Akamai Technologies Inc

AKAM

Compliant
Exchange
Sector
Headquarters
Group
NASDAQ
Technology
USA
Large Cap

Akamai Technologies Inc is Shariah Compliant. It passes 3/5 Shariah standards we screen against.

1.61%

Impure Income*

$0.115

Purification*

$0.352

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Large Cap
BUY
$159.28
26
5.76%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
15.02%
10.74%
0.00
2.36
-6.07%

Shariah Compliance

Debt
21.05%
Non-Compliant Assets
5.69%
Impure Income
1.61%

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
28.45%
Impure Income
1.61%

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
30.08%
Impure Income
1.61%

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
35.27%
Cash
5.34%
Cash & AR
12.96%
Impure Income
1.61%

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
35.27%
Cash
5.34%
Cash & AR
12.96%
Impure Income
1.61%

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
1.61%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Akamai Technologies, Inc. develops and provides solutions for global enterprises to build, secure and accelerate their applications and digital experiences. The Company provides solutions in three core offerings: security, cloud computing and delivery. It also provides services and support for its customers as they utilize its solutions. Its security solutions, threat intelligence and global operations team work to provide defense in depth to safeguard enterprise data and applications across hybrid cloud environments. The Company operates two security platforms: Application Protection and Zero Trust Network Security. It provides a continuum of cloud computing services for developers to build and deliver distributed, low-latency applications. Its delivery solutions consist primarily of web and mobile performance focused solutions and media delivery solutions. The Company also provides a range of service and support offerings across its core offerings.