Is Arqit Quantum (ARQQ) stock Halal?
September 2026 AAOIFI screening result for Arqit Quantum, Inc. (ARQQ): non-permissible income, fail. Interest-bearing investments, pass. Interest-bearing debt, pass. Preference shares, pass. Arqit Quantum, Inc. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Arqit Quantum is a pioneering cybersecurity company specializing in quantum-safe encryption solutions. Headquartered in London, the company develops advanced platforms that protect digital communications against both current and future threats, including those posed by quantum computing. Its flagship product, QuantumCloud, is a Platform as a Service that enables the creation of unbreakable software encryption keys, ensuring secure data transmission across satellite and terrestrial networks. Before any of that matters to a Muslim investor, one question comes first: is Arqit Quantum stock Halal?
Is Arqit Quantum Shariah compliant?
The Shariah case on a technology company like Arqit Quantum is rarely about the product. What AAOIFI Shariah Standard No. 21 examines is the money around the product: cash parked in instruments that earn Riba, borrowing measured against a market capitalisation that moves daily, and any incidental income from sources Islam prohibits, which must stay below 5% of revenue.
Does Arqit Quantum pass the business activity test?
The activity screen is only part of the picture this month: Arqit Quantum currently fails the non-permissible income screen, so the overall verdict is not compliant regardless of the business itself. The watch item for technology names is incidental: cash returns and platform content can carry impermissible elements, which AAOIFI tolerates only below the thresholds.
Is Arqit Quantum's income Halal?
No. Arqit Quantum's income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.
Does Arqit Quantum meet AAOIFI's debt and investment ratio requirements?
Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has ARQQ re-screened every month, and the result above always shows the latest verdict.
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