GRND

Grindr Inc.

HARAM — SCREEN DOES NOT PASSstock

Is GRND Halal?

Dating and social-networking app whose core business centers on facilitating impermissible relationships — a business-activity disqualifier.

What You Should Know

Grindr Inc. operates a dating and social-networking application, earning revenue from subscriptions and advertising. Unlike a general-purpose platform, Grindr's core purpose is to facilitate casual and same-sex relationships, which falls squarely within activities prohibited under Islamic law. Because the impermissible activity is the very heart of the product rather than an incidental content issue, the business fails the activity screen at a fundamental level, and no purification mechanism addresses a core-business problem. The verdict is non-compliant regardless of the company's financial ratios.

⚠️ Concerns

  • The app's core purpose is to facilitate impermissible relationships, which is a fundamental business-activity disqualifier that cannot be cured by purification
  • Both the subscription and advertising revenue are tied directly to the impermissible core activity
  • This is a structural, business-model concern rather than an incidental content or financial-ratio issue
  • Muslim investors should avoid the stock entirely and look to permissible software or consumer-platform businesses instead

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.

USD · millions
Interest-bearing debt / assets
83.05%Above limit
Below 33.333% under FTSE Yasaar

391.09 / 470.924

Cash + interest-bearing securities / assets
5.06%Within limit
Below 33.333% under FTSE Yasaar

23.81 / 470.924

Receivables + cash / assets
19.96%Within limit
Below 50% under FTSE Yasaar

93.981 / 470.924

Non-compliant income / revenue
5.08%Above limit
No more than 5% under FTSE Yasaar

6.605 / 129.941

FTSE Yasaar
v4.6, February 2026
Financial
Fails
Overall
Fails

Debt/assets is 83.05%, receivables-plus-cash/assets is 19.96% and disclosed net interest income is 5.08%; the core business also fails the activity screen.

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

Debt/assets is 83.05%, above the examined MSCI total-assets limit; core business activity is also treated as impermissible.

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

Debt/assets is 83.05% and disclosed net interest income is 5.08%; 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
Fails

A licensed historical market-cap series is not stored; the debt, income and business-activity failures remain material.

Business-activity disclosure

Grindr operates a dating and social-networking application funded by subscriptions and advertising. The core service itself is the activity under qualitative review and is treated as impermissible for this screen.

Limitation: The filing does not separate subscription and advertising revenue from the core service into a scholar-specific purification category.

Purification

Core-business activity is treated as non-compliant; purification is not a substitute for a failed business-activity screen.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Grindr's March 31, 2026 Form 10-Q.
  • Interest-bearing debt is $20.000 million current plus $371.090 million noncurrent; operating leases are excluded.
  • Cash and cash equivalents are $23.810 million and net accounts receivable are $70.171 million.
  • First-quarter revenue is $129.941 million and disclosed net interest income is $6.605 million, or 5.08% of revenue.
  • The core dating and social-networking service is treated as the non-compliant activity numerator for this business-activity screen; no purification is applied to core-business revenue.

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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