CRWD
CrowdStrike Holdings Inc.
Is CRWD Halal?
Cybersecurity core is generally permissible, but April 2026 liquidity and receivables screens fail and government/end-use exposure remains qualitative.
What You Should Know
CrowdStrike operates the Falcon cloud-native cybersecurity platform. Its April 30, 2026 filing reports debt/assets of 6.62%, cash and cash equivalents/assets of 40.40%, receivables plus cash/assets of 51.40% and disclosed interest income/revenue of 2.93%. Defensive cybersecurity is generally permissible, but government, defense, surveillance and offensive-use exposure is not disclosed in a universal prohibited-revenue numerator.
⚠️ Concerns
- •Cash and cash equivalents are 40.40% of total assets under the examined treatment
- •Receivables plus cash are 51.40% of total assets and exceed the examined asset limits
- •Disclosed interest income is $40.542 million for the quarter
- •Government, defense, surveillance, incident-response and active-defense work require continuing qualitative review
- •Privacy, acquisitions, financing receivables, stock compensation and data-center impacts require review
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-04-30; calculated 2026-07-13.
745.843 / 11,270.1
4,552.801 / 11,270.1
5,793.216 / 11,270.1
40.542 / 1,385.629
- Financial
- Fails
- Overall
- Fails
Debt is 6.62%, liquidity is 40.40% and receivables plus cash are 51.40%; liquidity and receivables plus cash exceed the examined FTSE asset limits. Disclosed interest income is 2.93%.
- Financial
- Fails
- Overall
- Fails
Debt is 6.62%, but liquidity is 40.40% and receivables plus cash are 51.40%, above the examined MSCI total-assets limits. This is a calculation against the named method, not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Debt is 6.62%, but liquidity is 40.40%, above the examined Malaysia SAC financial limit; receivables plus cash are also elevated. This is a calculation against SAC ratios, not an official classification of a foreign-listed security.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible historical market-cap series is not stored, so these methods are not estimated from a current spot price.
Business-activity disclosure
CrowdStrike provides cloud-native cybersecurity, endpoint protection, identity security, threat intelligence and incident-response services. Cybersecurity and protection against digital harm are generally permissible, while government, defense, surveillance and offensive-use exposure require qualitative review.
Limitation: The filing does not allocate every customer, government contract, threat-intelligence activity or downstream use into a universal prohibited-revenue numerator; no blanket zero-concern or provider-membership claim is made.
Purification
CrowdStrike discloses interest income but does not prescribe a scholar-approved purification percentage. Readers should follow the scholar or methodology they use for treatment.
Inputs, assumptions and primary sources
- Inputs use CrowdStrike's April 30, 2026 Form 10-Q: total assets $11,270.100 million and quarterly revenue $1,385.629 million.
- Debt uses the $745.843 million carrying amount of the 3.00% Senior Notes due 2029. Operating lease liabilities are not entered as conventional debt.
- Cash uses $4,552.801 million of cash and cash equivalents. The filing says this balance includes money-market funds, U.S. Treasury securities and approximately $1.4 billion of time deposits; those components are not added again as securities to avoid double counting the reported cash-equivalents total.
- Receivables use $933.887 million of accounts receivable plus $89.173 million of short-term and $217.355 million of long-term financing receivables, net.
- CrowdStrike reports $40.542 million of interest income and $6.116 million of interest expense for the quarter. The income screen uses disclosed gross interest income; no fixed purification percentage is prescribed.
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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