NASDAQ Shariah screener · October 2026

Is Palantir Technologies Inc. (PLTR) Halal?

FAIL

Palantir Technologies Inc. · NASDAQ: PLTR · Technology

The short answer

No — Palantir Technologies Inc. (PLTR) fails this Shariah stock screen at the non-compliant income gate. Its FY2025 interest income of $229.2M is about 5.12% of revenue ($4,475.4M), above the 5% ceiling. The business and debt gates pass: Palantir is a software and data-analytics provider (Gotham, Foundry, Apollo, AIP) — not a weapons manufacturer, though government and defence agencies are major customers (~54% of FY2025 revenue) — and it carries zero debt. The latest quarter (Q2 2026: $77.5M interest income on $1,935M revenue = about 4.0%) is under the ceiling, so the screen could pass if the annual ratio comes down. Both third-party screeners that cover PLTR agree on the breach: Zoya flags it "questionable" and Musaffa rates it "doubtful"; no ShariaPortfolio rating was found — honestly reported as absent, not invented.

Gate 1 — Business activity: PASS

Palantir Technologies Inc. (NASDAQ: PLTR), founded in 2003 and headquartered in Denver, Colorado, builds data-integration and decision-making software platforms: Gotham (government, defence and intelligence analytics), Foundry (commercial operating system), Apollo (deployment and control layer) and AIP (LLM and agent integration layer). It began building software for the U.S. intelligence community for counterterrorism work and later expanded to commercial customers; in FY2025 about 54% of revenue came from government customers (including the U.S. DoD — e.g. a $10B Army ceiling contract) and 46% from commercial. Factual distinction: Palantir is a software and data-analytics provider, not a weapons manufacturer — it manufactures no weapons, and AAOIFI-style business screens target weapons manufacturing, not software. Some Muslim investors personally avoid military-linked revenue on principle; that position is noted, not imposed. It moved its listing from the NYSE to Nasdaq in November 2024. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per Palantir's Q2 2026 10-Q (period ended June 30, 2026, as reported in the official earnings release), the balance sheet shows no debt line items — zero borrowings, with nothing drawn under its $500M revolving credit facility. Against a market cap of about $446.7B (~$190.04 on October 1, 2026), debt ÷ market cap is 0.0%, below the ~33% ceiling. Cash and cash equivalents ($2,030.0M) plus marketable securities ($7,379.1M) total $9,409.1M, about 2.1% of market cap. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: FAIL

Palantir's FY2025 10-K reports interest income of $229.2M against revenue of $4,475.4M — about 5.12% of revenue, above the 5% non-compliant income ceiling. The most recent quarter (Q2 2026: interest income $77.5M on revenue $1,935M = about 4.0%) is under the ceiling — so the screen fails on the audited annual basis while the latest quarter passes. Factual note: Q2 2026 "net other income" of $91.8M was primarily realized/unrealized gains on equity securities and foreign exchange gains — not interest income, so it is not folded into this ratio. Both third-party screeners that cover PLTR (Zoya: questionable; Musaffa: doubtful) flag the same income-gate breach. Gate 3 fails. Facts only.

Key figures used

Business: data-integration/decision software — Gotham (govt/defence/intel), Foundry (commercial), Apollo, AIP; founded 2003, Denver; FY2025 ~54% government / ~46% commercial revenue; NYSE→Nasdaq Nov 2024
Government/defence customers are a material fact (~54% of revenue incl. U.S. DoD) — Palantir is a software provider, NOT a weapons manufacturer (AAOIFI business screens target weapons manufacturing)
Debt: $0 — no debt line items on the Q2 2026 10-Q balance sheet; nothing drawn under the $500M revolver — debt ÷ market cap 0.0% of ~$446.7B
Cash: $9,409.1M (cash & equivalents $2,030.0M + marketable securities $7,379.1M) ≈ 2.1% of market cap
Interest income: FY2025 $229.2M vs revenue $4,475.4M — ≈5.12% of revenue, ABOVE the 5% ceiling (fails); Q2 2026 quarter $77.5M on $1,935M ≈ 4.0% (under) — annual basis used for the result
Q2 2026 net other income $91.8M = realized/unrealized gains on equity securities + FX gains — not interest income; disclosed, not folded into the ratio
Zoya: "questionable" (Sep 2026, same 5.12% figures); Musaffa: "doubtful" (Sep 2026); ShariaPortfolio: no rating found

Frequently asked questions

What does Palantir do?

Palantir Technologies Inc. (NASDAQ: PLTR), founded in 2003 and headquartered in Denver, Colorado, builds data-integration and decision-making software platforms: Gotham (government, defence and intelligence analytics), Foundry (commercial operating system), Apollo (deployment and control layer) and AIP (LLM and agent integration layer). It began building software for the U.S. intelligence community for counterterrorism work and later expanded to commercial customers. In FY2025 about 54% of revenue came from government customers and 46% from commercial, with ~74% of revenue from the U.S.; it moved its listing from the NYSE to Nasdaq in November 2024.

Why does Palantir fail this Shariah stock screen?

Palantir fails this screen at the non-compliant income gate. Its FY2025 10-K reports interest income of $229.2M against revenue of $4,475.4M — about 5.12% of revenue, above the 5% ceiling. Both third-party screeners that cover PLTR independently reach the same conclusion: Zoya flags it "questionable" (September 2026, citing the same 5.12% figure) and Musaffa rates it "doubtful" (September 2026). The business and debt gates pass: Palantir is a software provider (not a weapons manufacturer) and carries zero debt. Note the trend: the latest quarter (Q2 2026: $77.5M interest income on $1,935M revenue = about 4.0%) is under the ceiling, so the screen could pass if the annual ratio comes down. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

What is Palantir's interest-bearing debt ratio?

Per Palantir's Q2 2026 10-Q (period ended June 30, 2026, as reported in the official earnings release), the balance sheet shows no debt line items — zero borrowings, with nothing drawn under its $500M revolving credit facility. Against a market cap of about $446.7B (~$190.04, October 1, 2026), debt ÷ market cap is 0.0% — below the ~33% ceiling. Cash and cash equivalents ($2,030.0M) plus marketable securities ($7,379.1M) total $9,409.1M, about 2.1% of market cap.

What is Palantir's non-compliant income ratio?

Palantir's FY2025 10-K reports interest income of $229.2M against revenue of $4,475.4M — about 5.12% of revenue, above the 5% non-compliant income ceiling. The most recent quarter (Q2 2026: interest income $77.5M on revenue $1,935M = about 4.0%) is under the ceiling — the screen fails on the audited annual basis, not the latest quarter. Factual note: Q2 2026 "net other income" of $91.8M was primarily driven by realized and unrealized gains on equity securities and foreign exchange gains — not interest income, so it is not folded into the interest-income ratio; it is disclosed here for completeness.

Do Zoya, Musaffa, or ShariaPortfolio cover Palantir?

Zoya covers PLTR and flags it "questionable" as of September 2026 (zoya.finance/stocks/pltr), citing FY2025 revenue $4,475,446,000 and interest income $229,181,000 (5.12%) — the breach of the 5% threshold is their stated reason. Musaffa covers PLTR as "doubtful" as of September 2026 (musaffa.com/stock/PLTR/). No public ShariaPortfolio rating for PLTR was found — reported as absent, not invented. This page applies the screen directly from Palantir's own filings and agrees with both covered screeners on the income-gate breach.

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).