FISV
Fiserv Inc.
Is FISV Halal?
Payment technology with mixed financial-institution exposure and a 36.23% debt/assets screen.
What You Should Know
Fiserv's March 31, 2026 filing shows debt/assets 36.23%, liquidity/assets 1.03%, receivables plus cash/assets 5.85%, and disclosed interest income of 0.28% of quarterly revenue. Merchant acquiring and payment processing can support permissible commerce, but bank and lending-adjacent customers create a mixed qualitative question.
⚠️ Concerns
- •Debt screen fails at 36.23% of assets
- •Serves banks and other financial institutions with mixed end uses
- •Activity revenue is not quantified
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
29,182 / 80,548
829 / 80,548
4,711 / 80,548
14 / 5,027
- Financial
- Fails
- Overall
- Fails
Debt is 36.23% of total assets, above the examined 33.333% limit; liquidity is 1.03% and receivables plus cash are 5.85%.
- Financial
- Fails
- Overall
- Fails
Debt is 36.23% of total assets, above the examined 33.33% limit; liquidity and receivables-plus-cash remain below their limits. This is not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Debt is 36.23% of total assets, above the examined 33% limit, while identifiable liquidity is below 33%. This is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible 24- or 36-month issuer market-cap history is not stored, so market-cap methods are not estimated from a current spot price.
Business-activity disclosure
Fiserv provides merchant acquiring, payment processing and financial technology. Payment infrastructure can support permissible commerce, but its bank, issuer-processing and lending-adjacent customers create a mixed-use qualitative question that requires review.
Limitation: The filing does not provide a reproducible prohibited-revenue numerator for conventional-bank technology, lending-adjacent services or customer end uses.
Purification
The filing separately reports $14 million of interest income, or 0.28% of quarterly revenue, but ZakatInvest does not prescribe a fixed scholar-approved purification percentage and the mixed-use business screen remains incomplete.
Inputs, assumptions and primary sources
- Debt combines $1,323 million of short-term/current maturities with $27,859 million of long-term debt.
- Cash uses $829 million of cash and cash equivalents on the balance sheet. Settlement assets are matched operational balances and are not treated as unrestricted interest-bearing securities; equity investments and derivatives are excluded.
- Trade accounts receivable are $3,882 million and quarterly revenue is $5,027 million.
- The filing separately reports $14 million of interest income within interest expense, net, or 0.28% of quarterly revenue; this is a disclosed income line, not a scholar-approved purification prescription.
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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