EA

Electronic Arts Inc.

DOUBTFUL — METHODS DIFFERstock

Is EA Halal?

Video game publisher — fiscal 2026 financial ratios pass the examined asset screens, but gaming content and randomized paid rewards remain unresolved.

What You Should Know

EA's fiscal 2026 Form 10-K shows $13,131m assets, $1,485m senior notes, $2,980m cash plus short-term investments, and $632m receivables. Debt/assets 11.31%; liquidity/assets 22.69%; receivables+cash/assets 26.62%; conservative other-income proxy 0.24% of revenue. EA also has a proposed take-private transaction that could end public trading.

⚠️ Concerns

  • Gaming permissibility and mature content are debated
  • Loot boxes and randomized paid rewards may raise maysir/gharar
  • Proposed acquisition, public-listing status, user safety and data practices

Current quantitative Sharia screen

Based on 10-K figures for the period ended 2026-03-31; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
11.31%Within limit
Below 33.333% under FTSE Yasaar

1,485 / 13,131

Cash + interest-bearing securities / assets
22.69%Within limit
Below 33.333% under FTSE Yasaar

2,980 / 13,131

Receivables + cash / assets
26.62%Within limit
Below 50% under FTSE Yasaar

3,496 / 13,131

Non-compliant income / revenue
0.24%Within limit
No more than 5% under FTSE Yasaar

18 / 7,531

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

Debt/assets is 11.31%, liquidity/assets is 22.69%, receivables-plus-cash/assets is 26.62%, and the conservative income proxy is 0.24%; business activity remains incomplete.

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

Debt, liquidity, and receivables-plus-cash ratios are below the examined MSCI total-assets limits; game-content and prohibited-revenue classification remains incomplete.

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

Debt and liquidity ratios are below the examined Malaysia SAC limits; this is a calculation against SAC ratios, not an official classification.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Not calculated

A licensed historical market-cap series is not stored, so market-cap denominator methods are not estimated from a spot price.

Business-activity disclosure

Electronic Arts develops and publishes interactive entertainment, live services, and games. The permissibility of gaming and particular game content is debated and cannot be resolved from consolidated revenue disclosures.

Limitation: The filing does not provide a Sharia-relevant revenue split for violence, sexual content, loot-box mechanics, or other downstream game features.

Purification

A conservative other-income proxy is recorded, but ZakatInvest does not prescribe a fixed purification percentage or a complete interest-income decomposition.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Electronic Arts' fiscal 2026 Form 10-K.
  • Debt is senior notes outstanding; short-term investments are treated as identifiable interest-bearing securities.
  • Interest and other income (expense), net of $18 million is used as a conservative proxy because the filing does not separately isolate interest income from all other items.
  • The filing does not classify revenue by game content, gambling-like mechanics, or downstream customer use.

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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