Is NCR Atleos (NATL) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. NCR Atleos (NATL) does not pass the AAOIFI Shari’ah Standard 21 screen. Interest-bearing debt is 111.2% of the company’s 36-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/2). Last checked 18 September 2026.
NCR Atleos is not compliant under Halal / Islamic guidelines
AAOIFI Shari’ah Standard 21 Financial Audit
Figures from the latest annual report (the SEC filing or, for European companies, the ESEF annual report, where one exists, checked against Yahoo Finance) and a 36-month average market value.
| Test | Standard Limit | Actual Figure | Status |
|---|---|---|---|
| Main business | — | — | Pass |
| Interest-bearing debt | 30% | 111.17% | Fail |
| Cash and interest-bearing investments | 30% | 18.87% | Pass |
| Prohibited income | 5% | — | Review |
| Not just cash and debts | 90% | 17.75% | Pass |
Key Findings & Observations
- Its annual report has a division called ‘Self-Service Banking Segments’ (66.2% of revenue). We couldn’t tell from the name whether it is conventional banking, lending or insurance.Source: https://www.sec.gov/Archives/edgar/data/1974138/000162828026012576/
- Interest-bearing debt is 111.2% of the company’s 36-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/2).Source: AAOIFI Shari'ah Standard 21
- The prohibited income test couldn’t be settled: The share of revenue from conventional banking, lending or insurance isn’t reported.Source: AAOIFI Shari'ah Standard 21
- Company's core services facilitate interest‑bearing transactions, conflicting with Islamic prohibitions on riba.Source: News Analyzer
- UK regulator opens probe into Brink’s $6.6bn takeover of NCR Atleos, suggesting possible ethical and compliance issues.Source: News Analyzer
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Frequently Asked Questions about NCR Atleos Corporation (NATL)
Is NCR Atleos (NATL) stock halal?▾
No. NCR Atleos (NATL) does not pass the AAOIFI Shari’ah Standard 21 screen. Interest-bearing debt is 111.2% of the company’s 36-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/2). Last checked 18 September 2026.
What is NCR Atleos's debt ratio under Islamic finance standards?▾
Under AAOIFI Shari’ah Standard 21, interest-bearing debt must stay under 30% of a company's 36-month average market value. NCR Atleos's ratio is about 111.2%.
How much dividend purification is required for NCR Atleos (NATL) stock?▾
NCR Atleos does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does NCR Atleos operate in prohibited business activities?▾
AAOIFI Shari’ah Standard 21 excludes companies whose main business is prohibited, such as alcohol, pork, gambling, conventional interest-based finance and adult entertainment. NCR Atleos's main business is checked against these. For companies that file with the US SEC, revenue by division is also read from the filing, so a division in a prohibited business is counted. Where the check cannot be settled, the result is shown as Needs Review rather than guessed.
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