Seagate Technology Holdings PLC (STX) is classified as Halal (Shariah-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
Sector
Technology
Industry
Computer Hardware
Result
Pass
Reason
The sector "Technology" and industry "Computer Hardware" are not in the excluded categories.
Financial Ratios
Debt Ratio
Value: 1.8% | Threshold: 30% | Result: Pass
Cash & Interest-bearing Securities Ratio
Value: 0.8% | Threshold: 30% | Result: Pass
Non-Permissible Income Ratio
Value: 0.2% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.25%.Based on the company's financial statements, approximately 0.25% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.25% of total income). Some scholars may differ on the exact calculation method.
About Seagate Technology Holdings PLC
Seagate Technology Holdings plc engages in providing data storage solutions in Singapore, the United States, the Netherlands, and internationally. The company offers External and internal hard drives; external and internal solid-state drives (SSDs); enterprise hard drives and SSDs; data storage systems; network attached storage (NAS) hard drives; video and analytics hard drives; and hyperscale and cloud solution. It offers its products for Healthcare, Media & Entertainment, Surveillance & Security, and telecommunication industry. The company sells its products primarily to original equipment manufacturers, distributors, and retailers. The company was founded in 1978 and is based in Singapore.
Frequently Asked Questions
Is Seagate Technology Holdings PLC (STX) stock halal to invest in?
According to AAOIFI Shariah screening standards, Seagate Technology Holdings PLC (STX) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Based on the company's financial statements, approximately 0.25% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.25% of total income). Some scholars may differ on the exact calculation method.
Uses quarterly data
About Seagate Technology Holdings PLC
Seagate Technology Holdings plc engages in providing data storage solutions in Singapore, the United States, the Netherlands, and internationally. The company offers External and internal hard drives; external and internal solid-state drives (SSDs); enterprise hard drives and SSDs; data storage systems; network attached storage (NAS) hard drives; video and analytics hard drives; and hyperscale and cloud solution. It offers its products for Healthcare, Media & Entertainment, Surveillance & Security, and telecommunication industry. The company sells its products primarily to original equipment manufacturers, distributors, and retailers. The company was founded in 1978 and is based in Singapore.
SingaporeNASDAQTechnology
Screened using AAOIFI Standard No. 21 on October 20, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.
Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.
Verdict history
Free with an account.
No verdict changes recorded since first screened on May 4, 2026. We started recording changes on Oct 19, 2026.
Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.
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Frequently Asked Questions
According to AAOIFI Shariah screening standards, Seagate Technology Holdings PLC (STX) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Seagate Technology Holdings PLC's interest income ratio is 0.8% of total revenue. AAOIFI standards require this to be below 30%.
STX is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
Seagate Technology Holdings PLC's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
You can save STX to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Dividends from Seagate Technology Holdings PLC require purification. Approximately 0.25% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
Does Seagate Technology Holdings PLC have any interest income?
Seagate Technology Holdings PLC's interest income ratio is 0.8% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if STX stock is Shariah-compliant?
STX is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
How often is Seagate Technology Holdings PLC stock reviewed for Shariah compliance?
Seagate Technology Holdings PLC's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
How can I stay updated on Seagate Technology Holdings PLC's compliance status?
You can save STX to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Are dividends from Seagate Technology Holdings PLC stock considered halal?
Dividends from Seagate Technology Holdings PLC require purification. Approximately 0.25% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Do I need to pay Zakat on my Seagate Technology Holdings PLC shares?
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
