CHGG

Chegg Inc.

HALAL — DATA INCOMPLETEstock

Is CHGG Halal?

Student learning platform — education is permissible.

What You Should Know

Chegg provides textbook rentals and tutoring services. Core educational business is permissible. Chegg's 2025 Form 10-K reports $278.014 million of assets, $53.765 million convertible debt, $85.212 million cash plus fixed-income investments and $376.908 million revenue. The learning and skilling core is generally permissible, while AI academic support, content licensing and missing gross interest-income disclosure require review.

⚠️ Concerns

  • Minor interest income
  • Academic integrity debates around homework help
  • AI tutoring can enable academic dishonesty
  • Debt/assets is 19.34% and liquidity/assets is 30.65%
  • Gross interest income is not separately disclosed

Current quantitative Sharia screen

Based on 10-K figures for the period ended 2025-12-31; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
19.34%Within limit
Below 33.333% under FTSE Yasaar

53.765 / 278.014

Cash + interest-bearing securities / assets
30.65%Within limit
Below 33.333% under FTSE Yasaar

85.212 / 278.014

Receivables + cash / assets
16.82%Within limit
Below 50% under FTSE Yasaar

46.75 / 278.014

FTSE Yasaar
v4.6, February 2026
Financial
Incomplete
Overall
Incomplete

Debt/assets is 19.34%, liquidity/assets is 30.65% and receivables plus cash/assets is 16.82%; the FTSE income test cannot be completed because gross interest income is not separately disclosed.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Pass
Overall
Incomplete

Debt/assets is 19.34%, liquidity/assets is 30.65% and receivables plus cash/assets is 16.82%, below the examined MSCI limits; business activity remains incomplete.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Pass
Overall
Incomplete

Debt/assets is 19.34% and conventional liquidity/assets is 30.65%, below 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
Incomplete

A licensed average-market-cap series is not stored; asset-based ratios pass or remain incomplete pending the income input.

Business-activity disclosure

Chegg provides learning, skilling, AI-powered academic support and language-learning services. Education and skills services are generally permissible, but AI answer-generation, academic-integrity risks, content licensing and customer use require qualitative review.

Limitation: The filing does not isolate prohibited content or a scholar-approved prohibited-revenue numerator, and it does not provide a complete gross interest-income numerator.

Purification

Chegg does not separately disclose a complete gross interest-income amount for 2025; ZakatInvest does not infer purification from net other income.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Chegg's December 31, 2025 Form 10-K.
  • Short-term and long-term corporate debt securities total $54.066 million and are included as identifiable interest-bearing securities.
  • Current convertible senior notes, net are $53.765 million; no long-term notes remain at year-end and operating lease liabilities are excluded. Accounts receivable is $15.604 million and revenue is $376.908 million.
  • The filing describes interest income within other income but does not isolate a complete gross amount for 2025, so purification and the FTSE income test remain incomplete.

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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