🤖 **Is Netflix stock halal? On debt, yes. Netflix's $15.13 billion of debt is 5.96% of its $253.7 billion market value, far under AAOIFI's 30% line.** Two questions stay open: the business itself, and a one-time $2.8 billion fee. The numbers come from Netflix's 10-Q for the quarter ended 30 September 2026, filed 21 October 2026. Market value = 4,106,325,903 shares × $61.78, the price at 10:22 a.m. Eastern on 28 October 2026 (StockAnalysis). The screen is Shari'ah Standard No. 21 from AAOIFI, the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Its clauses, as quoted by Halal Ninja, set three limits: interest-bearing loans, 30% of market value; interest-bearing deposits, 30%; prohibited income, 5% of total income. - **Debt:** $2.47B short-term + $12.66B long-term = $15.13B, or 5.96%. Pass. - **Cash:** $2.35B in money market funds + $1.60B in time deposits = 1.56%. Pass. - **Income:** Netflix does not report interest income on its own line. Its whole "interest and other income" line for Q3 was $43.0 million, or 0.33% of total income. Pass. **The fee:** Warner Bros. Discovery ended its merger deal with Netflix on 27 February 2026. Paramount Skydance then paid Netflix a $2.8 billion termination fee. It is not interest. If you count it as non-permissible, it is 6.89% of total income for the first nine months of 2026, which is over 5%. We found no named ruling on break fees. The SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) does not list Netflix in its holdings for 28 October 2026 (SP Funds). 🔒 Deep dive, members: The debt table three ways (book value, face value, with leases), the price that would fail the test ($12.28), the income test with and without the $2.8 billion fee, and purification for 100, 500 and 2,000 shares.

🤖 SPUS is the cheaper fund. As of 26 October 2026, SPUS (SP Funds S&P 500 Sharia Industry Exclusions ETF) costs 0.45% a year and HLAL (Wahed FTSE USA Shariah ETF) costs 0.50%. On $10,000 that is about $45 or $50 a year, a gap of $5. An ETF is an exchange-traded fund: a basket of stocks you buy and sell like one share. Both cost numbers come from each fund's summary prospectus filed with the U.S. Securities and Exchange Commission (SEC). The SPUS summary prospectus dated 30 March 2026 lists total yearly costs of 0.45%. The HLAL summary prospectus dated 30 September 2026 lists 0.50%. Each prospectus also shows the cost of $10,000 over 10 years, assuming a 5% return each year. SPUS: $567. HLAL: $628. That is $61 apart. You never get a bill. The fee is paid out of the fund, so it shows up as a slightly lower return. Price is not the halal test. Both funds use the same four money screens: debt under 33.333% of total assets, cash and interest-bearing items under 33.333%, receivables plus cash under 50%, and interest and other banned income under 5% of revenue. The HLAL summary prospectus lists them. For SPUS they are in the full prospectus filed 26 March 2026, not the summary. The stock lists are different. SPUS picks from the S&P 500 (240 stocks as of 28 February 2026). HLAL picks large and mid-size companies from the FTSE USA Index (211 stocks as of 31 July 2026). With either fund, you still purify part of the dividends. 🔒 Deep dive, members: the fee math for $10k, $50k and $200k over 1 year and 10 years, the side-by-side screen table from both prospectuses, the place where SPUS's web page and its prospectus disagree, and a 5-step check before you pick one. https://www.skool.com/halal-investing-1843/classroom/441a5e63?md=942c32f8316d4e50befc322f3a5d9ff9

🤖 Zakat on $10,000 of stocks is $250 if you bought them to resell. If you hold them long term, the National Zakat Foundation (NZF) 25% rule makes it $62.50. Some scholars charge zakat only on the dividends you keep for a year. It depends on why you hold the shares. The NZF shares page says shares you plan to resell pay 2.5% of today's market value. For long-term shares, zakat is due on your slice of the company's zakatable assets: its cash, goods for sale and money owed to it. If you can't work that out, NZF says take 25% of your portfolio's value and pay 2.5% of that. That works out to 0.625%. NZF based the 25% on FTSE 100 balance sheets in a paper dated 16 May 2018. Mufti Amjad approved the method on 12 August 2023. The International Islamic Fiqh Academy (IIFA) has two rulings: Resolution 28 (3/4) (Jeddah, February 1988) and Resolution 121 (3/13) (Kuwait, December 2001). If you can find your share of the company's zakatable assets, pay on that. Resolution 28 adds: if you can't, and you hold the shares for income, pay 2.5% on the dividends only, once a year has passed since you got them. Resolution 121 narrows this. If the company holds cash, goods for sale or debts it can collect, you must estimate your share as best you can and pay on it. Paying on dividends only applies when the company has no zakatable assets. Shaykh Ibn 'Uthaymeen, quoted by Islam Q&A answer 65722, says shares held as an investment owe no zakat themselves. Their cash profits do, after a year. So $10,000 of stocks means $250 (resale), $62.50 (NZF proxy), or 2.5% of the dividends you still hold (where that view applies). Checked 25 October 2026. 🔒 Deep dive, members: The worked numbers for $10k, $50k and $200k under all four methods, a table showing which scholars hold each method, the look-through formula, the IIFA rule for shares sold mid-year, and the nisab check for the day you pay.

🤖 Is Tesla stock halal? On the debt test, Tesla passes easily: its debt is 0.65% of its market value as of 24 October 2026. Whether you may own it at all depends on which scholars you follow, because Tesla still borrows on interest and earns interest. Tesla's 10-Q for the quarter ended 30 September 2026 shows $9,523 million of debt and finance leases. The 23 October 2026 close was $372.22 (Stock Analysis). With 3,952,757,946 shares, Tesla is worth about $1.47 trillion. Debt is 0.65% of that. Cash and short-term investments of $45,447 million are 3.09%. Interest income was $1,301 million in the first nine months of 2026. That is 1.65% of $78,669 million in revenue, but 54% of $2,423 million in net income. SP Funds says the SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) holds companies with debt below 30% of market capitalization. Its 23 October 2026 holdings file lists Tesla at 2.74%. Scholars differ. IslamQA holds that buying shares in a company that borrows or lends on riba is haram, even if its business is permissible. Dr Monzer Kahf (IslamOnline) says the principle is haram. He allows easing it for small shareholders when the rule causes wide hardship, as long as the haram share of profit goes to charity. Tesla also holds $962 million of digital assets, mostly bitcoin. It has about $1.6 billion in loans and notes owed by customers, and it runs an insurance business. The 10-Q does not show how much revenue those bring in. 🔒 Deep dive, members: The break-even share prices for the debt and cash tests, interest income per share with the purification math for $1k, $10k and $50k, the full scholar split, and the four things the 10-Q won't let you test.