterday can leave the list today. The four main reasons — and why none of them is a bug.
- 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.