CHKP

Check Point Software Technologies Ltd.

DOUBTFUL — SCREEN DOES NOT PASSstock

Is CHKP Halal?

Cybersecurity is generally permissible, but the latest filing-backed screen fails its liquidity test because of large cash and marketable-securities balances.

What You Should Know

Check Point's December 31, 2025 Form 20-F reports $7,806.4M of assets, $1,972.1M of convertible-note debt, $1,800.0M of cash, $2,541.7M of interest-bearing securities, $769.1M of receivables and $2,725.4M of revenue. Liquidity/assets is 55.62%, above the examined asset-based limits; disclosed interest income is $105.0M. The cybersecurity business remains generally permissible, but the filing does not provide a universal prohibited-revenue numerator.

⚠️ Concerns

  • Liquidity/assets is 55.62%, above the examined FTSE, MSCI and Malaysia limits
  • Convertible senior notes are material despite the 0% coupon
  • Some customers are conventional financial-services firms and defense agencies
  • The filing does not provide a universal prohibited-revenue numerator
  • Some investors apply additional ethical screens to Israeli incorporation

Current quantitative Sharia screen

Based on 20-F figures for the period ended 2025-12-31; calculated 2026-07-13.

USD · millions
Interest-bearing debt / assets
25.26%Within limit
Below 33.333% under FTSE Yasaar

1,972.1 / 7,806.4

Cash + interest-bearing securities / assets
55.62%Above limit
Below 33.333% under FTSE Yasaar

4,341.7 / 7,806.4

Receivables + cash / assets
32.91%Within limit
Below 50% under FTSE Yasaar

2,569.1 / 7,806.4

Non-compliant income / revenue
3.85%Within limit
No more than 5% under FTSE Yasaar

105 / 2,725.4

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

Debt/assets is 25.26%, receivables plus cash/assets is 32.91% and interest income/revenue is 3.85%, but liquidity/assets is 55.62%, above the FTSE limit.

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

Liquidity/assets is 55.62%, above the examined MSCI limit; debt/assets is 25.26% and receivables plus cash/assets is 32.91%.

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

Liquidity/assets is 55.62%, above the examined Malaysia SAC limit; debt/assets is 25.26%.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Fails

No licensed historical market-cap series is stored; the asset-based screens fail on liquidity.

Business-activity disclosure

Check Point provides general-purpose network, cloud, endpoint and security-operations software and appliances. Cybersecurity is generally permissible, while customer end markets and jurisdiction-specific ethical screens remain separate qualitative questions.

Limitation: The filing does not allocate revenue into a universal prohibited-activity numerator, so no percentage is invented.

Purification

The filing discloses $105.0 million of interest income; ZakatInvest does not prescribe a fixed scholar-approved purification percentage.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Check Point's December 31, 2025 Form 20-F.
  • Debt is the $1,972.1 million carrying value of convertible senior notes; interest-bearing securities include short-term bank deposits and current and long-term marketable securities.
  • Trade receivables were $769.1 million, total revenue was $2,725.4 million and disclosed interest income was $105.0 million.
  • Check Point provides network, cloud, endpoint and security-operations products; the filing does not provide a universal prohibited-revenue numerator.

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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