
Is Fidelity National Information Services (FIS) stock Halal?
Under AAOIFI Shariah Standard No. 21, a Halal stock keeps non-permissible income below 5% of revenue and interest-bearing debt and investments each below 30% of market capitalisation. Fidelity National Information Services, Inc. (FIS) does not meet the threshold for the non-permissible income and interest-bearing debt screens as of September 2026, so it is not Shariah compliant.
Fidelity National Information Services is a leading financial technology and services company, primarily focused on providing integrated banking solutions. The company facilitates various digital transformation processes in the financial sector by offering payment processing, core banking software, and enterprise resource planning services. Operating globally, Fidelity National Information Services caters to financial institutions, businesses, and governmental entities, helping them enhance customer experience, increase operational efficiency, and ensure regulatory compliance. For Muslim investors, though, the most pressing question is simpler: is Fidelity National Information Services a Halal investment?
Is Fidelity National Information Services Shariah compliant?
Technology companies rarely fail AAOIFI screening on what they sell. Software, hardware and digital services are permissible business activities, so for a company like Fidelity National Information Services the Shariah question moves to the balance sheet: how much of its market value sits in interest bearing debt, how much of its cash earns Riba in conventional deposits, and whether incidental income from impermissible sources creeps past 5% of revenue. These are exactly the ratios AAOIFI Shariah Standard No. 21 polices, and they move every month with the share price.
Does Fidelity National Information Services pass the business activity test?
The activity screen is only part of the picture this month: Fidelity National Information Services currently fails the non-permissible income and interest-bearing debt screens, 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 Fidelity National Information Services' income Halal?
No. Fidelity National Information Services' 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 Fidelity National Information Services meet AAOIFI's debt and investment ratio requirements?
Not in full. Interest bearing debt currently exceeds the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.
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