Is VEEV halal?
Veeva Systems Inc.
Not halal
Veeva Systems Inc. did not pass AAOIFI screening. The failed check is shown below.
Checked: 12 October 2026
Exchange
NYSE
Price
310.36
Day
-0.85%
Market cap
$47.95B
Industry
Health Information Services
Sector
Healthcare
What the company does
Veeva Systems makes cloud software for pharma and biotech companies: clinical-trial management, quality documentation and sales-rep CRM. Revenue comes from annual 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 $0 ÷ 36-month average market cap $35.29B = 0.0%
0.0%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $7.24B ÷ 36-month average market cap $35.29B = 20.5%
20.5%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $267.22M ÷ annual revenue $3.20B (2026) = 8.4%
8.4%
Fail
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: $47.95B.
For information (AAOIFI 3/1 note): cash + receivables are 86.2% 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
- 0.07% weight · #236 of 503
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 5 superinvestors · Average reported price: $177.47
- Jensen Investment Management$79.8M1.9%
- Hillman Capital Management$2.5M1.8%
- Terry SmithFundsmith$145.0M1.1%
- Francois RochonGiverny Capital$16.9M0.6%
- Vulcan Value Partners$3.8M0.1%
Halal stocks in the same industry
The largest halal stocks in Health Information Services — for comparison.
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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.