Is NVIDIA Stock Halal?
NVIDIA Corporation · NVDA · NASDAQ
NVIDIA Corporation (NVDA) passes our AAOIFI-based screen. Its core business is permissible, and (data as of 2026-04-26) interest-bearing debt is 0.2% of market cap and cash plus interest-bearing securities 1.6% — both inside the 30% AAOIFI thresholds. It is independently held by Shariah-screened ETF SPUS, 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 2026-04-26 · Screening basis: AAOIFI · Last reviewed 2026-06-14
Our Analysis
NVIDIA designs the GPUs and networking systems at the center of the AI buildout; its Data Center platform now generates the large majority of revenue, with Gaming, Professional Visualization and Automotive making up the rest. From a business-screen standpoint NVIDIA is one of the cleaner mega-caps: it sells hardware and software platforms, not advertising, lending, or entertainment content. The one line scholars sometimes discuss is Gaming, since GeForce GPUs are bought primarily to play video games; most screening methodologies treat general-purpose hardware as permissible even when end users may use it for games with objectionable content, but stricter individual scholars occasionally take a different view.
Financially, NVIDIA carries low debt relative to its enormous market value and holds a large cash and investments portfolio that produces interest income - the standard incidental-interest situation that calls for purifying a small portion of returns. As of June 11, 2026, the retail AAOIFI screeners are aligned: Zoya rates NVIDIA Shariah-compliant and Musaffa classifies it as halal.
The index picture contains one notable wrinkle: SPUS (S&P Shariah screen) holds NVIDIA as its single largest position, but NVIDIA does not appear in HLAL's official holdings as of the same date, meaning it is not currently in the FTSE Shariah USA index that HLAL tracks. FTSE/Yasaar do not publish per-stock screening explanations, so the basis for that exclusion cannot be verified from public sources - but it is a useful reminder that even a widely-passed stock can fall outside one standard's quantitative thresholds at a given review. Investors who follow the FTSE standard specifically should note the discrepancy; those following AAOIFI-based screeners or the S&P Shariah methodology currently have documented support for treating NVIDIA as compliant.
Business Activity Screen
NVIDIA designs GPUs and full-stack accelerated-computing platforms. Its 10-K reports two segments - Compute & Networking and Graphics - and discusses revenue by market platform: Data Center (AI/accelerated computing, now the dominant business), Gaming (GeForce GPUs), Professional Visualization, Automotive, and OEM & Other.
NVIDIA's products are hardware and software platforms, which are broadly permissible. The line most discussed in Shariah screening is Gaming - GeForce GPUs sold for video-game use - though most methodologies treat selling general-purpose gaming hardware differently from publishing game content, and many do not count it as impermissible at all. NVIDIA also earns interest income on its large cash and marketable-securities portfolio (incidental, subject to purification). No revenue line in NVIDIA's filings is identified as directly impermissible; advertising, lending and entertainment-content businesses are absent.
Financial Ratio Screen
| Screen | Value | AAOIFI limit | Result |
|---|---|---|---|
| Interest-bearing debt / market cap | 0.2% | < 30% | Pass |
| Cash + interest-bearing securities / market cap | 1.6% | < 30% | Pass |
| Impermissible income / total revenueInterest/investment income $2.30B on $215.94B revenue = 1.1% (FMP as-reported XBRL, investmentincomeinterest). Verify no other impermissible revenue segments in 10-K. | 1.1% | < 5% | Pass |
Spot market cap at research date (consider trailing average for borderline names). Data as of 2026-04-26 · 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 NVIDIA 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) | 0.2% | 1.6% | < 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. | 0.2% | 1.6% | < 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. | 3.3% | 31.1% | < 33.33% of total assets | Pass |
HalalWallet computation reproducing each standard's threshold and denominator from public filings (balance sheet as of 2026-04-26) — 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)
Held in SPUS as of 2026-06-11 — passed the S&P Shariah screen applied by the fund.
Source →Wahed FTSE USA Shariah ETF (HLAL)
Not held in HLAL as of 2026-06-11. Absence can reflect screen failure or index scope — verify before citing as a screen outcome.
Source →Zoya
Zoya's public stock page rates NVDA Shariah-compliant under its AAOIFI-based screen (checked 2026-06-11).
Source →Musaffa
Musaffa's public stock page classifies NVDA as HALAL under its AAOIFI-based methodology, as of February 2026.
Source →Zoya blog
Zoya's blog post 'Top Rated Halal Stocks to Buy in 2026' lists NVIDIA with Shariah compliance marked compliant at time of publication.
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 NVIDIA Corporation 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.
Important: HalalWallet is an educational comparison platform. We do not provide financial, legal, or religious advice.
Product structures and Shariah-compliance oversight vary by provider. Before applying:
- Verify halal compliance directly with the provider.
- Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
- Consult a qualified Islamic finance advisor or scholar for guidance on your individual circumstances.
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
- NVDA latest quarterly filing (balance sheet 2026-04-26)
- AAOIFI Shariah Standards
- NVIDIA 10-K filings - SEC EDGAR (CIK 0001045810)
- 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 NVDA
- Musaffa public compliance page for NVDA
- Zoya blog - Top Rated Halal Stocks 2026
- HalalWallet Methodology
- Editorial Policy
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Editorial Team, HalalWallet
Independent halal finance research
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