
Is NCR Atleos (NATL) stock Halal?
September 2026 AAOIFI screening result for NCR Atleos Corp. (NATL): non-permissible income, pass. Interest-bearing investments, pass. Interest-bearing debt, fail. Preference shares, pass. NCR Atleos Corp. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.
NCR Atleos is a financial technology company specializing in self-service banking solutions and ATM network operations. The primary function of NCR Atleos is to expand self-service financial access, enabling financial institutions and retailers worldwide to optimize their operations by automating banking transactions through ATMs and interactive teller machines. Notably, the company operates the world’s largest independently-owned ATM network, providing extensive global reach for both banking organizations and consumers seeking convenient cash access and transaction capabilities. Before any of that matters to a Muslim investor, one question comes first: is NCR Atleos stock Halal?
Is NCR Atleos Shariah compliant?
The Shariah case on a technology company like NCR Atleos 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 NCR Atleos pass the business activity test?
The activity screen is only part of the picture this month: NCR Atleos currently fails the interest-bearing debt 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 NCR Atleos' income Halal?
Yes, within AAOIFI's tolerance. NCR Atleos' income from non-permissible sources stays below 5% of revenue in the September 2026 screening.
Does NCR Atleos 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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