Is Elastic N.V. (ESTC) halal? Doubtful. Based on AAOIFI screening, Elastic N.V. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 44/100 (Grade: C).
ESTC — Is Elastic N.V. Halal?
DoubtfulElastic N.V.
$61.65
-2.73%
Why This Stock Is Doubtful
- Interest-bearing deposits are 28.3% of market cap — near the 30% threshold
Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.
Shariah Compliance Status
Based on AAOIFI screening standards
Marginal
Multiple ratios near AAOIFI thresholds
Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Financial Ratio Screen
PassedFinancial ratios must be below AAOIFI thresholds
Purify Your ESTC Dividends
1.8% non-compliant incomeESTC has 1.8% prohibited income. Calculate exactly how much of your dividends to donate.
Financial Overview
Market Cap
-
Price
$61.65
Sector
Technology
Industry
Software—Application
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Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.