PSTG
Pure Storage Inc.
Is PSTG Halal?
Data storage infrastructure — permissible hardware.
What You Should Know
Pure Storage makes cloud data storage and management solutions. Permissible infrastructure business. The May 3, 2026 filing (under the renamed Everpure issuer) reports $4,674.259 million of assets, no interest-bearing debt, $862.560 million of cash and restricted cash, $692.446 million of marketable securities, $944.844 million of receivables and $778.485 million of quarterly revenue. Debt/assets is 0.00%, liquidity/assets is 33.27%, receivables-plus-cash/assets is 38.67%, and disclosed interest income is 2.17% of revenue; the business-activity numerator remains incomplete. The existing PSTG route is retained even though the issuer reports a 2026 ticker change to P.
⚠️ Concerns
- •Minor interest income
- •Marketable securities
- •Issuer and ticker transition
- •AI, security and government end uses require review
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-05-03; calculated 2026-07-14.
0 / 4,674.259
1,555.006 / 4,674.259
1,807.404 / 4,674.259
16.876 / 778.485
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 0.00%, liquidity/assets is 33.27%, receivables-plus-cash/assets is 38.67%, and disclosed interest income is 2.17% of revenue; the business-activity numerator remains incomplete.
- Financial
- Fails
- Overall
- Fails
Receivables-plus-cash/assets is 38.67%, above the examined MSCI 33.33% limit; debt/assets is 0.00% and liquidity/assets is 33.27%.
- Financial
- Fails
- Overall
- Fails
Receivables-plus-cash/assets is not a Malaysia threshold, but liquidity/assets is 33.27%, above the examined 33% limit; this is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored; the filing-based results remain documented.
Business-activity disclosure
Everpure provides enterprise data-storage and management software and hardware. The core business is generally permissible, but customer end uses and the renamed issuer's evolving AI, security and government mix require qualitative review.
Limitation: The filing does not provide a universal prohibited-activity numerator across customers, contracts and service lines.
Purification
Everpure discloses $16.876 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 Everpure's May 3, 2026 Form 10-Q.
- The filing identifies the issuer as Everpure, formerly Pure Storage, and reports the April 2026 NYSE ticker change to P; the ZakatInvest PSTG asset key is retained for URL compatibility.
- Cash and restricted cash total $862.560 million; marketable securities are $692.446 million. Operating lease liabilities are excluded from interest-bearing debt.
- Accounts receivable are $944.844 million. Revenue is $778.485 million for the quarter; disclosed interest income is $16.876 million.
- Data storage and software are generally permissible, but the filing does not provide a universal prohibited-activity numerator across AI, security, hyperscaler, government and acquisition-related end uses.
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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