Is Meta Platforms Stock Halal?
Meta Platforms, Inc. · META · NASDAQ
Meta Platforms, Inc. (META) passes our AAOIFI-based screen. Its core business is permissible, and (data as of 2026-03-31) interest-bearing debt is 4.1% of market cap and cash plus interest-bearing securities 5.6% — both inside the 30% AAOIFI thresholds. It is independently held by Shariah-screened ETF HLAL, confirming it passes professional screens. Ratios move with the share price, so check the data-as-of date; any incidental interest income should be purified.
Financial data as of 2026-03-31 · Screening basis: AAOIFI · Last reviewed 2026-06-15
Our Analysis
Meta owns Facebook, Instagram, WhatsApp, Messenger and Threads, and is investing heavily in AI and in Reality Labs hardware. Unlike Apple or Microsoft, where questionable lines sit inside a larger permissible business, Meta's 10-K is explicit that substantially all revenue comes from advertising in its Family of Apps segment. That makes the entire Shariah assessment hinge on how a methodology treats ad-platform revenue: screens that regard mainstream digital advertising as fundamentally permissible (with a haircut for impermissible ad content) can pass Meta, while screens that assign a larger questionable share to untraceable ad inventory will flag it. Meta provides no advertiser-category breakdown, so no screener can compute the impermissible share precisely.
The third-party signals are split along exactly those lines as of June 11, 2026. HLAL (FTSE Shariah screen, certified by Yasaar) holds Meta at roughly a 3.8% weight - a clear institutional pass - while SPUS does not hold it, and the retail AAOIFI screeners are cautious: Zoya flags Meta as questionable and Musaffa as doubtful. This is one of the clearest current examples of a stock where reputable Shariah methodologies genuinely disagree, and investors should understand the disagreement is about business-screen categorization of advertising, not about hidden debt.
On financial ratios, Meta's borrowings are small relative to its very large market value, and it holds substantial cash and marketable securities producing interest income that would require purification under approaches that permit the stock. A practical takeaway: a Muslim investor following the FTSE Shariah standard has index-level support for holding Meta; one following Zoya's or Musaffa's AAOIFI interpretation should treat the current public flags as a caution and review those platforms' detailed reports before deciding.
Business Activity Screen
Meta Platforms operates social and messaging apps - Facebook, Instagram, Messenger, WhatsApp and Threads - and develops virtual/augmented-reality and AI products. Its 10-K reports two segments: Family of Apps (which generates substantially all of Meta's revenue, from advertising) and Reality Labs (hardware and software for VR/AR, which runs at a loss).
Meta's 10-K states that substantially all of its revenue comes from selling advertising on its apps. The Shariah business-screen question is the same as for other ad platforms: general ad inventory can include ads for impermissible products and services, and Meta does not disclose any breakdown of ad revenue by advertiser category - not separately disclosed in filings. Meta also earns interest income on its cash and securities portfolio. Because advertising is not a side line but essentially the entire business, methodology choices about ad revenue dominate Meta's screening outcome.
Financial Ratio Screen
| Screen | Value | AAOIFI limit | Result |
|---|---|---|---|
| Interest-bearing debt / market cap | 4.1% | < 30% | Pass |
| Cash + interest-bearing securities / market cap | 5.6% | < 30% | Pass |
| Impermissible income / total revenueInterest income $2.12B on $200.97B total revenue (Meta Platforms, Inc. FY2025 (fiscal year ended 2025-12-31, Form 10-K)) = 1.1% — under AAOIFI's 5% limit. | 1.1% | < 5% | Pass |
Spot market cap at research date (consider trailing average for borderline names). Data as of 2026-03-31 · thresholds per AAOIFI Shariah standards.
This verdict uses the AAOIFI standard — the most widely used and, at a 30% debt limit, the most conservative mainstream Shariah standard. Interest-bearing debt and interest-bearing securities each stay under 30% of market cap, and impermissible income under 5% of revenue. Other standards (Dow Jones Islamic, S&P Shariah, MSCI Islamic, FTSE Yasaar) use ~33% limits or screen against total assets, so a borderline company can be rated differently by each. How we screen & why screeners disagree →
How Meta Platforms screens across Shariah standards
All three mainstream bases below reach the same conclusion for this company.
| Standard | Debt | Cash & interest securities | Limit / basis | Result |
|---|---|---|---|---|
| AAOIFI (our standard) | 4.1% | 5.6% | < 30% of market cap | Pass |
| Dow Jones Islamic / S&P Shariah thresholdDow Jones and S&P apply this limit against a trailing 24–36-month average market cap; shown here on the same point-in-time market cap for comparison. | 4.1% | 5.6% | < 33% of market cap | Pass |
| MSCI Islamic / FTSE Yasaar basisTotal-assets denominator. MSCI/FTSE also apply entry/exit buffers and a receivables screen we do not reproduce. | 14.9% | 20.5% | < 33.33% of total assets | Pass |
HalalWallet computation reproducing each standard's threshold and denominator from public filings (balance sheet as of 2026-03-31) — not the providers' licensed index determinations, which can differ. Debt is interest-bearing borrowings (operating leases excluded). The impermissible-income screen (< 5% of revenue) is common to all of these standards and is shown in the ratio table above. Dow Jones and S&P apply their limit against a trailing 24–36-month average market cap; MSCI and FTSE add entry/exit buffers and a receivables screen. Full methodology →
Scholars' & Screeners' Positions
Published positions, cited as stated. Screeners can reach different conclusions on the same company because of ratio timing and methodology differences — we report the disagreement rather than flatten it.
SP Funds S&P 500 Sharia ETF (SPUS)
Not held in SPUS as of 2026-06-11. Absence can reflect screen failure or index scope — verify before citing as a screen outcome.
Source →Wahed FTSE USA Shariah ETF (HLAL)
Held in HLAL as of 2026-06-11 — passed the FTSE Shariah screen applied by the fund.
Source →Zoya
Zoya's public stock page flags META as questionable under its AAOIFI-based screen (checked 2026-06-11).
Source →Musaffa
Musaffa's public stock page classifies META as DOUBTFUL under its AAOIFI-based methodology, as of May 2026.
Source →
Purification
Even Shariah-compliant companies typically earn a small amount of incidental interest on corporate cash. The standard practice is to purify: donate the proportion of your dividends (and, per some scholars, capital gains) attributable to impermissible income. Our purification calculator automates the math from your holding and the company's disclosed figures.
Purification calculatorKeep your portfolio halal
A pass today isn't a pass forever — ratios drift across thresholds between filings. A halal screener monitors holdings continuously.
Related guides
Consider Consulting an Islamic Scholar
Major whether Meta Platforms, Inc. is halal decisions often involve nuances that vary by scholarly opinion and personal circumstance. While HalalWallet provides educational comparisons and tools, we are not scholars or financial advisors. For personal guidance on Shariah compliance, consider speaking with a qualified Islamic scholar, your local imam, or a Shariah-certified financial advisor familiar with your situation.
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Frequently Asked Questions
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-06-01
- META latest quarterly filing (balance sheet 2026-03-31)
- AAOIFI Shariah Standards
- Meta Platforms 10-K filings - SEC EDGAR (CIK 0001326801)
- SPUS holdings (sp-funds.com, table dated 06/11/2026)
- HLAL fund page with official Holdings link (funds.wahedinvest.com)
- Zoya public compliance page for META
- Musaffa public compliance page for META
- HalalWallet Methodology
- Editorial Policy
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