CHPT
ChargePoint Holdings
Is CHPT Halal?
EV charging network operator with permissible business but high debt.
What You Should Know
ChargePoint operates electric vehicle charging stations. Business is halal, but as growth company carries high debt levels approaching upper Sharia thresholds. Its April 30, 2026 Form 10-Q reports $720.989 million of assets, $239.733 million of interest-bearing debt, $96.179 million of cash and restricted cash, no reported interest-bearing securities, $80.555 million of receivables and $101.819 million of quarterly revenue. Debt/assets is 33.25%, liquidity/assets is 13.34%, receivables-plus-cash/assets is 24.51%, and disclosed interest income is 0.33% of revenue; FTSE and MSCI financial ratios pass, while the Malaysia 33% debt limit fails and business activity remains qualitative.
⚠️ Concerns
- •Debt/assets is above the examined Malaysia limit
- •Pre-profit company with significant losses
- •Interest income
- •Customer financing and deployment contexts require review
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-04-30; calculated 2026-07-14.
239.733 / 720.989
96.179 / 720.989
176.734 / 720.989
0.336 / 101.819
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 33.25%, liquidity/assets is 13.34%, receivables-plus-cash/assets is 24.51%, and disclosed income is 0.33% of revenue; business activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 33.25%, liquidity/assets is 13.34% and receivables-plus-cash/assets is 24.51%, each below the examined MSCI limits; business activity remains incomplete.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 33.25%, above the examined Malaysia 33% limit; this is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored; method-specific filing-based results remain documented.
Business-activity disclosure
ChargePoint operates EV charging hardware, software and network services. The core infrastructure business is generally permissible, while customer end uses, financing arrangements and loss-making operations require qualitative review.
Limitation: The filing does not provide a universal prohibited-activity numerator across customers, products and deployment contexts.
Purification
ChargePoint discloses $0.336 million of interest income, but does not provide a complete prohibited-activity numerator; no definitive purification percentage is invented.
Inputs, assumptions and primary sources
- Amounts are USD millions from ChargePoint's April 30, 2026 Form 10-Q.
- Interest-bearing debt is $15.598 million current debt plus $224.135 million noncurrent debt; operating lease liabilities are excluded.
- Cash and cash equivalents are $95.779 million plus $0.400 million of restricted cash. No marketable or other interest-bearing securities are reported.
- Accounts receivable, net are $80.555 million and quarterly revenue is $101.819 million. Interest income is $0.336 million and is used conservatively as disclosed non-compliant income.
- EV charging hardware, software and network services are generally permissible, but customer end uses and financing arrangements require qualitative review.
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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