Is NetEase, Inc. (NTES) stock halal?

No. NetEase, Inc. fails Shariah screening — its core business activity is impermissible (see the screen table on this page for the dated figures). Screened alternatives in the same sector are listed in our halal ETF and stock screener guides.

Does NetEase, Inc. pass the AAOIFI financial ratio screen?

As of 2026-03-31: interest-bearing debt is 2.0% of market cap (limit < 30%) — pass; cash plus interest-bearing securities is 31.5% (limit < 30%) — fail. The impermissible-income ratio (< 5% limit) also passes. Ratios are recomputed as new filings and prices move.

What are halal alternatives to NetEase, Inc. stock?

You can get similar sector exposure through individually screened stocks (use a halal stock screener to verify current compliance) or through Shariah-screened ETFs such as SPUS or HLAL, which exclude companies that fail the business or ratio screens and handle purification reporting.

Is NetEase Stock Halal? NetEase (NTES) does not pass Shariah screening: its core business is online gaming and related entertainment (Value-Added Services), which major screeners classify as non-compliant, and its cash & interest-bearing securities are 31.5% of market cap — above AAOIFI's 30% limit. Interest income (~4.1% of revenue) is within the 5% cap, but the business-activity and cash screens fail on our AAOIFI basis. Reviewed 2026-06-14. Published by HalalWallet.

Is NetEase Stock Halal?

Q: Is NetEase Stock Halal?

Not Halal: NetEase (NTES) does not pass Shariah screening: its core business is online gaming and related entertainment (Value-Added Services), which major screeners classify as non-compliant, and its cash & interest-bearing securities are 31.5% of market cap — above AAOIFI's 30% limit. Interest income (~4.1% of revenue) is within the 5% cap, but the business-activity and cash screens fail on our AAOIFI basis. (Financial data as of 2026-03-31; basis: AAOIFI Shariah standards.)

Q: What are halal alternatives to NetEase, Inc. stock?

You can get similar sector exposure through individually screened stocks (use a halal stock screener to verify current compliance) or through Shariah-screened ETFs such as SPUS or HLAL, which exclude companies that fail the business or ratio screens and handle purification reporting.

NetEase, Inc. · NTES · NASDAQ

Not HalalNot permissible

NetEase (NTES) does not pass Shariah screening: its core business is online gaming and related entertainment (Value-Added Services), which major screeners classify as non-compliant, and its cash & interest-bearing securities are 31.5% of market cap — above AAOIFI's 30% limit. Interest income (~4.1% of revenue) is within the 5% cap, but the business-activity and cash screens fail on our AAOIFI basis.

Financial data as of 2026-03-31 · Screening basis: AAOIFI · Last reviewed 2026-06-14

Business Activity Screen

Fail· impermissible revenue ≈ 4.1% (AAOIFI limit < 5%)

NetEase, Inc., a prominent technology firm founded in 1997 and headquartered in Hangzhou, People's Republic of China, delivers a broad spectrum of online services both within China and across international markets. Its core operations encompass online gaming, music streaming, intelligent online learning solutions, and diverse internet content services. The company organizes its activities into several key divisions: Games and Related Value-Added Services; Youdao, focusing on educational technolo

NetEase is principally a gaming and online entertainment company (mobile/PC games, NetEase Cloud Music, Youdao education). Gaming is the dominant revenue line — Musaffa, Zoya, and MuslimXchange classify NTES as non-compliant on business-activity grounds. Also fails the AAOIFI cash/securities ratio at 31.5% of market cap.

Financial Ratio Screen

Screen	Value	AAOIFI limit	Result
Interest-bearing debt / market cap	2.0%	< 30%	Pass
Cash + interest-bearing securities / market cap	31.5%	< 30%	Fail
Impermissible income / total revenueInterest income ~4.1% of revenue — under 5%, but not determinative given business-activity and cash failures.	4.1%	< 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 NetEase screens across Shariah standards

The standards disagree on this company. It passes some Shariah screens and fails others — which is exactly why you may see a different answer in different apps. Our headline verdict uses AAOIFI, the strictest and most widely cited mainstream standard.

Standard	Debt	Cash & interest securities	Limit / basis	Result
AAOIFI (our standard)	2.0%	31.5%	< 30% of market cap	Fail
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.	2.0%	31.5%	< 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.	4.7%	73.9%	< 33.33% of total assets	Fail

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 →

These companies pass under some mainstream standards and fail under others — the same pattern as this verdict. That is why two apps can show different answers.

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