Is Fortinet, Inc. (FTNT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1.6% / 30% | 5.8% / 30% | 2.7% / 30% | 2.39% / 5% | ✓ HALAL |
| DJIM | 1.6% / 33% | 5.8% / 33% | 2.7% / 33% | 2.39% / 5% | ✓ HALAL |
| MSCI | 9.6% / 33% | 34.5% / 33% | 16.3% / 33% | 2.39% / 5% | ✗ NOT HALAL |
| S&P | 1.6% / 33% | 5.8% / 33% | 2.7% / 33% | 2.39% / 5% | ✓ HALAL |
| FTSE | 9.6% / 33% | 34.5% / 33% | 16.3% / 50% | 2.39% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 80.5% | |
| Operating Margin | 32.8% | |
| Net Margin | 27.3% | |
| Return on Equity (ROE) | 135.7% | |
| Return on Assets (ROA) | 12.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $2.6B |
| Free Cash Flow | $2.2B |
| Total Debt | $996M |
| Debt-to-Equity | 85.8 |
| Current Ratio | 1.2 |
| Total Assets | $10.4B |
Price & Trading
| Last Close | $81.03 |
| 50-Day MA | $81.22 |
| 200-Day MA | $85.59 |
| Avg Volume | 6.6M |
| Beta | 1.0 |
|
52-Week Range
$70.12
| |
About Fortinet, Inc. (FTNT)
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers FortiOS, a unified operating system designed to address cybersecurity threats; FortiASIC application-specific integrated circuit (ASIC)-based security processing units; FortiCloud, a private cloud software as a service platform; FortiAI, which provides a dual-layered defense across the Fortinet Security Fabric; FortiEndpoint, which converges secure connectivity, endpoint protection, and capabilities into a single agent; and OT Security, which protect the engineered systems that underpin infrastructure and supply chains. It also provides secure networking solutions that focus on the convergence of networking and security; network firewall solutions comprising FortiGate data centers, hyperscale, and distributed firewalls; wireless local area network solutions; and secure connectivity solutions. In addition, the company offers the Fortinet Unified Secure Access Service Edge solutions that include firewall, software-defined wide-area network, secure web gateway, cloud access services broker, data loss prevention, and zero trust network access; and web application firewalls, cloud network security with virtualized firewalls, cloud-native firewalls, cloud-native application protection, and code security. Further, it provides AI-driven security operation solutions, which include a suite of cybersecurity solutions, as well as FortiEDR, FortiXDR, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, and FortiRecon. Additionally, the company offers FortiGuard Labs, a cybersecurity threat intelligence and research organization; FortiGuard and Other Security Services, a suite of AI-powered security capabilities that consists of FortiGuard application, content, device, NOC/SOC, and web security services; and FortiCare technical support services. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.
Purification Calculator
As a halal stock with 2.39% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Fortinet, Inc. (FTNT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Fortinet, 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 Fortinet, Inc.'s debt ratio?
Fortinet, Inc.'s debt ratio is 1.6% 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 9.6%.
Does Fortinet, Inc. require dividend purification?
Yes, Fortinet, Inc. has an impermissible income ratio of 2.39%, which means 2.39% 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 Fortinet, Inc.'s key financial metrics?
Fortinet, Inc. has a market capitalization of $58.2B, trailing P/E ratio of 32.3, and revenue of $6.8B. The company maintains a gross margin of 80.5% and a net margin of 27.3%. Return on equity stands at 135.7%.
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.