Is STX (Seagate Technology Holdings plc) halal?

Q: Is STX (Seagate Technology Holdings plc) halal?

HALAL: Hard disk drive manufacturer — permissible data storage hardware. Seagate manufactures hard disk drives and data storage solutions. Core hardware manufacturing is entirely permissible. Higher debt typical of capital-intensive manufacturing but within Sharia thresholds. No involvement in prohibited industries.

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STX

Seagate Technology Holdings plc

HALAL

Score: 79/100

stock

Is STX Halal?

Hard disk drive manufacturer — permissible data storage hardware.

What You Should Know

Seagate manufactures hard disk drives and data storage solutions. Core hardware manufacturing is entirely permissible. Higher debt typical of capital-intensive manufacturing but within Sharia thresholds. No involvement in prohibited industries.

⚠️ Concerns

•Higher leverage from capital-intensive manufacturing
•Cyclical industry tied to data center demand
•Minor interest income

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