GWRE
Guidewire Software, Inc.
Is GWRE Halal?
Insurance-platform cloud software — generally permissible activity, but current liquidity/assets screen fails.
What You Should Know
Guidewire's April 30, 2026 Form 10-Q reports assets of $2,535.132 million, convertible notes of $677.206 million, cash of $294.634 million, debt investments of $852.167 million, broad receivables of $363.705 million and quarterly revenue of $372.541 million. Debt/assets is 26.71%, liquidity/assets is 45.24%, receivables plus cash/assets is 25.97% and disclosed interest income is 3.03% of revenue. Liquidity exceeds the examined limits; no universal prohibited-revenue numerator is disclosed.
⚠️ Concerns
- •Liquidity/assets is 45.24%, above examined 33.333% limits
- •Convertible-note leverage and debt-investment portfolio
- •Insurance-industry customer and underwriting use
- •Disclosed interest income is 3.03% of quarterly revenue; no fixed purification percentage asserted
- •Data privacy, claims and pricing analytics require qualitative review
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-04-30; calculated 2026-07-15.
677.206 / 2,535.132
1,146.801 / 2,535.132
658.339 / 2,535.132
11.295 / 372.541
- Financial
- Fails
- Overall
- Fails
Debt/assets is 26.71%, liquidity/assets is 45.24% and receivables-plus-cash/assets is 25.97%; liquidity exceeds the examined limit. Interest income is 3.03% of revenue.
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 45.24%, above the examined MSCI total-assets limit; this is not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 45.24%, above the examined Malaysia 33% limit; this is not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; liquidity failure is independently documented.
Business-activity disclosure
Guidewire provides cloud and software platforms for property-and-casualty insurers. General-purpose insurance software is generally permissible, but insurer product, underwriting and customer-use exposure is not reduced to a universal prohibited-revenue numerator.
Limitation: The filing does not classify customer insurance activities by Sharia category; the activity conclusion remains qualitative.
Purification
Guidewire discloses interest income of $11.295 million, but ZakatInvest does not prescribe a scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Guidewire's April 30, 2026 Form 10-Q.
- Convertible senior notes of $677.206 million are included as interest-bearing debt; operating lease liabilities are excluded.
- Cash is $294.634 million and short- plus long-term debt investments total $852.167 million.
- Billed accounts receivable of $138.853 million plus unbilled receivables of $224.852 million are used; the filing presents both as receivable balances.
- Second-quarter revenue is $372.541 million and disclosed interest income is $11.295 million.
- Insurance-platform software is generally permissible, but no universal prohibited-revenue numerator is disclosed.
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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