CART
Maplebear Inc. (Instacart)
Is CART Halal?
Online grocery delivery marketplace with a methodology-dependent receivables treatment and incomplete product-level activity disclosure.
What You Should Know
Maplebear Inc., operating as Instacart, runs a grocery delivery and pick-up marketplace plus retail-media advertising. Its March 31, 2026 Form 10-Q reports assets of $3,535 million, no interest-bearing debt, cash of $631 million, marketable securities of $122 million, receivables of $1,095 million and quarterly revenue of $1,019 million. Debt/assets is 0.00%, liquidity/assets is 21.30%, receivables plus cash/assets is 48.83% and disclosed interest income is $6 million, or 0.59% of revenue. The FTSE-style and Malaysia-style known ratios pass, while the examined MSCI receivables-plus-cash limit fails; alcohol delivery and product-level marketplace activity remain qualitative concerns.
⚠️ Concerns
- •MSCI-style receivables-plus-cash screen fails at 48.83%
- •Alcohol delivery and product-level marketplace activity are not quantified
- •Disclosed interest income is 0.59% of quarterly revenue; no fixed purification percentage asserted
- •The result is a current ZakatInvest calculation, not an official index classification
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
0 / 3,535
753 / 3,535
1,726 / 3,535
6 / 1,019
- Financial
- Pass
- Overall
- Incomplete
Debt is 0.00%, liquidity is 21.30%, receivables plus cash are 48.83% and interest income is 0.59%; the examined FTSE ratios pass while product activity remains incomplete.
- Financial
- Fails
- Overall
- Fails
Debt and liquidity pass the examined limits, but receivables-plus-cash are 48.83%, above the examined MSCI 33.33% limit. This is not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Debt and identifiable liquidity are below the examined 33% thresholds. This is a calculation against SAC ratios, not an official classification, and product activity remains incomplete.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible 24- or 36-month issuer market-cap history is not stored, so market-cap methods are not estimated from a current spot price.
Business-activity disclosure
Maplebear operates the Instacart grocery marketplace, fulfillment and advertising platform. Grocery and household delivery are generally permissible, but alcohol delivery and product-level marketplace activity are not quantified.
Limitation: The filing does not provide a reproducible prohibited-revenue numerator for alcohol, tobacco, non-halal products or marketplace advertising categories.
Purification
The filing separately reports interest income at 0.59% of quarterly revenue, but ZakatInvest does not prescribe a fixed scholar-approved purification percentage and product-level activity remains incomplete.
Inputs, assumptions and primary sources
- March 31, 2026 filing figures are USD millions.
- Short- and long-term marketable securities total $122 million; restricted cash is excluded.
- The filing separately reports $6 million of interest income, or 0.59% of quarterly revenue.
- No reproducible prohibited-revenue numerator is disclosed for alcohol, tobacco, non-halal products or marketplace advertising categories.
- This canonical record uses CART; the existing LYFT2 screening record and route alias remain preserved.
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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