Why is FTNT halal according to Zoya although it has .94 debt to equity ratio?

📈 Investing & Markets Stocks
#1

I was doing some research and curious why would FTNT be considered halal. They have .94 debt to equity ratio, which is considered high.

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#2

Salam and welcome,

You have looked at the debt/equity ratio.

Investopedia Debt-To-Equity Ratio (D/E)

However, Shariah screening is based on debt/market capitalization according to AAOIFI standards. You will not find this ratio anywhere except in the Zoya app or you would have to calculate it yourself.

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#3

FTNT’s debt/mkt cap comes out to 1.94% which is fine.