NASDAQ Shariah screener · October 2026

Is Atlassian Corporation (TEAM) Halal?

PASS

Atlassian Corporation · NASDAQ: TEAM · Technology

The short answer

Atlassian passes all three Shariah gates: it sells permissible collaboration software (Jira, Confluence, Bitbucket) with no lending business, carries $989.6M of interest-bearing debt (2.22% of its ~$44.54 billion market cap), and separately disclosed interest income of about 1.06% of revenue is under the 5% ceiling.

Gate 1 — Business activity: PASS

Gate 1 — business activity: PASS. Atlassian Corporation, headquartered in Sydney, Australia, develops team-collaboration software. Per its FY2026 Form 10-K (fiscal year ended June 30, 2026, Item 1), the portfolio includes Jira, Confluence, Jira Service Management, Loom, Rovo, Bitbucket, Compass, Trello and Guard, sold mainly as Cloud subscriptions with self-managed Data Center licenses and Atlassian Marketplace app fees.

The company is not an interest-based lender - the 10-K describes no lending, financing or financial-services business - and is not involved in tobacco, gambling, alcohol or pork production. Revenue comes purely from software subscriptions and marketplace fees, a permissible business line, so the business passes gate 1.

Gate 2 — Debt and cash: PASS

Gate 2 — interest-bearing debt: PASS (2.22%, ceiling 33%). Per Atlassian's FY2026 Form 10-K (June 30, 2026 balance sheet and Note 11, Debt), long-term debt was $989,560 thousand - the company's $1,000,000 thousand principal amount of senior unsecured notes ($500,000 thousand of 5.250% notes due 2029 and $500,000 thousand of 5.500% notes due 2034, issued May 15, 2024), carried net of unamortized discount and issuance costs. The $750 million revolving credit facility had $0 drawn. Operating lease liabilities (current $48,509 thousand plus non-current $194,841 thousand) are excluded - they are not interest-bearing debt.

$989.6 million of interest-bearing debt against a market capitalization of about $44.54 billion (Finnhub, October 2, 2026) is 2.22%, well under the 33% ceiling. Cash and cash equivalents of $1,239,512 thousand at June 30, 2026 (marketable securities were fully sold/matured: $0) represent about 2.78% of market cap.

Gate 3 — Non-compliant income: PASS

Gate 3 — non-compliant income: PASS (1.06%, ceiling 5%). Atlassian's consolidated statements of operations separately disclose "Interest income" as its own line: FY2026 interest income of $69,710 thousand against FY2026 total revenue of $6,572,308 thousand is about 1.06%, under the 5% ceiling. (FY2025 interest income was $112,324 thousand against revenue of $5,215,304 thousand, about 2.15%.)

Key figures used

Business: team-collaboration software - Jira, Confluence, Jira Service Management, Loom, Rovo, Bitbucket, Compass, Trello, Guard; Cloud subscriptions plus Data Center licenses and Marketplace fees; single operating segment; FY2026 revenue $6,572,308K; HQ Sydney, Australia
Haram assessment: no interest-based lending, financing or financial-services business; no tobacco/gambling/alcohol/pork; purely software subscriptions and marketplace fees - business passes gate 1
Debt: $989,560K long-term debt at June 30, 2026 ($1B senior notes: $500M 5.250% due 2029 + $500M 5.500% due 2034, Note 11); $750M revolver undrawn ($0); 2.22% of ~$44.54B market cap (Finnhub, Oct 2, 2026) - well under the 33% ceiling
Cash: $1,239,512K cash and cash equivalents at June 30, 2026; marketable securities $0 (fully sold/matured) - ~2.78% of market cap
Interest income: $69,710K in FY2026 (separately disclosed line) vs $6,572,308K revenue = 1.06% - under the 5% ceiling (FY2025: $112,324K vs $5,215,304K = 2.15%)
Market data: NASDAQ-listed; still listed on Nasdaq Global Select Market (confirmed on the FY2026 10-K cover, filed August 2026; live quotes trading Oct 2, 2026; no delisting)
Third-party: Zoya publishes a TEAM page citing FY2026 figures (1.06% interest income ratio) but its rendered rating text is internally contradictory; Musaffa's Academy Nasdaq-100 halal list rates TEAM Halal 5/5; no verifiable ShariaPortfolio per-stock rating found

Frequently asked questions

What does Atlassian do?

Atlassian Corporation (NASDAQ: TEAM) is a software company headquartered in Sydney, Australia, whose mission is, in its own words, "to unleash the potential of every team." Per its FY2026 Form 10-K (fiscal year ended June 30, 2026), its portfolio centers on team-collaboration software: Jira (project management), Confluence (knowledge and workspace collaboration), Jira Service Management, Loom (async video), Rovo (AI agents, search and chat), Bitbucket (git-based source code management), plus Compass, Trello and Guard. Products are sold mainly as Cloud subscriptions, with self-managed Data Center term licenses (being end-of-lifed: no new sales since March 2026) and marketplace fees from third-party apps on the Atlassian Marketplace. The company reports as a single operating segment, and FY2026 total revenue was $6,572,308 thousand.

Is Atlassian's business Shariah compliant?

Atlassian sells collaboration software - Jira, Confluence, Loom, Bitbucket and related tools - not interest-based lending, and its 10-K describes no lending, financing or financial-services business. It is not involved in tobacco, gambling, alcohol or pork production. Software subscriptions and marketplace fees are a permissible business line, so the business passes this screener's first gate.

How much interest-bearing debt does Atlassian have?

Atlassian's only interest-bearing debt is its $1,000,000 thousand principal amount of senior unsecured notes issued May 15, 2024 - $500,000 thousand of 5.250% notes due 2029 and $500,000 thousand of 5.500% notes due 2034 - described in Note 11 (Debt) of its FY2026 Form 10-K. Carried net of unamortized discount and issuance costs, long-term debt was $989,560 thousand at June 30, 2026. Its $750 million senior unsecured revolving credit facility (maturing August 2029) had $0 drawn at June 30, 2026. Operating lease liabilities (current $48,509 thousand plus non-current $194,841 thousand) are excluded as they are not interest-bearing debt. $989.6 million against a market capitalization of about $44.54 billion is 2.22%, well under the 33% ceiling.

How much interest income does Atlassian earn?

Atlassian's consolidated statements of operations separately disclose "Interest income" as its own line item. FY2026 interest income was $69,710 thousand against FY2026 total revenue of $6,572,308 thousand, which is about 1.06% - under the 5% non-compliant income ceiling. (FY2025 interest income was $112,324 thousand against revenue of $5,215,304 thousand, about 2.15%.)

What do third-party Shariah screeners say about Atlassian?

Zoya publishes an Atlassian (TEAM) page that cites the FY2026 figures (revenue $6,572,308,000 and interest income $69,710,000, about 1.06%), but the page's rendered rating text is internally contradictory, so treat its headline rating with caution. Musaffa's Academy "Halal stocks in Nasdaq-100" list classifies Atlassian (TEAM) as Halal with a 5/5 rating. I could not verify a published ShariaPortfolio per-stock rating for TEAM from public sources. Third-party screeners apply different assumptions and update on different schedules, and their results can change when new financial statements are published - always check the latest screening before investing.

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).