DOCU
DocuSign Inc.
Is DOCU Halal?
Digital signature and agreement cloud services are permissible business.
What You Should Know
DocuSign provides electronic signature technology and digital transaction management. Core business is halal, debt levels acceptable under Sharia screens. Its April 30, 2026 Form 10-Q reports $3,984.005 million of assets, no outstanding credit-facility borrowings, $548.027 million of cash, $476.049 million of current and noncurrent investments, $300.684 million of receivables and $830.235 million of quarterly revenue. Debt/assets is 0.00%, liquidity/assets is 25.70%, receivables-plus-cash/assets is 21.30%, and disclosed interest and other income is 0.84% of revenue; financial ratios pass while AI, professional services and customer end uses remain qualitative.
⚠️ Concerns
- •Interest and other income
- •AI agreement-management features
- •Professional-services mix
- •International and regulated customer use
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-04-30; calculated 2026-07-14.
0 / 3,984.005
1,024.076 / 3,984.005
848.711 / 3,984.005
6.998 / 830.235
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 0.00%, liquidity/assets is 25.70%, receivables-plus-cash/assets is 21.30%, and disclosed income is 0.84% of revenue; business activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets, liquidity/assets and receivables-plus-cash/assets are below the examined MSCI limits; the business-activity numerator is not disclosed.
- Financial
- Pass
- Overall
- Incomplete
The examined Malaysia financial ratios pass; this is a calculation against SAC ratios, not an official classification, and activity remains incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored; the filing-based results remain documented.
Business-activity disclosure
DocuSign provides electronic signatures and digital agreement-management services. The core software business is generally permissible, while AI functionality, professional services and customer end uses require qualitative review.
Limitation: The filing does not provide a universal prohibited-activity numerator across products, customers and service lines.
Purification
DocuSign reports $6.998 million of interest income and other income, net, 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 DocuSign's April 30, 2026 Form 10-Q.
- Cash and cash equivalents are $548.027 million; current and noncurrent investments total $476.049 million. No credit-facility borrowings were outstanding; operating lease liabilities are excluded.
- Accounts receivable, net are $300.684 million. Revenue is $830.235 million for the quarter and interest income and other income, net is $6.998 million.
- Digital signatures and agreement-management software are generally permissible, but AI, professional services and customer end uses are not reduced to a universal prohibited-activity 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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