DASH

DoorDash Inc.

DOUBTFUL — FINANCIAL SCREENS PASSstock

Is DASH Halal?

Marketplace and delivery logistics are generally permissible, but mixed alcohol and non-halal product activity remains qualitatively doubtful.

What You Should Know

DoorDash's March 31, 2026 filing reports debt/assets of 13.82%, cash plus investments/assets of 32.38%, receivables plus cash/assets of 28.46% and disclosed interest income/revenue of 0.84%. The examined financial ratios pass, but DoorDash, Wolt and Deliveroo marketplaces include alcohol and other products whose permissibility and degree of facilitation differ across schools.

⚠️ Concerns

  • Alcohol availability and delivery raises direct-facilitation concerns
  • Marketplace merchants may sell pork, non-halal meat and other prohibited products
  • Wolt and Deliveroo broaden product and geographic mix
  • A universal prohibited-revenue percentage is not disclosed
  • Worker classification, insurance, privacy, advertising and acquisition integration require review

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-13.

USD · millions
Interest-bearing debt / assets
13.82%Within limit
Below 33.333% under FTSE Yasaar

2,725 / 19,711

Cash + interest-bearing securities / assets
32.38%Within limit
Below 33.333% under FTSE Yasaar

6,382 / 19,711

Receivables + cash / assets
28.46%Within limit
Below 50% under FTSE Yasaar

5,609 / 19,711

Non-compliant income / revenue
0.84%Within limit
No more than 5% under FTSE Yasaar

34 / 4,036

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

Debt is 13.82%, liquidity is 32.38%, receivables plus cash are 28.46% and disclosed interest income is 0.84%; the examined financial ratios pass, while the mixed marketplace business remains qualitatively incomplete.

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

Debt is 13.82%, liquidity is 32.38% and receivables plus cash are 28.46%, below the examined MSCI total-assets limits. This is a calculation against the named method, not an index-membership claim.

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

Debt is 13.82% and liquidity is 32.38%, below the examined Malaysia SAC financial limits. This is a calculation against SAC ratios, not an official classification of a U.S.-listed security.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
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

DoorDash, Wolt and Deliveroo operate local-commerce marketplaces, delivery logistics and merchant commerce tools. Food, grocery and general logistics can be permissible, but marketplace and delivery activity includes alcohol and other products whose treatment differs across schools and scholars.

Limitation: The filing does not allocate revenue by alcohol, non-halal food, gambling-venue, advertising or other screened order category into a universal prohibited-revenue numerator; no unsupported 5–15% alcohol estimate is repeated.

Purification

DoorDash discloses interest income but does not prescribe a scholar-approved purification percentage. Readers should follow the qualified scholar or methodology they use rather than applying an invented fixed rate.

Inputs, assumptions and primary sources
  • Inputs use DoorDash's March 31, 2026 Form 10-Q; the filing presents amounts in USD millions.
  • Debt uses $2,725 million of convertible notes, net. Operating lease liabilities are not entered as conventional debt.
  • Cash uses $4,575 million of cash and cash equivalents. Short-term investments of $958 million and long-term investments of $849 million are entered separately as interest-bearing securities; funds held at payment processors are not added to company liquidity.
  • Receivables use $1,034 million of accounts receivable, net. Funds held at payment processors are not treated as receivables.
  • Quarterly revenue is $4,036 million and disclosed interest income, net is $34 million. 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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