NASDAQ Shariah screener · October 2026
Is Cisco Systems, Inc. (CSCO) Halal?
Cisco Systems, Inc. · NASDAQ: CSCO · Technology
The short answer
Yes — Cisco Systems, Inc. (CSCO) passes this Shariah stock screen. The networking and security technology company (Networking, Security, Collaboration, Observability; Splunk acquired 2024) has no disclosed prohibited business lines — its customer-financing arm's interest income is already captured inside the reported interest-income figure. Its total debt of $29,533M is about 6.89% of its ~$428.8B market cap ($108.76, October 1, 2026), below the ~33% ceiling. Interest income of $866M is about 1.37% of FY2026 revenue ($63,325M), below the 5% non-compliant income ceiling. Zoya rates Cisco Shariah-compliant and Musaffa's lists show it halal; no ShariaPortfolio rating was found — honestly reported as absent, not invented.
Gate 1 — Business activity: PASS
Cisco Systems, Inc. (NASDAQ: CSCO) designs and sells a broad range of hardware, software and AI-powered digital infrastructure. Per its FY2026 Form 10-K (fiscal year ended July 25, 2026), products are grouped into Networking, Security, Collaboration and Observability, plus technical support and professional services. Customers include businesses of all sizes, public institutions, governments and service providers (including hyperscalers); Splunk (acquired 2024) is its observability and data platform. None of the core segments are prohibited lines — no alcohol, gambling, pork, conventional banking/insurance, tobacco, cannabis, weapons manufacturing or adult entertainment. Cisco runs a customer-financing arm (financing receivables $8,332M total), but its interest income is already captured inside the reported interest-income figure in Gate 3. Gate 1 passes. Facts only.
Gate 2 — Debt and cash: PASS
Per Cisco's Form 10-K for fiscal 2026 (year ended July 25, 2026), total debt was $29,533M — short-term debt $10,161M plus long-term debt $19,372M on the consolidated balance sheet. Against a market cap of about $428.8B (3,942,586,873 shares outstanding at August 27, 2026 × $108.76 on October 1, 2026), debt ÷ market cap is about 6.89%, below the ~33% ceiling. Cash and cash equivalents ($7,218M) plus available-for-sale debt investments ($8,339M) and marketable equity securities ($361M) total $15,918M, about 3.71% of market cap. Gate 2 passes. Facts only.
Gate 3 — Non-compliant income: PASS
Cisco's FY2026 10-K reports interest income of $866M against total revenue of $63,325M (product $48,295M + services $15,030M) — about 1.37% of revenue, below the 5% non-compliant income ceiling. For context: "other income (loss), net" was $1,245M, driven by $1,409M of unrealized gains on non-marketable equity securities — even counting all of that, ($866M + $1,245M) ÷ $63,325M is about 3.33%, still under the ceiling. This page uses the disclosed interest-income line. Gate 3 passes. Facts only.
Key figures used
- Business: hardware, software, AI-powered digital infrastructure — Networking, Security, Collaboration, Observability (+ support/professional services); Splunk (acquired 2024) is the observability platform
- Total debt: $29,533M (short-term $10,161M + long-term $19,372M) at Jul 25, 2026 — debt ÷ market cap ≈ 6.89% of ~$428.8B (3,942,586,873 shares × $108.76, Oct 1, 2026), under the ~33% ceiling
- Cash: $15,918M (cash & equivalents $7,218M + AFS debt investments $8,339M + marketable equity securities $361M) ≈ 3.71% of market cap
- Interest income: $866M vs FY2026 revenue $63,325M — ≈1.37% of revenue, under the 5% non-compliant income ceiling (stricter all-other-income view: ≈3.33%, still under)
- Customer-financing arm (financing receivables $8,332M) — its interest income is captured inside the reported interest-income figure
- Zoya: Shariah-compliant; Musaffa Academy lists: halal (Dow Jones halal list, Nasdaq-100 halal list); ShariaPortfolio: no rating found
Frequently asked questions
What does Cisco do?
Cisco Systems, Inc. (NASDAQ: CSCO) designs and sells hardware, software and AI-powered digital infrastructure. Per its FY2026 10-K (fiscal year ended July 25, 2026), products are grouped into Networking, Security, Collaboration and Observability — plus technical support and professional services. Customers include businesses of all sizes, public institutions, governments and service providers; Splunk (acquired 2024) is its observability and data platform.
Why does Cisco pass this Shariah stock screen?
Cisco passes all three gates of this screen. Its business — networking, security, collaboration and observability technology — has no prohibited lines (no alcohol, gambling, pork, conventional banking/insurance, tobacco, cannabis, weapons manufacturing or adult entertainment). Its customer-financing arm's interest income is already captured inside the reported interest-income figure. Total debt of $29,533M is about 6.89% of its ~$428.8B market cap, below the ~33% ceiling. Interest income of $866M is about 1.37% of FY2026 revenue ($63,325M), below the 5% non-compliant income ceiling. Zoya rates Cisco Shariah-compliant and Musaffa's lists show it halal. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.
What is Cisco's interest-bearing debt ratio?
Per Cisco's Form 10-K for fiscal 2026 (fiscal year ended July 25, 2026), total debt was $29,533M — short-term debt $10,161M plus long-term debt $19,372M on the consolidated balance sheet. Against a market cap of about $428.8B (3,942,586,873 shares outstanding at August 27, 2026 × $108.76, October 1, 2026), debt ÷ market cap is about 6.89% — below the ~33% ceiling. Cash and cash equivalents ($7,218M) plus available-for-sale debt investments ($8,339M) and marketable equity securities ($361M) total $15,918M, about 3.71% of market cap.
What is Cisco's non-compliant income ratio?
Cisco's FY2026 10-K reports interest income of $866M against total revenue of $63,325M (product $48,295M + services $15,030M) — about 1.37% of revenue, below the 5% non-compliant income ceiling. A stricter view counting all of "other income (loss), net" ($1,245M, driven by $1,409M of unrealized gains on non-marketable equity securities) would give ($866M + $1,245M) ÷ $63,325M = about 3.33% — still under the 5% ceiling. This page uses the disclosed interest-income line.
Do Zoya, Musaffa, or ShariaPortfolio cover Cisco?
Zoya covers CSCO and states it is Shariah-compliant (zoya.finance/stocks/csco), citing the same FY2026 figures (revenue $63.325B, interest income $866M = 1.37%). Musaffa's Academy lists show Cisco passing its halal screen (Dow Jones halal list, Nasdaq-100 halal list, and its 20 Halal Stocks in the United States guide). No public ShariaPortfolio rating for CSCO was found — reported as absent, not invented. This page applies the screen directly from Cisco's own filings.
Sources
- Cisco — Form 10-K, fiscal 2026 (year ended Jul 25, 2026): business segments; balance sheet (debt $29,533M; cash & investments $15,918M; financing receivables $8,332M); interest income $866M; revenue $63,325M (stocktitan filing page)
- Finnhub — CSCO live quote data (price $108.76, market cap, October 1, 2026)
- Zoya — Cisco (CSCO) stock page (Shariah-compliant)
- Musaffa Academy — List of halal stocks in the Dow Jones (Cisco passes Musaffa's halal screen)
- Musaffa Academy — Halal stocks in Nasdaq-100 (Cisco Systems, Inc. | CSCO | Halal)
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).