AXON
Axon Enterprise, Inc.
Is AXON Halal?
Public-safety technology with disclosed TASER weapon revenue and dual-use surveillance concerns; known financial ratios pass, but business classification remains scholar-dependent.
What You Should Know
Axon's March 2026 filing reports $232.853 million of TASER revenue, $354.524 million of Software and Services revenue and $10.611 million of interest income. Debt/assets are 24.76%, liquidity/assets 10.43% and receivables plus cash/assets 16.04%; the disputed weapons and law-enforcement business numerator is not assigned a universal percentage.
⚠️ Concerns
- •TASER conducted-energy devices are a material disclosed revenue line
- •Body-camera, drone, counter-drone and AI surveillance implications
- •Law-enforcement, federal, corrections and enterprise end use is not quantified
- •Senior notes, investment income, Carbyne integration and revenue-control remediation
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-13.
1,750 / 7,066.849
736.973 / 7,066.849
1,133.519 / 7,066.849
10.611 / 807.345
- Financial
- Pass
- Overall
- Incomplete
Debt is 24.76%, identifiable liquidity is 10.43%, receivables plus cash are 16.04% and disclosed interest income is 1.31%; all examined financial ratios pass. The business-activity classification remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt, identifiable liquidity and receivables plus cash pass the examined total-assets limits. The business-activity evidence remains incomplete; this is not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Debt is 24.76% and identifiable conventional liquidity is 10.43%, below the examined 33% limits. This is a calculation against SAC ratios, not an official SAC classification of a U.S.-listed security; the business screen remains unresolved.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible historical market-cap series is not stored, so these methods are not estimated from a current spot price.
Business-activity disclosure
Axon describes itself as a provider of public-safety technology solutions. Its Q1 2026 revenue consists of connected devices—including TASER conducted-energy devices, personal sensors and platform solutions such as cameras, drones and counter-drone equipment—and software and services. The software and emergency-communications activity can be permissible, while weapons, law-enforcement, surveillance and dual-use activity require a school- and context-specific assessment.
Limitation: The filing disaggregates revenue by product and service offering but does not provide a universally accepted prohibited-revenue numerator for weapons, law-enforcement, government, military, surveillance, counter-drone or AI use. The $232.853 million TASER line is quantifiable, but its Sharia classification is disputed rather than an objective zero-or-one category.
Purification
Axon separately discloses 10.611 of interest income, or 1.31% of quarterly net sales, and it passes the examined FTSE income threshold. However, the disputed weapons and law-enforcement business classification is not resolved by the filing, so this record does not prescribe a fixed purification amount.
Inputs, assumptions and primary sources
- Interest-bearing debt uses the gross principal of the 2030 and 2033 senior notes, 1,750, before the reported 19.013 debt-issuance-cost deduction. The remaining 2027 Notes were redeemed or converted during the quarter; long-term lease liabilities are not classified as interest-bearing notes in this input.
- Cash uses the balance-sheet cash and cash equivalents of 458.921. Short-term investments of 260.000 and marketable securities of 18.052 are included as identifiable investment securities; restricted cash of 12.235 and strategic investments of 838.243 are not added to the cash input or inferred into the securities numerator.
- Receivables use accounts and notes receivable of 674.598, net of the reported allowance. Contract assets are separately disclosed and are not added to the receivables input.
- Revenue uses net sales of 807.345 for the three months ended March 31, 2026. The filing reports TASER revenue of 232.853, Personal Sensors revenue of 108.751, Platform Solutions revenue of 111.217 and Software and Services revenue of 354.524.
- The filing separately reports interest income of 10.611 and interest expense of 28.643. Interest income is 1.31% of quarterly net sales; interest expense is not netted against that disclosed income numerator.
- TASER revenue is directly disclosed, but whether conducted-energy devices constitute a prohibited business activity is a disputed scholarly and ethical classification. It is therefore not entered as a universal prohibited-revenue 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.
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