Is ALKAMI TECHNOLOGY, INC. (ALKT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 20.4% / 30% | 5.5% / 30% | 2.8% / 30% | 0.94% / 5% | ✓ HALAL |
| DJIM | 20.4% / 33% | 5.5% / 33% | 2.8% / 33% | 0.94% / 5% | ✓ HALAL |
| MSCI | 43.5% / 33% | 11.7% / 33% | 6.1% / 33% | 0.94% / 5% | ✗ NOT HALAL |
| S&P | 20.4% / 33% | 5.5% / 33% | 2.8% / 33% | 0.94% / 5% | ✓ HALAL |
| FTSE | 43.5% / 33% | 11.7% / 33% | 6.1% / 50% | 0.94% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 57.8% | |
| Operating Margin | -7.6% | |
| Net Margin | -10.7% | |
| Return on Equity (ROE) | -13.3% | |
| Return on Assets (ROA) | -4.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $43M |
| Free Cash Flow | $34M |
| Total Debt | $369M |
| Debt-to-Equity | 101.8 |
| Current Ratio | 2.1 |
| Total Assets | $847M |
Price & Trading
| Last Close | $16.20 |
| 50-Day MA | $17.79 |
| 200-Day MA | $22.56 |
| Avg Volume | 2.0M |
| Beta | 0.6 |
|
52-Week Range
$14.11
| |
About ALKAMI TECHNOLOGY, INC. (ALKT)
Alkami Technology, Inc. provides a cloud-based digital sales and service platform for financial institutions in the United States. The company offers the Alkami digital sales & service platform, which includes the Alkami digital banking platform, onboarding & account opening, and data & marketing modules. Its solutions enable financial institutions to onboard and engage new users, accelerate revenues, and enhance operational efficiency, with the support of proprietary, cloud-based, and multi-tenant architecture. It serves community, regional, super-regional credit unions, and banks. The company was founded in 2009 and is based in Plano, Texas.
Purification Calculator
As a halal stock with 0.94% impermissible income, you need to purify your dividends.
Related Halal Stocks in Technology
Frequently Asked Questions
Is ALKAMI TECHNOLOGY, INC. (ALKT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ALKAMI TECHNOLOGY, INC. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is ALKAMI TECHNOLOGY, INC.'s debt ratio?
ALKAMI TECHNOLOGY, INC.'s debt ratio is 20.4% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 43.5%.
Does ALKAMI TECHNOLOGY, INC. require dividend purification?
Yes, ALKAMI TECHNOLOGY, INC. has an impermissible income ratio of 0.94%, which means 0.94% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are ALKAMI TECHNOLOGY, INC.'s key financial metrics?
ALKAMI TECHNOLOGY, INC. has a market capitalization of $1.6B, and revenue of $444M. The company maintains a gross margin of 57.8% and a net margin of -10.7%. Return on equity stands at -13.3%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.