GLOB
Globant S.A.
Is GLOB Halal?
Digital-engineering and IT-services business — generally permissible activity whose known asset-based ratios pass, with activity classification incomplete.
What You Should Know
Globant's December 31, 2025 Form 20-F reports assets of $3,318.235 million, borrowings of $366.706 million, cash of $243.742 million, investments of $9.083 million, broad receivables of $711.169 million and fiscal-year revenue of $2,454.877 million. Debt/assets is 11.05%, liquidity/assets is 7.62%, receivables plus cash/assets is 28.79% and disclosed finance income is 0.23% of revenue. Known ratios pass, but no universal prohibited-revenue numerator is disclosed.
⚠️ Concerns
- •Known asset-based ratios pass, but no universal prohibited-revenue numerator is disclosed
- •Enterprise, financial-services and government customer end uses
- •Acquisitions, goodwill and receivable concentration
- •Disclosed finance income is 0.23% of fiscal-year revenue; no fixed purification percentage asserted
- •Cross-border delivery, labor and geopolitical exposure
Current quantitative Sharia screen
Based on 20-F figures for the period ended 2025-12-31; calculated 2026-07-15.
366.706 / 3,318.235
252.825 / 3,318.235
954.911 / 3,318.235
5.526 / 2,454.877
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 11.05%, liquidity/assets is 7.62%, receivables-plus-cash/assets is 28.79% and finance income is 0.23%; activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity and receivables-plus-cash ratios pass the examined MSCI total-assets limits; activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity and finance-income ratios pass the examined Malaysia limits; this is not an official classification of a foreign-listed security.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored and business classification remains incomplete.
Business-activity disclosure
Globant provides digital engineering, software development, AI, cloud and design services for enterprise clients. General-purpose technology services are generally permissible, while customer industries and end uses are not reduced to a universal prohibited-revenue numerator.
Limitation: The 20-F does not classify every client, project or end use by a universal Sharia category; activity remains qualitative.
Purification
Globant discloses finance income of $5.526 million, but ZakatInvest does not prescribe a scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Globant's December 31, 2025 Form 20-F.
- Borrowings are $366.706 million; operating lease liabilities are excluded.
- Cash is $243.742 million and current plus non-current investments are $9.083 million.
- Trade receivables of $577.673 million plus other current and non-current receivables of $133.901 million are used; cash is added separately in the receivables-plus-cash ratio.
- Fiscal-year revenue is $2,454.877 million and finance income is $5.526 million, including interest revenue.
- Digital engineering, software and IT consulting are generally permissible, but customer end-use revenue is not reduced to a universal prohibited-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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