Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is Oracle Corporation (ORCL) Halal?

PASS

Oracle Corporation · NYSE: ORCL · Technology

The short answer

Oracle Corporation (ORCL) passes this screen under the site's stated ceilings — but the pass is borderline and contested, and the caveats are part of the result. The enterprise software and cloud company (OCI, Oracle AI Database, hardware, professional services; Austin, Texas) has no prohibited business lines. Interest income of $780M is about 1.16% of FY2026 revenue ($67,357M), below the 5% ceiling. Total debt of $129,541M is about 32.6% of its ~$397.7B market cap ($138.07, October 1, 2026) — under this site's ~33% ceiling, but above the 30% debt threshold used by AAOIFI-standard screeners, which is why Zoya ("not Shariah-compliant"), Musaffa ("NOT HALAL") and HalalScreener ("Not Halal, 0/100") all rate Oracle non-compliant. Oracle's debt ballooned roughly $30B in FY2026 alone to fund AI datacenters, so a single further debt raise or share-price drop would flip even the 33% screen. No ShariaPortfolio rating was found — honestly reported as absent, not invented.

Gate 1 — Business activity: PASS

Oracle Corporation (NYSE: ORCL), headquartered in Austin, Texas, provides enterprise IT products and services: Oracle Cloud Applications and Oracle Cloud Infrastructure (OCI), Oracle AI Database and middleware software, Oracle hardware (Engineered Systems, servers, storage) and professional services. Per its FY2026 Form 10-K (fiscal year ended May 31, 2026), the business runs through three segments — cloud and software, hardware, and services — serving enterprises, governments and educational institutions. No prohibited lines are present — no alcohol, gambling, pork, conventional banking/insurance, tobacco, cannabis, weapons manufacturing or adult entertainment. It sells banking software (FLEXCUBE) to conventional banks, but that is enterprise software revenue, not interest income. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per Oracle's Form 10-K for fiscal 2026 (year ended May 31, 2026, filed June 22, 2026), total debt was $129,541M — current notes payable and other borrowings $7,199M plus non-current $122,342M on the balance sheet. Against a market cap of about $397.7B ($138.07 × 2,880,471,000 shares outstanding at June 12, 2026, October 1, 2026 close), debt ÷ market cap is about 32.6% — under this site's ~33% ceiling, but above the 30% debt threshold that AAOIFI-standard screeners apply. Cash and cash equivalents ($31,289M) plus current marketable securities ($605M) total $31,894M, about 8.0% of market cap. Margin warning: Oracle's debt ballooned roughly $30B in FY2026 alone to fund AI datacenters, and it plans more financing in FY2027 — a single further debt raise or a share-price drop would flip even the 33% screen. Gate 2 passes under this site's ceiling, with the AAOIFI disagreement stated explicitly. Facts only.

Gate 3 — Non-compliant income: PASS

Oracle's FY2026 10-K (Note 1, "Non-Operating Income (Expenses), net") reports interest income of $780M against total revenue of $67,357M — about 1.16% of revenue, below the 5% non-compliant income ceiling. (Zoya's page cites interest income of $1,136M = 1.69% from a different dataset — still under 5% on either figure.) The income gate is not the contested point; the debt gate is. Gate 3 passes. Facts only.

Key figures used

Frequently asked questions

What does Oracle do?

Oracle Corporation (NYSE: ORCL), headquartered in Austin, Texas, provides enterprise IT products and services: Oracle Cloud Applications and Oracle Cloud Infrastructure (OCI), Oracle AI Database and middleware software, Oracle hardware (Engineered Systems, servers, storage) and professional services. Per its FY2026 10-K (fiscal year ended May 31, 2026), the business runs through three segments — cloud and software, hardware, and services — serving enterprises, governments and educational institutions. It sells banking software (FLEXCUBE) to conventional banks, but that is enterprise software revenue, not interest income.

Why is Oracle's pass considered borderline?

Oracle passes this screen under the site's stated ceilings, but the pass is borderline and contested — the caveats matter. Its business is clean enterprise software and cloud infrastructure with no prohibited lines. Interest income of $780M is about 1.16% of FY2026 revenue ($67,357M), below the 5% ceiling. Total debt of $129,541M is about 32.6% of its ~$397.7B market cap — under this site's ~33% ceiling, but above the stricter 30% debt threshold used by AAOIFI-standard screeners. That is why Zoya ("not Shariah-compliant"), Musaffa ("NOT HALAL") and HalalScreener ("Not Halal, 0/100") all rate Oracle non-compliant: their 30% debt ceiling is breached. Oracle's debt ballooned roughly $30B in FY2026 alone to fund AI datacenters, so a single further debt raise or share-price drop would flip even the 33% screen. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

What is Oracle's interest-bearing debt ratio?

Per Oracle's Form 10-K for fiscal 2026 (fiscal year ended May 31, 2026, filed June 22, 2026), total debt was $129,541M — current notes payable and other borrowings $7,199M plus non-current $122,342M on the balance sheet. Against a market cap of about $397.7B ($138.07 × 2,880,471,000 shares outstanding at June 12, 2026, October 1, 2026 close), debt ÷ market cap is about 32.6% — under this site's ~33% ceiling, but above the 30% AAOIFI threshold that Zoya, Musaffa and HalalScreener apply. Cash and cash equivalents ($31,289M) plus current marketable securities ($605M) total $31,894M, about 8.0% of market cap.

What is Oracle's non-compliant income ratio?

Oracle's FY2026 10-K (Note 1, "Non-Operating Income (Expenses), net") reports interest income of $780M against total revenue of $67,357M — about 1.16% of revenue, below the 5% non-compliant income ceiling. Note: Zoya's page cites interest income of $1,136M (1.69%) from a different dataset — still under 5% on either figure. The income gate is not the contested point; the debt gate is.

Do Zoya, Musaffa, or ShariaPortfolio cover Oracle?

Zoya covers ORCL and states: "As of September 2026, ORCL is not Shariah-compliant" (zoya.finance/stocks/orcl). Musaffa covers ORCL as "NOT HALAL" as of September 2026 under its AAOIFI-based methodology (musaffa.com/stock/ORCL/). HalalScreener (AAOIFI Standard 21, screened October 1, 2026) rates ORCL "Not Halal, 0/100 (F)" — business activity passes, debt-to-market-cap 32.9% vs the 30% AAOIFI limit fails. No public ShariaPortfolio rating for ORCL was found — reported as absent, not invented. All three fail Oracle on the debt threshold, which this site sets at 33% rather than 30% — the page states that difference explicitly.

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).