Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is Fidelity National Information Services, Inc. (FIS) Halal?

FAIL

Fidelity National Information Services, Inc. · NYSE: FIS · Financials

The short answer

No - Fidelity National Information Services, Inc. (FIS) fails this Shariah stock screen on the debt gate alone. FIS, the Jacksonville-based fintech (Banking Solutions core-banking software, Capital Market Solutions; FY2025 revenue $10,677M; Worldpay divested 2024) - its business is permissible and its separately disclosed interest income is only about 0.22% of revenue, but its interest-bearing debt of $21,174M (Q2 2026 10-Q) is about 124.0% of its ~$17.07B market cap (October 2026), far above the 33% ceiling. Zoya and Musaffa also rate FIS non-compliant.

Gate 1 — Business activity: PASS

Fidelity National Information Services, Inc. (NYSE: FIS), headquartered in Jacksonville, Florida (founded 1968), is a financial-technology company, not a bank or lender. Per its FY2025 Form 10-K (filed February 24, 2026), it reports two operating segments: Banking Solutions ($7,285M FY2025 revenue) - core processing software, transaction processing software and complementary applications sold to financial institutions; and Capital Market Solutions ($3,196M) - software for capital markets participants. The former Worldpay Merchant Solutions business (55% sold to GTCR in Q1 2024) is recast as discontinued operations. No segment involves interest-based lending or other impermissible core activity, so FIS passes the business gate.

Gate 2 — Debt and cash: FAIL

Per FIS's Q2 2026 Form 10-Q (Consolidated Balance Sheet, June 30, 2026; $ millions; filed August 4, 2026), total interest-bearing debt was: short-term borrowings $4,226M + current portion of long-term debt $1,516M + long-term debt excluding current portion $15,432M = $21,174M. (Operating lease liabilities excluded.) Against a market cap of about $17.07B (515,705,917 shares outstanding per the 10-Q at $33.10 per share, Finnhub October 2, 2026), the debt-to-market-cap ratio is about 124.04% - far above the 33% ceiling. Debt rose sharply in H1 2026 (from $13,082M at December 31, 2025) alongside a jump in total assets from $33.5B to $44.1B. FIS fails the debt gate.

Gate 3 — Non-compliant income: PASS

FIS's FY2025 Form 10-K (filed February 24, 2026) separately discloses an 'Interest income' line in its Consolidated Statements of Earnings (Loss): $24M for 2025 (interest expense was $391M, shown separately). Against FY2025 total revenue of $10,677M, interest income is about 0.22% - well under the 5% non-compliant income ceiling. (The Q2 2026 Form 10-Q nets interest into 'Interest expense, net' without a separate breakout; the annual filing provides the disclosed figure.) Cash and cash equivalents were $744M at June 30, 2026. FIS passes the interest-income gate.

Key figures used

Frequently asked questions

What does Fidelity National Information Services (FIS) do?

Fidelity National Information Services, Inc. (NYSE: FIS), headquartered in Jacksonville, Florida (founded 1968), is a financial-technology company. Per its FY2025 Form 10-K (filed February 24, 2026), it reports two operating segments: Banking Solutions ($7,285M FY2025 revenue - core processing software, transaction processing software and related services sold to financial institutions) and Capital Market Solutions ($3,196M - software for capital markets). Total FY2025 revenue was $10,677M. The company sold a 55% stake in its Worldpay Merchant Solutions business to GTCR in Q1 2024; that business is recast as discontinued operations. FIS is not a bank and does not lend.

Is FIS stock halal?

No - FIS fails this Shariah stock screen on the debt gate. Its interest-bearing debt of $21,174M (per the Q2 2026 Form 10-Q balance sheet, June 30, 2026) is about 124.0% of its ~$17.07B market cap (October 2026), far above the 33% ceiling. Its business is otherwise permissible (fintech software and services) and its separately disclosed interest income is only about 0.22% of revenue, but the debt gate alone makes it a FAIL.

Why does FIS fail the screen?

FIS fails because its debt-to-market-cap ratio is about 124.0%, far above the 33% ceiling used in this screen. Per the Q2 2026 Form 10-Q (filed August 4, 2026; $ millions): short-term borrowings $4,226M + current portion of long-term debt $1,516M + long-term debt excluding current portion $15,432M = $21,174M total interest-bearing debt. Against a market cap of ~$17.07B (515,705,917 shares outstanding per the 10-Q at $33.10 per share, October 2026), that is about 124.0%. Debt rose sharply in the first half of 2026 (from $13,082M at December 31, 2025) alongside a jump in total assets.

Does FIS earn interest income?

FIS passes the interest-income gate. Its FY2025 Form 10-K separately discloses an 'Interest income' line in the Consolidated Statements of Earnings: $24M for 2025 against total revenue of $10,677M - about 0.22%, well under the 5% ceiling. (The Q2 2026 Form 10-Q nets interest into 'Interest expense, net' and does not break it out, but the annual filing discloses it separately.) Cash and cash equivalents were $744M at June 30, 2026.

What do Zoya and Musaffa say about FIS?

Both third-party screeners that cover FIS rate it non-compliant. Zoya (zoya.finance/stocks/fis) lists FIS as 'not Shariah-compliant' as of September 2026. Musaffa (musaffa.com/stock/FIS/) classifies FIS as 'not halal' as of September 2026. No FIS page was found on ShariaPortfolio. These are independent assessments using their own methodologies; this page's own screen also reaches FAIL (on the debt gate), so all three agree on the outcome.

Sources

Screened 2026-10-02 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).