NTAP
NetApp, Inc.
HALAL
Score: 80/100
stockIs NTAP Halal?
Data storage and cloud infrastructure — enterprise technology is permissible.
What You Should Know
NetApp provides cloud-led data management and storage infrastructure for enterprises. Products include all-flash storage arrays, cloud data services (working with AWS, Azure, Google Cloud), and data management software. Core business of helping enterprises store and manage their data is entirely permissible technology work. Strong cash generation, consistent profitability. Some government and defense agency customers purchase NetApp storage — this is indirect and incidental (selling storage hardware, not weapons).
⚠️ Concerns
- •Government/defense agency customers for storage (indirect)
- •Moderate share buyback debt
- •Minor interest income on cash
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