NTNX
Nutanix, Inc.
Is NTNX Halal?
Enterprise cloud software is broadly permissible, but April 2026 debt/assets of 39.42% and identifiable investment liquidity of 59.03% fail the examined asset-based financial screens.
What You Should Know
Nutanix's April 30, 2026 Form 10-Q reports $3,418.628M total assets, $1,347.484M convertible senior notes net, $718.812M cash, $1,299.091M short-term investments, $251.588M accounts receivable and $703.066M quarterly revenue. ZakatInvest calculates debt/assets 39.42%, cash plus identified interest-bearing securities/assets 59.03%, receivables plus cash/assets 28.39% and net interest income/revenue 2.49%. Nutanix's enterprise cloud and infrastructure software are broadly permissible, but customers span public-sector and regulated industries and the filing does not allocate downstream use into a universal prohibited-revenue numerator.
⚠️ Concerns
- •Convertible-note debt is 39.42% of total assets, above the examined asset-based limits
- •Cash plus identified corporate bonds, commercial paper and U.S. government securities are 59.03% of assets
- •The filing reports $17.505M net interest income, or 2.49% of quarterly revenue, but no fixed purification prescription
- •Federal, defense and regulated-industry customers create qualitative end-use questions not quantified in revenue
- •Subscription transition, cloud/AI expansion, partner concentration and repurchase activity can change the next screen
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-04-30; calculated 2026-07-13.
1,347.484 / 3,418.628
2,017.903 / 3,418.628
970.4 / 3,418.628
17.505 / 703.066
- Financial
- Fails
- Overall
- Fails
Debt/assets are 39.42% and cash plus identifiable interest-bearing securities/assets are 59.03%, both above the examined FTSE limits. Receivables plus cash are 28.39% and disclosed net interest income is 2.49%; the debt and liquidity failures drive the financial result.
- Financial
- Fails
- Overall
- Fails
Debt/assets are 39.42% and identifiable liquidity is 59.03%, above the examined MSCI total-assets limits. Receivables plus cash are 28.39% and disclosed net interest income is 2.49%; this is not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Debt/assets are 39.42% and identifiable liquidity is 59.03%, above the examined Malaysia SAC financial limits. This is a contextual calculation against SAC ratios, not an official classification of a U.S.-listed security.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible historical market-cap series is not stored, so no unsupported market-cap percentage is substituted for the filing-backed asset-based calculation.
Business-activity disclosure
Nutanix provides enterprise cloud software through the Nutanix Cloud Platform, including hyperconverged infrastructure, virtualization, storage, databases, Kubernetes, cloud management and AI/ML workload orchestration. Enterprise software and infrastructure are broadly permissible activities, but the filing does not allocate revenue by customer industry, government contract, downstream use or a school-specific prohibited taxonomy.
Limitation: The Form 10-Q reports a consolidated software and services business rather than a reproducible prohibited-revenue numerator. Customers include enterprises and public-sector organizations, and the filing does not quantify every end use or contract category.
Purification
The filing separately reports $17.505 million of net interest income, or 2.49% of quarterly revenue, but no fixed scholar-approved purification percentage is asserted and the screened operating-revenue allocation remains incomplete.
Inputs, assumptions and primary sources
- Inputs use Nutanix's April 30, 2026 Form 10-Q; amounts are USD millions.
- Debt uses $1,347.484 million of convertible senior notes, net of debt issuance costs. The February 2025 revolving facility had no borrowings at April 30, 2026; operating lease liabilities are excluded rather than silently treated as interest-bearing debt.
- Cash uses $718.812 million of cash and cash equivalents. Identifiable interest-bearing securities use $1,299.091 million of short-term investments, which the filing describes as corporate bonds, commercial paper and U.S. government securities; equity-classified money-market cash equivalents are not separately added.
- Receivables use $251.588 million of net accounts receivable. Deferred commissions and prepaid or other current assets are excluded.
- Total quarterly revenue was $703.066 million. The filing separately reports $17.505 million of net interest income for the quarter, or 2.49% of revenue; this is a disclosed income line, not a scholar-approved purification prescription.
- Nutanix reports product, subscription, support, maintenance and professional-services revenue, but does not allocate a universal prohibited-revenue numerator by customer industry, government contract, downstream software use or product application.
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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