Is Oracle Corporation (ORCL) stock halal?

Yes, under our AAOIFI-based methodology Oracle Corporation passes the business-activity and financial-ratio screens as shown on this page (data as of 2026-05-31). Check the dated ratio table before investing; ratios move with the share price.

Does Oracle Corporation pass the AAOIFI financial ratio screen?

As of 2026-05-31: interest-bearing debt is 29.9% of market cap (limit < 30%); cash plus interest-bearing securities is 6.1% (limit < 30%). The impermissible-income line is verified against the annual filing where noted on this page.

Is Oracle Corporation held in halal ETFs like SPUS or HLAL?

Yes — as of our last check, Oracle Corporation is held by SPUS. ETF inclusion confirms it passed those funds' Shariah screens at the holdings date cited in the sources below.

Do I need to purify dividends from Oracle Corporation?

Yes, in most cases. Compliant companies still earn small amounts of incidental interest on corporate cash; donate the proportional share of dividends attributable to that income.

Is Oracle Stock Halal? Oracle Corporation (ORCL) passes our AAOIFI-based screen. Its core business is permissible, and (data as of 2026-05-31) interest-bearing debt is 29.9% of market cap and cash plus interest-bearing securities 6.1% — 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. Reviewed 2026-06-15. Published by HalalWallet.

Is Oracle Stock Halal?

Q: Is Oracle Stock Halal?

Halal screening authorities disagree on Oracle Corporation: halal (HalalWallet (AAOIFI), SP Funds (SPUS ETF)); not halal (Musaffa, Zoya). Halal: Oracle Corporation (ORCL) passes our AAOIFI-based screen. Its core business is permissible, and (data as of 2026-05-31) interest-bearing debt is 29.9% of market cap and cash plus interest-bearing securities 6.1% — 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 2026-05-31; basis: AAOIFI Shariah standards.)

Q: Is Oracle Corporation held in halal ETFs like SPUS or HLAL?

Yes — as of our last check, Oracle Corporation is held by SPUS. ETF inclusion confirms it passed those funds' Shariah screens at the holdings date cited in the sources below.

Q: Do I need to purify dividends from Oracle Corporation?

Yes, in most cases. Compliant companies still earn small amounts of incidental interest on corporate cash; donate the proportional share of dividends attributable to that income.

Oracle Corporation · ORCL · NYSE

HalalGenerally permissible4 authorities — split

Halal screening authorities disagree on Oracle Corporation: halal (HalalWallet (AAOIFI), SP Funds (SPUS ETF)); not halal (Musaffa, Zoya).

Oracle Corporation (ORCL) passes our AAOIFI-based screen. Its core business is permissible, and (data as of 2026-05-31) interest-bearing debt is 29.9% of market cap and cash plus interest-bearing securities 6.1% — 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 2026-05-31 · Screening basis: AAOIFI · Last reviewed 2026-06-15

HalalWallet is not a Shariah authority and does not issue religious rulings. We compile the most complete public record of what Shariah scholars, screening authorities, and mainstream standards say — reproduced from primary sources with dates and citations — and let you decide.

Do the halal screening authorities agree?

Authorities disagree4 of 5 authorities with a published position

HalalWallet (AAOIFI)· Halal
Musaffa· Not halal
Zoya· Not halal
SP Funds (SPUS ETF)· Halal

Halal screening authorities disagree on Oracle Corporation: halal (HalalWallet (AAOIFI), SP Funds (SPUS ETF)); not halal (Musaffa, Zoya).

Stances are normalized from each authority's own dated public position. Disagreement usually reflects a methodology or standard difference (ratio timing, market-cap vs total-assets denominator), not an error. For the fund screens (Wahed/HLAL, SP Funds/SPUS), only a confirmed holding that passed the fund's screen counts as a pass — a non-holding is left blank because absence can reflect index scope.

Is Oracle Stock Halal?

Halal screening authorities disagree on Oracle Corporation: halal (HalalWallet (AAOIFI), SP Funds (SPUS ETF)); not halal (Musaffa, Zoya). Oracle Corporation (ORCL) passes our AAOIFI-based screen. Its core business is permissible, and (data as of 2026-05-31) interest-bearing debt is 29.9% of market cap and cash plus interest-bearing securities 6.1% — 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.

Interest-bearing debt / market cap: 29.9% (< 30%) — Pass
Cash + interest-bearing securities / market cap: 6.1% (< 30%) — Pass
Impermissible income / total revenue: 1.7% (< 5%) — Pass
Mainstream Shariah standards disagree on this company — see the cross-standard table below.
Financial ratios sourced from filings as of 2026-05-31.

How we read the evidence

HalalWallet's editorial synthesis of the screens, scholar positions, and sources documented on this page — not a religious ruling.

Oracle sells database software, cloud infrastructure and enterprise applications - permissible activities with no advertising, gambling, alcohol or entertainment revenue lines. If the analysis stopped at what Oracle does, it would screen cleanly. The compliance problem is how Oracle is financed: the company has long used large conventional borrowings to fund share buybacks, acquisitions and, more recently, a capital-intensive AI data-center buildout. Debt-based financial screens - which typically require interest-bearing debt below roughly 30-33% of market capitalization or total assets, depending on the standard - are where Oracle runs into trouble, and small differences between standards (and movements in Oracle's share price) can flip the result.

The third-party signals as of June 11, 2026 reflect exactly that borderline-ratio situation: SPUS (S&P Shariah screen, which measures leverage against market value) currently holds Oracle, while HLAL (FTSE Shariah screen, which measures debt against total assets) does not, and both retail AAOIFI screeners are negative - Zoya rates it not Shariah-compliant and Musaffa classifies it as not halal. When a stock passes one institutional screen but fails the AAOIFI-based screeners, the disagreement is usually arithmetic (different debt thresholds and denominators), not a dispute about the business itself.

For a Muslim retail investor, the practical reading is cautious: the most widely used retail standards currently fail Oracle on leverage, and its compliance status is hostage to both its borrowing levels and its market value. Oracle also operates a customer-financing program and earns interest income, which would require purification under any approach that permitted the stock. Investors who follow the S&P Shariah methodology specifically have index-level support via SPUS; those following AAOIFI or FTSE standards currently do not.

Business Activity Screen

Pass· impermissible revenue ≈ 1.7% (AAOIFI limit < 5%)

Oracle provides enterprise database software, cloud infrastructure (OCI) and business applications. Its 10-K reports revenue in four lines: cloud services and license support (the large majority), cloud license and on-premise license, hardware, and services.

Oracle's products - databases, cloud infrastructure and enterprise applications - raise no significant business-screen issues; there is no advertising platform, entertainment content or insurance business in its disclosed revenue lines. The Shariah-relevant items are financial: Oracle offers financing arrangements to customers for license/hardware purchases (financing receivables are disclosed in balance-sheet notes, not as a separate revenue segment - not separately disclosed in filings as revenue), earns interest income on cash, and most importantly carries very large conventional borrowings used to fund buybacks, acquisitions and its cloud-infrastructure buildout, which is the primary reason ratio-based screens flag it.

Financial Ratio Screen

Screen	Value	AAOIFI limit	Result
Interest-bearing debt / market cap	29.9%	< 30%	Pass
Cash + interest-bearing securities / market cap	6.1%	< 30%	Pass
Impermissible income / total revenueInterest income $1.14B on $67.36B total revenue (Oracle Corporation FY2026 (fiscal year ended 2026-05-31, Form 10-K)) = 1.7% — under AAOIFI's 5% limit.	1.7%	< 5%	Pass

Spot market cap at research date (consider trailing average for borderline names). Data as of 2026-05-31 · 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 Oracle 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)	29.9%	6.1%	< 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.	29.9%	6.1%	< 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.	59.7%	12.2%	< 33.33% of total assets	Fail

HalalWallet computation reproducing each standard's threshold and denominator from public filings (balance sheet as of 2026-05-31) — 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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