Is AI (C3.ai Inc.) halal?

Q: Is AI (C3.ai Inc.) halal?

HALAL: Enterprise AI software — permissible artificial intelligence. C3.ai provides enterprise AI applications. The FY2026 screen shows 70.50% cash plus marketable securities/assets and 11.36% disclosed interest income/revenue; the core software activity is generally permissible, but mixed government, defense and financial-services use cases remain qualitative review topics.

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AI

C3.ai Inc.

HALAL — SCREEN DOES NOT PASSstock

Is AI Halal?

Enterprise AI software — permissible artificial intelligence.

What You Should Know

C3.ai provides enterprise AI applications. The FY2026 screen shows 70.50% cash plus marketable securities/assets and 11.36% disclosed interest income/revenue; the core software activity is generally permissible, but mixed government, defense and financial-services use cases remain qualitative review topics.

⚠️ Concerns

•Pre-profit, high losses
•Liquidity and disclosed interest income exceed examined financial limits
•Mixed downstream use cases

Current quantitative Sharia screen

Based on 10-K figures for the period ended 2026-04-30; calculated 2026-07-14.

USD · millions

Interest-bearing debt / assets

0.00%Within limit

Below 33.333% under FTSE Yasaar

0 / 816.273

Cash + interest-bearing securities / assets

70.50%Above limit

Below 33.333% under FTSE Yasaar

575.449 / 816.273

Receivables + cash / assets

20.43%Within limit

Below 50% under FTSE Yasaar

166.745 / 816.273

Non-compliant income / revenue

11.37%Above limit

No more than 5% under FTSE Yasaar

28.447 / 250.268

Methodology	Financial	Overall	What drives it
FTSE Yasaar v4.6, February 2026	Fails	Fails	Liquidity/assets is 70.50%, above the examined 33.333% limit, and disclosed interest income/revenue is 11.36%; debt/assets is 0% and receivables plus cash/assets is 20.43%.
MSCI Islamic (total-assets series) October 2024 methodology	Fails	Fails	Liquidity/assets is 70.50%, exceeding the examined MSCI total-assets liquidity limit; this is a calculation against the named method, not an index-membership claim.
Malaysia SAC financial ratios single 5% activity benchmark adopted November 2025	Fails	Fails	Identifiable conventional cash and securities are 70.50% of assets and disclosed interest income/revenue is 11.36%, above the examined Malaysia SAC limits; this is not an official classification.
Market-cap denominator methods MSCI M-Series, S&P and Dow Jones methods differ	Not calculated	Fails	A licensed historical market-cap series is not stored; the asset-based liquidity and income screens fail independently.

FTSE Yasaar

v4.6, February 2026

Financial: Fails
Overall: Fails

Liquidity/assets is 70.50%, above the examined 33.333% limit, and disclosed interest income/revenue is 11.36%; debt/assets is 0% and receivables plus cash/assets is 20.43%.

MSCI Islamic (total-assets series)

October 2024 methodology

Financial: Fails
Overall: Fails

Liquidity/assets is 70.50%, exceeding the examined MSCI total-assets liquidity limit; this is a calculation against the named method, not an index-membership claim.

Malaysia SAC financial ratios

single 5% activity benchmark adopted November 2025

Financial: Fails
Overall: Fails

Identifiable conventional cash and securities are 70.50% of assets and disclosed interest income/revenue is 11.36%, above the examined Malaysia SAC limits; this is not an official classification.

Market-cap denominator methods

MSCI M-Series, S&P and Dow Jones methods differ

Financial: Not calculated
Overall: Fails

A licensed historical market-cap series is not stored; the asset-based liquidity and income screens fail independently.

Business-activity disclosure

C3.ai's enterprise artificial-intelligence software is generally permissible technology, but customer and use-case mix includes government, defense and financial-services deployments requiring qualitative review.

Limitation: The filing does not allocate revenue by customer end use into a reproducible prohibited-activity numerator.

Purification

Interest income is disclosed, but no scholar-approved purification percentage is prescribed; readers should follow the methodology and scholar they use.

Inputs, assumptions and primary sources

Amounts are USD millions from C3.ai's fiscal year ended April 30, 2026 Form 10-K.
Marketable securities of $509.252 million are treated as identifiable interest-bearing securities; no interest-bearing debt line is identified.
Accounts receivable is $100.548 million, revenue is $250.268 million and disclosed interest income is $28.447 million.
The filing includes mixed enterprise, government, defense and financial-services use cases; no universal prohibited-revenue numerator is disclosed.

U.S. Securities and Exchange Commission: C3.ai fiscal 2026 Form 10-K C3.ai: C3.ai announces fiscal fourth-quarter and full fiscal-year 2026 results FTSE Russell: FTSE Yasaar Global Equity Shariah Index Series Ground Rules MSCI: MSCI Islamic Index Series Methodology Securities Commission Malaysia: Shariah-Compliant Securities Screening Methodology

This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.

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