INAP
Internap Corporation / HorizonIQ (no INAP listing)
Is INAP Halal?
Internap was delisted during its 2020 Chapter 11 restructuring and later rebranded as HorizonIQ; the data-center and cloud analysis remains qualitative without current standalone ratios.
What You Should Know
INAP is a preserved Internap route. Nasdaq suspended and delisted the common stock on March 26, 2020 during Chapter 11 restructuring, and the business later rebranded as HorizonIQ. Data-center, cloud, colocation and network infrastructure remain the qualitative subject; no current exchange-listed INAP quantitative screen is applicable.
⚠️ Concerns
- •INAP was delisted during Chapter 11 restructuring
- •Data-center and cloud customer end use
- •Data privacy, security and content stored on infrastructure
- •INAP is a preserved HorizonIQ legacy alias; the URL is unchanged
Current quantitative Sharia screen
Based on issuer-status figures for the period ended 2020-03-26; calculated 2026-07-15.
- Financial
- Not calculated
- Overall
- Not calculated
Not calculated because INAP was delisted during restructuring and has no current exchange-listed issuer screen.
- Financial
- Not calculated
- Overall
- Not calculated
No current standalone Internap financial statement is available.
- Financial
- Not calculated
- Overall
- Not calculated
Not calculated for the delisted historical security.
- Financial
- Not calculated
- Overall
- Not calculated
INAP has no current public-market price or market-cap series.
Business-activity disclosure
Internap historically provided data-center, cloud, colocation and network infrastructure services. Core hosting infrastructure is generally permissible in principle, while customer end use, data storage, privacy and financing remain qualitative concerns; INAP is not a current exchange-listed public security.
Limitation: No current standalone INAP balance sheet, revenue statement or public-market price exists for a reproducible quantitative screen.
Purification
No current standalone INAP issuer income is available for a purification calculation.
Inputs, assumptions and primary sources
- Internap's common stock was delisted from Nasdaq on March 26, 2020 during Chapter 11 restructuring; the legacy route is not an exchange-listed current security.
- HorizonIQ's current private-company operations and any successor figures are not substituted into a standalone INAP screen.
- The route and its data-center, cloud-hosting, leverage and restructuring qualitative analysis are preserved.
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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