11 Debt Free Halal Stocks to Buy

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6. Palo Alto Networks, Inc. (NASDAQ:PANW)

Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the debt free halal stocks to buy. On March 11, Palo Alto Networks, Inc. (NASDAQ:PANW) said its board approved a new $1 billion stock buyback program. This decision was made on March 10, 2026, after the company’s earlier program had no funds left as of March 6.

In February 2026, Palo Alto Networks had already repurchased about 6.8 million shares for $1 billion at an average price of $147.69 per share through open market transactions.

The new authorization lets the company buy back shares when it sees good opportunities, using its available cash. Buybacks can be done through open market purchases, private deals, block trades, or trading plans. The program will run until December 31, 2026, but the company can pause or stop it at any time.

As of March 6, 2026, Palo Alto Networks had about 811 million shares outstanding. This new plan expands the company’s buyback program, which started in February 2019 and has been extended several times, including in 2020, 2021, 2022, 2023, 2024, and 2025.

Overall, the move shows Palo Alto Networks’ commitment to returning value to shareholders while continuing to strengthen its position in the cybersecurity market.

Palo Alto Networks, Inc. (NASDAQ:PANW) is a global, industry-leading cybersecurity company that provides integrated, AI-driven security solutions to tens of thousands of organizations across cloud, network, and mobile environments.

Click to continue reading and see the 5 Debt Free Halal Stocks to Buy.

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