NASDAQ Shariah screener · October 2026

Is Adobe Inc. (ADBE) Halal?

PASS

Adobe Inc. · NASDAQ: ADBE · Technology

The short answer

Yes - Adobe Inc. (ADBE) passes this Shariah stock screen at all three gates. Adobe, founded 1982 and headquartered in San Jose, California, sells creative and document software (~74% of FY2025 revenue - Photoshop, Illustrator, Acrobat, Firefly), enterprise marketing software (~25% - Experience Cloud), and legacy publishing products (~1%) - none involve alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance. The financial ratios pass comfortably: total debt of $6,363M is about 6.63% of its ~$95.91B market cap ($241.28/share, October 1, 2026), below the ~33% ceiling, and interest income of $264M is about 1.11% of FY2025 revenue ($23,769M), below the 5% ceiling. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

Gate 1 — Business activity: PASS

Adobe Inc. (NASDAQ: ADBE), founded 1982 and headquartered in San Jose, California (Chair and CEO Shantanu Narayen; Anil Chakravarthy to become president and CEO December 1, 2026), reports three segments per its FY2025 10-K: Digital Media ($17,650M of $23,769M revenue, ~74% - Creative Cloud: Photoshop, Illustrator, Premiere Pro, InDesign, Firefly; Document Cloud: Acrobat and document services), Digital Experience ($5,860M, ~25% - Experience Cloud: analytics, marketing, commerce, customer experience management), and Publishing and Advertising (~$256M, ~1% - legacy print and publishing products). Beginning FY2026, Adobe merged these into one reportable segment with supplemental disclosure. Business-screen implication (factual): every segment sells software subscriptions and services - none involve alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per Adobe's Q3 FY2026 Form 10-Q (quarter ended August 28, 2026; SEC CIK 796343), total debt was $6,363M - current debt $1,597M + long-term debt $4,766M. Against a market cap of about $95.91B (397,500,000 shares outstanding per company notice dated September 8, 2026 x $241.28, October 1, 2026, per Finnhub), debt / market cap is about 6.63% - below the ~33% ceiling. Cash and cash equivalents of $4,359M plus short-term investments of $380M totals $4,739M, about 4.94% of market cap. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

Adobe's FY2025 Form 10-K (fiscal year ended November 28, 2025; SEC CIK 796343) reports interest income of $264M against FY2025 revenue of $23,769M - about 1.11% of revenue, below the 5% non-compliant income ceiling. Line used: the 'Interest income' breakdown inside 'Other income (expense), net' in the Notes to Consolidated Financial Statements (interest income $264M, foreign exchange losses $15M, realized fixed-income losses $1M, net $248M). Gate 3 passes. Facts only.

Key figures used

Business: three segments per FY2025 10-K - Digital Media ($17,650M, ~74% of revenue; Creative Cloud apps, Document Cloud/Acrobat), Digital Experience ($5,860M, ~25%; Experience Cloud), Publishing and Advertising (~$256M, ~1%; legacy print products); merged into one reportable segment from FY2026
No haram segments: all revenue from software subscriptions and services - no alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance
Debt: $6,363M (current debt $1,597M + long-term debt $4,766M, Q3 FY2026 10-Q) - debt / market cap ~ 6.63% of ~$95.91B (397,500,000 shares x $241.28, Oct 1, 2026), under the ~33% ceiling
Cash: $4,359M cash and cash equivalents + $380M short-term investments = $4,739M, ~ 4.94% of market cap; FY2025 operating cash flow $10.03B
Interest income: $264M (FY2025 10-K notes breakdown) vs revenue $23,769M - ~1.11% of revenue, under the 5% ceiling; interest expense was $263M
Q3 FY2026: revenue $6.76B (+13% YoY), net income $1.827B; total ARR $27.5B; CEO transition - Shantanu Narayen steps down Dec 1, 2026, Anil Chakravarthy becomes president and CEO
Third-party: Zoya covers ADBE but public-page rating inconclusive (contradictory auto-generated text); Musaffa lists ADBE as Halal (4/5); ShariaPortfolio: no ADBE page found

Frequently asked questions

What does Adobe do?

Adobe Inc. (NASDAQ: ADBE), founded 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company for digital content creation, document management, and digital experiences. Chair and CEO Shantanu Narayen is stepping down as CEO on December 1, 2026 (becoming executive chair), with Anil Chakravarthy to become president and CEO. Per its FY2025 10-K, Adobe reports three segments: Digital Media ($17.65B of $23.77B revenue, ~74% - Creative Cloud apps like Photoshop, Illustrator, Premiere Pro, InDesign, Firefly, plus Document Cloud/Acrobat), Digital Experience ($5.86B, ~25% - Experience Cloud analytics, marketing, commerce and customer-experience products), and Publishing and Advertising (~$256M, ~1% - legacy print and publishing products). Beginning FY2026, Adobe merged the segments into one reportable segment with supplemental disclosure. Facts only.

Why does Adobe pass this Shariah stock screen?

Adobe passes this Shariah stock screen at all three gates. Gate 1 (business activity): all three segments sell software subscriptions and services - creative, document, and enterprise marketing software. None involve alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance. Gate 2 (debt): $6,363M total debt is about 6.63% of its ~$95.91B market cap, below the ~33% ceiling. Gate 3 (non-compliant income): interest income of $264M is about 1.11% of FY2025 revenue ($23,769M), below the 5% ceiling. Result: PASS. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

What is Adobe's interest-bearing debt ratio?

Per Adobe's Q3 FY2026 Form 10-Q (quarter ended August 28, 2026; SEC CIK 796343; 397,500,000 shares outstanding per company notice dated September 8, 2026), total debt was $6,363M - current debt $1,597M + long-term debt $4,766M. Against a market cap of about $95.91B (397,500,000 shares x $241.28, October 1, 2026, per Finnhub), debt / market cap is about 6.63% - below the ~33% ceiling. Cash and cash equivalents of $4,359M plus short-term investments of $380M totals $4,739M, about 4.94% of market cap. Facts only.

What is Adobe's non-compliant income ratio?

Adobe's FY2025 Form 10-K (fiscal year ended November 28, 2025; SEC CIK 796343) reports interest income of $264M against FY2025 revenue of $23,769M - about 1.11% of revenue, below the 5% non-compliant income ceiling. Line used: the 'Interest income' breakdown inside 'Other income (expense), net' in the Notes to Consolidated Financial Statements (interest income $264M, foreign exchange losses $15M, realized losses $1M, net $248M). Facts only.

Do Zoya, Musaffa, or ShariaPortfolio cover Adobe?

Zoya covers Adobe at zoya.finance/stocks/adbe, but its public page (updated September 2026) renders contradictory auto-generated template text - calling ADBE both 'Shariah-compliant and therefore considered halal' and 'Shariah-compliant and therefore not considered halal' - so no clean Zoya rating is retrievable without the app; honestly reported as inconclusive. (Zoya's page cites the same filing figures used here: interest income $264M, 1.11% of revenue.) Musaffa: Adobe appears as 'Halal' (rating 4/5) in Musaffa Academy's Nasdaq-100 list, and Musaffa's MSCI World article states Adobe 'is screened as halal on the Musaffa platform at its most recent quarterly review.' ShariaPortfolio: no ADBE screener page surfaced in search - honestly reported as not found. This page applies the screen directly from Adobe's own SEC filings.

Sources

Screened 2026-10-01 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).