Is NOKIA CORP (NOK) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 11.0% / 30% | 20.6% / 30% | 15.6% / 30% | 2.49% / 5% | ✓ HALAL |
| DJIM | 11.0% / 33% | 20.6% / 33% | 15.6% / 33% | 2.49% / 5% | ✓ HALAL |
| MSCI | 12.1% / 33% | 22.8% / 33% | 17.2% / 33% | 2.49% / 5% | ✓ HALAL |
| S&P | 11.0% / 33% | 20.6% / 33% | 15.6% / 33% | 2.49% / 5% | ✓ HALAL |
| FTSE | 12.1% / 33% | 22.8% / 33% | 17.2% / 50% | 2.49% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 44.6% | |
| Operating Margin | 13.0% | |
| Net Margin | 3.3% | |
| Return on Equity (ROE) | 3.1% | |
| Return on Assets (ROA) | 2.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $2.1B |
| Free Cash Flow | $1.5B |
| Total Debt | $4.4B |
| Debt-to-Equity | 21.0 |
| Current Ratio | 1.6 |
| Total Assets | $37.6B |
Price & Trading
| Last Close | $8.28 |
| 50-Day MA | $7.46 |
| 200-Day MA | $5.93 |
| Avg Volume | 42.7M |
| Beta | 0.6 |
|
52-Week Range
$4.00
| |
About NOKIA CORP (NOK)
Nokia Oyj, together with its subsidiaries, provides mobile, fixed, and cloud network solutions in North and Latin America, Greater China, India, Asia Pacific, Europe, the Middle East, and Africa. It operates in four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company offers fixed network solutions, such as fiber and copper technologies, access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP network solutions, which delivers IP edge routing and data center networking solutions for residential, mobile, enterprise, and cloud applications; and optical networks solutions, which provides optical transport networks for metro, regional, and long-haul applications. It also provides mobile technology products and services for radio access networks and microwave radio links for transport networks; and network management solutions, as well as network planning, optimization, network deployment, and technical support services. In addition, the company offers cloud and network services, including open, secure, automated, and scalable software and solutions; and 5G core, secure autonomous networks, private wireless and industrial edge, and network APIs. Further, it licenses intellectual property, including patents, technologies, and the Nokia brand. The company serves its products and services to defense communications energy and resources, enterprise and industrial campus, private networks, public sector, and transportation industries. Nokia Oyj was founded in 1865 and is headquartered in Espoo, Finland.
Purification Calculator
As a halal stock with 2.49% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is NOKIA CORP (NOK) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), NOKIA CORP 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 NOKIA CORP's debt ratio?
NOKIA CORP's debt ratio is 11.0% 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 12.1%.
Does NOKIA CORP require dividend purification?
Yes, NOKIA CORP has an impermissible income ratio of 2.49%, which means 2.49% 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 NOKIA CORP's key financial metrics?
NOKIA CORP has a market capitalization of $44.5B, trailing P/E ratio of 61.4, and revenue of $19.9B. The company maintains a gross margin of 44.6% and a net margin of 3.3%. Return on equity stands at 3.1%.
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.