DT
Dynatrace Inc.
Is DT Halal?
Software intelligence platform with excellent Sharia compliance.
What You Should Know
Dynatrace provides software intelligence and application performance monitoring. Business is permissible, minimal debt, strong financial position. Its March 31, 2026 Form 10-K reports $4,415.725 million of assets, no outstanding credit-facility borrowings, $1,097.220 million of cash, $126.789 million of marketable securities, $710.200 million of receivables and $2,018.387 million of fiscal-year revenue. Debt/assets is 0.00%, liquidity/assets is 27.72%, receivables-plus-cash/assets is 40.93%, and disclosed interest income, net is 2.36% of revenue; FTSE and Malaysia-style asset ratios pass while the examined MSCI receivables ratio does not.
⚠️ Concerns
- •Receivables-plus-cash/assets 40.93% exceeds the examined MSCI limit
- •Interest income, net
- •AI, security and monitoring use cases
- •Government and regulated-customer end uses
Current quantitative Sharia screen
Based on 10-K figures for the period ended 2026-03-31; calculated 2026-07-15.
0 / 4,415.725
1,224.009 / 4,415.725
1,807.42 / 4,415.725
47.731 / 2,018.387
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 0.00%, liquidity/assets is 27.72%, receivables-plus-cash/assets is 40.93% and disclosed interest income is 2.36% of revenue; the business-activity numerator remains incomplete.
- Financial
- Fails
- Overall
- Fails
Receivables-plus-cash/assets is 40.93%, above the examined MSCI 33.33% limit; debt/assets and liquidity/assets are 0.00% and 27.72%.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and liquidity/assets pass the examined Malaysia limits; 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; method-specific filing-based results remain documented.
Business-activity disclosure
Dynatrace provides observability and application-performance software. The core software activity is generally permissible, while AI, security and government customer end uses require qualitative review.
Limitation: The filing does not provide a universal prohibited-activity numerator across customers, products and end uses.
Purification
Dynatrace reports $47.731 million of interest income, net, but does not provide a complete prohibited-activity numerator or scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Dynatrace's fiscal year ended March 31, 2026 Form 10-K.
- No borrowings were outstanding under the $400.0 million revolving credit facility; the $1.0 million letter of credit is not treated as interest-bearing debt.
- Cash and cash equivalents are $1,097.220 million; short- and long-term marketable securities total $126.789 million and are primarily debt securities.
- Accounts receivable are $710.200 million, fiscal-year revenue is $2,018.387 million and reported interest income, net is $47.731 million.
- Observability software is generally permissible, but customer, AI, security and government end uses are not reduced to a universal prohibited-activity revenue 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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