Is Applied Digital Corp. (APLD) Halal?
Shariah Screening — 5 Standards
Based on financial data from May 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 10.0% / 30% | 0.6% / 30% | 0.0% / 30% | 71.55% / 5% | ✗ NOT HALAL |
| DJIM | 10.0% / 33% | 0.6% / 33% | 0.0% / 33% | 71.55% / 5% | ✗ NOT HALAL |
| MSCI | 37.6% / 33% | 2.2% / 33% | 0.2% / 33% | 71.55% / 5% | ✗ NOT HALAL |
| S&P | 10.0% / 33% | 0.6% / 33% | 0.0% / 33% | 71.55% / 5% | ✗ NOT HALAL |
| FTSE | 37.6% / 33% | 2.2% / 33% | 0.2% / 50% | 71.55% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 19.6% | |
| Operating Margin | -24.5% | |
| Net Margin | -47.4% | |
| Return on Equity (ROE) | -7.9% | |
| Return on Assets (ROA) | -1.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$115M |
| Free Cash Flow | -$797M |
| Total Debt | $703M |
| Debt-to-Equity | 125.9 |
| Current Ratio | 4.8 |
| Total Assets | $1.9B |
Price & Trading
| Last Close | $25.71 |
| 50-Day MA | $31.33 |
| 200-Day MA | $23.98 |
| Avg Volume | 27.5M |
| Beta | 7.3 |
|
52-Week Range
$3.31
| |
About Applied Digital Corp. (APLD)
Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America. It operates through: Data Center Hosting Business, and HPC Hosting Business. The company offers infrastructure services to crypto mining customers; and GPU computing solutions for critical workloads related to AI, machine learning, and other HPC tasks. It also engages in the designing, constructing, and managing of data centers to support HPC applications. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation has an lease agreement with CoreWeave for an additional 150MW at its Polaris Forge 1 Campus in Ellendale, North Dakota. Applied Digital Corporation is based in Dallas, Texas.
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Frequently Asked Questions
Is Applied Digital Corp. (APLD) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Applied Digital Corp. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Applied Digital Corp.'s debt ratio?
Applied Digital Corp.'s debt ratio is 10.0% 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 37.6%.
What are Applied Digital Corp.'s key financial metrics?
Applied Digital Corp. has a market capitalization of $6.6B, and revenue of $144M. The company maintains a gross margin of 19.6% and a net margin of -47.4%. Return on equity stands at -7.9%.
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.