--- title: "Is Palantir Technologies Stock Halal?" canonical: https://www.halalwallet.ca/is-it-halal/palantir-technologies-stock publisher: HalalWallet license: CC BY 4.0 verdict: not_halal verdict_label: Not Halal entity_type: stock ticker: PLTR exchange: NASDAQ last_reviewed: 2026-06-14 data_as_of: 2026-03-31 standards_disagree: true --- # Is Palantir Technologies Stock Halal? **Verdict: Not Halal** (Not permissible) Palantir Technologies Inc. (PLTR) does not pass Shariah screening: impermissible income / total revenue is 5.1% against the < 5% limit (data as of 2026-03-31). It is not held by Shariah-screened ETFs SPUS or HLAL. Screened alternatives exist in the same sector — see the halal stock screeners and ETF guides below. > HalalWallet is not a Shariah authority and does not issue religious rulings. We compile the most complete public record of what Shariah scholars, screening authorities, and mainstream standards say — reproduced from primary sources with dates and citations — and let you decide. ## How we read the evidence Palantir's business model raises none of the classic riba issues: it sells software platforms and related services, and its 10-K shows $4.48 billion of 2025 revenue from licensing and subscriptions, not from lending, interest, or financial products. On a pure revenue-mechanics screen, that is a clean profile. The considerations for a Muslim investor are instead about who the customers are and what the software does. Fifty-four percent of 2025 revenue came from government customers, including US defense and intelligence agencies, and US government revenue alone was $1.86 billion. Palantir's contracts with ICE have generated years of public controversy, and its growing defense work (weapons-adjacent AI targeting systems among them) is relevant to investors who apply ethical screens beyond AAOIFI's standard prohibited-industry list. Mainstream Shariah screening does not automatically exclude defense contractors, so different scholars and platforms can reasonably land in different places on Palantir depending on how they weigh these factors. It is worth noting that although Palantir is in the S&P 500, it does not appear in the current SPUS holdings (June 11, 2026), and it is also absent from HLAL (February 28, 2026 SEC-filed holdings). Neither fund publishes stock-by-stock reasons, so we cannot say whether the exclusions reflect financial-ratio screens (such as debt or liquidity thresholds), index methodology, or other criteria. Investors should check a live screener for the current compliance verdict and separately decide how they weigh the government and surveillance contract profile. ## Business activity screen Result: Pass Palantir Technologies builds data-integration and AI software platforms (Gotham, Foundry, AIP) for government and commercial customers. Per its FY2025 10-K, total revenue was $4.48 billion, of which 54% ($2.40 billion) came from government-segment customers and 46% ($2.07 billion) from commercial customers; US government revenue was $1.86 billion in 2025. Palantir's revenue is software licensing and services, with no disclosed lending or interest-based product revenue; no financing-income line was verified, so that field is effectively null. The Shariah/ethical questions are about customers rather than revenue mechanics: a majority of revenue (54% in 2025) comes from government work, which includes defense and intelligence agencies, and Palantir has publicly known contracts with US Immigration and Customs Enforcement (ICE) that have drawn sustained public controversy. Some scholars and values-based screens weigh defense and surveillance work as an ethical exclusion even where the income itself is not riba; standard AAOIFI business screens do not prohibit defense software per se. Note that Palantir is in the S&P 500 but is absent from the current SPUS holdings, and is absent from HLAL's holdings; the funds do not publish per-stock reasons, so the cause of exclusion (financial ratios vs other criteria) is not verifiable. ## Financial ratio screen (AAOIFI) Data as of: 2026-03-31 | Screen | Value | Limit | Result | |---|---|---|---| | Interest-bearing debt / market cap | 0.1% | < 30% | Pass | | Cash + interest-bearing securities / market cap | 2.7% | < 30% | Pass | | Impermissible income / total revenue | 5.1% | < 5% | Fail | Screening basis: AAOIFI Shariah Standard No. 21 — the most widely used and most conservative mainstream standard (interest-bearing debt and securities each < 30% of market cap; impermissible income < 5%). Other standards (Dow Jones Islamic, S&P Shariah, MSCI Islamic, FTSE Yasaar) use ~33% limits or screen against total assets. Full methodology: https://www.halalwallet.ca/halal-stock-screening-methodology ## How it screens across Shariah standards These standards disagree on this company — it passes some and fails others, which is why different apps can show different answers. The headline label follows AAOIFI (the strictest mainstream standard). | Standard | Debt | Cash & interest securities | Limit / basis | Result | |---|---|---|---|---| | AAOIFI (our standard) | 0.1% | 2.7% | < 30% of market cap | Pass | | Dow Jones Islamic / S&P Shariah threshold | 0.1% | 2.7% | < 33% of market cap | Pass | | MSCI Islamic / FTSE Yasaar basis | 2.1% | 78.7% | < 33.33% of total assets | Fail | HalalWallet computation reproducing each standard's threshold and denominator from public filings (balance sheet as of 2026-03-31) — not the providers' licensed index determinations, which can differ. Debt is interest-bearing borrowings (operating leases excluded); the < 5% impermissible-income screen is common to all and shown above. Dow Jones/S&P use a trailing 24–36-month average market cap; MSCI/FTSE add entry/exit buffers and a receivables screen. ## Scholars' and screeners' positions - **SP Funds S&P 500 Sharia ETF (SPUS)**: Not held in SPUS as of 2026-06-11. Absence can reflect screen failure or index scope — verify before citing as a screen outcome. ([source](https://www.sp-funds.com/spus/)) - **Wahed FTSE USA Shariah ETF (HLAL)**: Not held in HLAL as of 2026-06-11. Absence can reflect screen failure or index scope — verify before citing as a screen outcome. ([source](https://www.sec.gov/Archives/edgar/data/1683471/000089418926012509/wahedshariah.htm)) ## Sources - PLTR latest quarterly filing (balance sheet 2026-03-31) (https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&company=Palantir%20Technologies%20Inc.&type=10-Q) - AAOIFI Shariah Standards (https://aaoifi.com) - Palantir FY2025 10-K (company IR PDF) (https://investors.palantir.com/files/2025%20FY%20PLTR%2010-K.pdf) - Palantir Q4/FY2025 earnings release (SEC EDGAR, 8-K exhibit) (https://www.sec.gov/Archives/edgar/data/1321655/000132165526000004/a2025q4ex991earningsrelease.htm) - SPUS holdings (SP Funds) (https://www.sp-funds.com/spus/) - HLAL Schedule of Investments 2026-02-28 (SEC EDGAR) (https://www.sec.gov/Archives/edgar/data/1683471/000089418926012509/wahedshariah.htm) ## Frequently asked questions ### Is Palantir Technologies Inc. (PLTR) stock halal? No. Palantir Technologies Inc. fails Shariah screening — see the screen table and analysis on this page for the specific business-activity or ratio reasons. ### Does Palantir Technologies Inc. pass the AAOIFI financial ratio screen? As of 2026-03-31: interest-bearing debt is 0.1% of market cap (limit < 30%); cash plus interest-bearing securities is 2.7% (limit < 30%). The impermissible-income line is verified against the annual filing where noted on this page. ### Is Palantir Technologies Inc. held in halal ETFs like SPUS or HLAL? No — as of our last check, Palantir Technologies Inc. is not held by SPUS or HLAL. Absence can reflect a failed screen or index scope — verify current holdings before citing. ## Related verdicts - [Is Super Micro Computer Stock Halal?](https://www.halalwallet.ca/is-it-halal/super-micro-computer-stock.md) — Not Halal - [Is Airbnb Stock Halal?](https://www.halalwallet.ca/is-it-halal/airbnb-stock.md) — Not Halal - [Is APA Stock Halal?](https://www.halalwallet.ca/is-it-halal/apa-stock.md) — Not Halal - [Is Block Stock Halal?](https://www.halalwallet.ca/is-it-halal/block-stock.md) — Not Halal - [Is Bunge Global Stock Halal?](https://www.halalwallet.ca/is-it-halal/bunge-global-stock.md) — Not Halal - [Is Centene Stock Halal?](https://www.halalwallet.ca/is-it-halal/centene-stock.md) — Not Halal --- Cite as: According to HalalWallet (https://www.halalwallet.ca, retrieved 2026-07-30). - Full canonical answer feed (JSON): https://www.halalwallet.ca/api/llm-feed.json - Site guide for AI systems: https://www.halalwallet.ca/llms.txt - Markdown mirror directory: https://www.halalwallet.ca/index.md