NYSE Shariah screener · October 2026
Is Arista Networks, Inc. (ANET) Halal?
Arista Networks, Inc. · NYSE: ANET · Technology
The short answer
Yes — Arista Networks, Inc. (ANET) passes this Shariah stock screen. The Santa Clara-based data-networking company (cloud networking solutions for AI clusters, data centers, campus and routing — Ethernet switches/routers, EOS, CloudVision; VeloCloud acquired from Broadcom in June 2025) has no disclosed prohibited business lines — networking hardware/software is not weapons manufacturing. Its balance sheet carries zero debt: 0.00% of its ~$258.5B market cap ($204.49, October 1, 2026), below the ~33% ceiling. Interest income of $383.4M is about 4.26% of FY2025 revenue ($9,005.7M), below the 5% non-compliant income ceiling — though the highest ratio among the recent US-expansion passes, worth watching in future screens. Zoya rates ANET Shariah-compliant; no Musaffa or ShariaPortfolio rating was found — honestly reported as absent, not invented.
Gate 1 — Business activity: PASS
Arista Networks, Inc. (NYSE: ANET), founded in 2004 and headquartered in Santa Clara, California, is a data-driven networking company selling cloud networking solutions for AI clusters, data centers, campus environments and routing: high-performance Ethernet switches and routers, its Extensible Operating System (EOS) and CloudVision for managing, automating and monitoring network infrastructure. In June 2025 it acquired the VeloCloud business from Broadcom for $300M cash. FY2025 revenue was $9,005.7M (product $7,576.9M; service $1,428.8M); Q2 2026 revenue was $3.04B (+37.7% YoY). Haram flags: none. No interest-based lending, alcohol, pork, gambling, adult entertainment, conventional insurance, tobacco, or weapons in the 10-K business description. Networking hardware/software for AI infrastructure is not weapons manufacturing. Gate 1 passes. Facts only.
Gate 2 — Debt and cash: PASS
Per Arista Networks' FY2025 10-K (year ended December 31, 2025, filed February 13, 2026), the balance sheet carries no debt lines (liabilities are accounts payable, accrued liabilities, deferred revenue and other long-term liabilities). MarketBeat confirms "total debt of $0.00 at the end of 2025." Against a market cap of about $258.5B ($204.49, October 1, 2026), debt ÷ market cap is 0.00% — below the ~33% ceiling. Cash and cash equivalents ($1,963.9M) plus marketable securities ($8,779.1M) total $10,743.0M, about 4.16% of market cap. Gate 2 passes. Facts only.
Gate 3 — Non-compliant income: PASS
Arista Networks' FY2025 10-K (Note "Other Income, Net") reports "Interest income" of $383.4M against total revenue of $9,005.7M — about 4.26% of revenue, below the 5% non-compliant income ceiling but elevated — the highest non-compliant-income ratio among the recent US-expansion passes, worth watching in future screens. Zoya's page publishes identical figures ($9,005,700,000 revenue; $383,400,000 interest income = 4.26%). Gate 3 passes. Facts only.
Key figures used
- Business: data-driven networking — cloud networking for AI clusters, data centers, campus, routing (Ethernet switches/routers, EOS, CloudVision); VeloCloud acquired from Broadcom Jun 2025 ($300M cash); founded 2004, Santa Clara, CA
- Total debt: $0 (no debt lines on FY2025 balance sheet; MarketBeat confirms) — debt ÷ market cap 0.00% of ~$258.5B ($204.49, Oct 1, 2026), under the ~33% ceiling
- Cash: $10,743.0M (cash & equivalents $1,963.9M + marketable securities $8,779.1M) ≈ 4.16% of market cap
- Interest income: $383.4M vs FY2025 revenue $9,005.7M — ≈4.26% of revenue, under the 5% ceiling but highest among recent US-expansion passes (worth monitoring)
- FY2025 revenue $9,005.7M (product $7,576.9M; service $1,428.8M); Q2 2026 revenue $3.04B (+37.7% YoY)
- Zoya: Shariah-compliant (Sep 2026); Musaffa: no rating found; ShariaPortfolio: no rating found (halal.sh: PASS)
Frequently asked questions
What does Arista Networks do?
Arista Networks, Inc. (NYSE: ANET), founded in 2004 and headquartered in Santa Clara, California, is a data-driven networking company selling cloud networking solutions for AI clusters, data centers, campus environments and routing: high-performance Ethernet switches and routers, its Extensible Operating System (EOS) and CloudVision for managing, automating and monitoring network infrastructure. In June 2025 it acquired the VeloCloud business from Broadcom for $300M cash. FY2025 revenue was $9,005.7M (product $7,576.9M; service $1,428.8M); Q2 2026 revenue was $3.04B (+37.7% YoY).
Why does Arista Networks pass this Shariah stock screen?
Arista Networks passes all three gates of this screen. Its business is data networking hardware and software for AI infrastructure — with no prohibited lines (no alcohol, gambling, pork, conventional banking/insurance, tobacco, weapons or adult entertainment; networking is not weapons manufacturing). Its balance sheet carries no debt — 0.00% of its ~$258.5B market cap, below the ~33% ceiling. Interest income of $383.4M is about 4.26% of FY2025 revenue ($9,005.7M) — passing but elevated and the highest non-compliant-income ratio among the recent US-expansion passes, worth monitoring. Zoya rates ANET Shariah-compliant. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.
What is Arista Networks' interest-bearing debt ratio?
Per Arista Networks' FY2025 10-K (year ended December 31, 2025, filed February 13, 2026), the balance sheet carries no debt lines (liabilities are accounts payable, accrued liabilities, deferred revenue and other long-term liabilities). MarketBeat confirms "total debt of $0.00 at the end of 2025." Against a market cap of about $258.5B ($204.49, October 1, 2026), debt ÷ market cap is 0.00% — below the ~33% ceiling. Cash and cash equivalents ($1,963.9M) plus marketable securities ($8,779.1M) total $10,743.0M, about 4.16% of market cap.
What is Arista Networks' non-compliant income ratio?
Arista Networks' FY2025 10-K (Note "Other Income, Net") reports "Interest income" of $383.4M against total revenue of $9,005.7M — about 4.26% of revenue, below the 5% non-compliant income ceiling but elevated and the highest among the recent US-expansion passes, worth watching in future screens. Zoya's page publishes identical figures ($9,005,700,000 revenue; $383,400,000 interest income = 4.26%).
Do Zoya, Musaffa, or ShariaPortfolio cover Arista Networks?
Zoya covers ANET (zoya.finance/stocks/anet): "As of September 2026, ANET is Shariah-compliant and therefore considered halal to invest in" (AAOIFI guidelines), and its published numbers corroborate the 10-K exactly. Musaffa: no ANET-specific public rating found in web search. ShariaPortfolio: no ANET-specific public rating found — both honestly reported as absent, not invented. (An independent AAOIFI-style screener, halal.sh, also rates ANET PASS with 0.00% debt/mktcap and 4.14% interest income/revenue.) This page applies the screen directly from Arista Networks' own filings.
Sources
- Arista Networks — FY2025 Form 10-K (year ended Dec 31, 2025, filed Feb 13, 2026): balance sheet (cash $1,963.9M; marketable securities $8,779.1M; no debt lines); income statement (revenue $9,005.7M); Note Other Income, Net (interest income $383.4M — stocklight mirror)
- Arista Networks — FY2025 10-K via SEC EDGAR filing mirror (CIK 1596532 — revenue: product $7,576.9M, service $1,428.8M)
- MarketBeat — ANET financials (total debt $0.00 end of 2025; FY2025 revenue $9.01B)
- Zoya — Arista Networks (ANET) stock page (Shariah-compliant, Sep 2026)
- halal.sh — ANET screening blog post (PASS, AAOIFI-style)
- Finnhub — ANET live quote data (XNYS, price $204.49, market cap $258.45B, October 1, 2026)
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).