COUP
Coupa Software, Inc. (acquired by Thoma Bravo; no COUP listing)
Is COUP Halal?
Thoma Bravo completed Coupa's acquisition in February 2023 and COUP was delisted; enterprise-software analysis remains qualitative without substituting private-company figures.
What You Should Know
COUP is a preserved Coupa Software route. Thoma Bravo completed the acquisition on February 28, 2023, and Coupa common stock ceased trading and was delisted from Nasdaq. Business spend-management software remains generally permissible in principle, while financial-service integrations and customer end use remain qualitative; no current standalone COUP quantitative screen is applicable.
⚠️ Concerns
- •COUP ceased trading and was delisted in February 2023
- •Financial-services and payment integrations
- •Customer industries and downstream use
- •COUP is a preserved Thoma Bravo-acquisition alias; the URL is unchanged
Current quantitative Sharia screen
Based on issuer-status figures for the period ended 2023-02-28; calculated 2026-07-15.
- Financial
- Not calculated
- Overall
- Not calculated
Not calculated because Coupa was acquired and delisted in February 2023.
- Financial
- Not calculated
- Overall
- Not calculated
No current standalone Coupa financial statement is available.
- Financial
- Not calculated
- Overall
- Not calculated
Not calculated for the delisted COUP security.
- Financial
- Not calculated
- Overall
- Not calculated
COUP has no current public-market price or market-cap series.
Business-activity disclosure
Coupa historically provided business spend-management software. General-purpose enterprise software is generally permissible in principle, while financing, procurement and customer-use questions remain qualitative; COUP is no longer publicly traded.
Limitation: No current standalone Coupa balance sheet, revenue statement or public share price exists after the acquisition.
Purification
No current standalone COUP issuer income is available for purification.
Inputs, assumptions and primary sources
- Thoma Bravo completed its acquisition of Coupa on February 28, 2023; COUP ceased trading and was delisted from Nasdaq.
- No Thoma Bravo private-company figures are substituted for a standalone COUP screen, so numerical ratios are intentionally not calculated.
- The route and existing business-spend-management qualitative analysis are 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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