ANET
Arista Networks
Is ANET Halal?
Cloud networking solutions with excellent Sharia compliance and minimal debt.
What You Should Know
Arista provides cloud networking solutions for data centers. Business is entirely permissible, very low debt, exceptional financial position. Its March 31, 2026 Form 10-Q reports $21,656.5 million of assets, no interest-bearing debt, $2,790.9 million of cash and restricted cash, $9,563.7 million of marketable securities, $1,923.8 million of receivables and $2,709.0 million of quarterly revenue. Debt/assets is 0.00%, liquidity/assets is 57.05%, receivables-plus-cash/assets is 21.77%, and disclosed interest income is 4.03% of revenue; the liquidity screen fails while AI and data-center end uses remain qualitative.
⚠️ Concerns
- •Very large marketable-securities balance
- •Liquidity/assets exceeds the examined limits
- •Interest income
- •AI, government and critical-infrastructure end uses require review
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
0 / 21,656.5
12,354.6 / 21,656.5
4,714.7 / 21,656.5
109.2 / 2,709
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 57.05%, above the examined 33.333% limit; debt/assets is 0.00%, receivables-plus-cash/assets is 21.77%, and disclosed interest income is 4.03% of revenue.
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 57.05%, above the examined MSCI 33.33% limit; debt/assets is 0.00% and receivables-plus-cash/assets is 21.77%.
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is above the examined Malaysia 33% limit; this is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A properly licensed and reproducible historical market-cap series is not stored; the liquidity failure remains independently documented.
Business-activity disclosure
Arista provides cloud networking hardware, software and services for data-center, campus, routing and AI environments. The core infrastructure business is generally permissible, while AI, government and critical-infrastructure end uses require qualitative review.
Limitation: The filing does not provide a universal prohibited-activity numerator across products, customers and end uses.
Purification
Arista discloses $109.2 million of interest income, but does not provide a complete prohibited-activity numerator; no definitive purification percentage is invented.
Inputs, assumptions and primary sources
- Amounts are USD millions from Arista's March 31, 2026 Form 10-Q.
- Cash, cash equivalents and restricted cash total $2,790.9 million; marketable securities are $9,563.7 million. No interest-bearing debt is reported.
- Accounts receivable, net are $1,923.8 million. Revenue is $2,709.0 million for the quarter and disclosed interest income is $109.2 million.
- Cloud networking and data-center hardware and software are generally permissible, but AI, government and customer end uses are not reduced to a universal prohibited-activity numerator.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →