INTU
Intuit Inc.
Is INTU Halal?
Tax/accounting software is generally permissible, but Credit Karma and lending products require methodology-dependent review.
What You Should Know
Intuit's April 30, 2026 filing shows debt/assets of 15.67%, liquidity/assets of 17.62%, receivables plus cash/assets of 14.02% and disclosed interest income/revenue of 0.49%. TurboTax and QuickBooks are generally permissible; Credit Karma personal loans, credit products and insurance, QuickBooks Capital, customer funds and interest-bearing investments create material qualitative questions.
⚠️ Concerns
- •Credit Karma facilitates personal loans, credit products and insurance with riba-related exposure
- •QuickBooks Capital and other financing products require contract and interest review
- •Customer funds and interest-bearing investments affect the quantitative screen
- •Financial ratios pass the examined asset-based screens, but activity classification remains incomplete
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-04-30; calculated 2026-07-14.
6,162 / 39,330
6,930 / 39,330
5,515 / 39,330
42 / 8,558
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 15.67%, liquidity/assets is 17.62%, receivables plus cash/assets is 14.02% and disclosed interest income/revenue is 0.49%, below the examined limits; Credit Karma and lending activity remain incompletely allocated.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 15.67%, liquidity/assets is 17.62% and receivables plus cash/assets is 14.02%, below the examined MSCI total-assets limits; activity classification remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
The examined ratios pass at debt/assets 15.67% and liquidity/assets 17.62%; activity classification remains incomplete and this is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored and business classification remains incomplete, so market-cap methods are not estimated from a current spot price.
Business-activity disclosure
Intuit provides tax and accounting software through TurboTax and QuickBooks, alongside Credit Karma consumer-finance products. Tax and accounting tools are generally permissible, but personal loans, credit products, QuickBooks Capital and related customer-funds and data workflows require continuing qualitative review.
Limitation: The filing does not allocate revenue into a universal prohibited-activity numerator for Credit Karma lending, insurance and credit products, QuickBooks financing, customer funds or downstream use.
Purification
Intuit discloses $42 million of interest income but does not prescribe a scholar-approved purification percentage; the disclosed ratio is evidence for the income screen, not a complete purification prescription.
Inputs, assumptions and primary sources
- Amounts are USD millions from Intuit's April 30, 2026 Form 10-Q and rounded to the nearest million.
- Debt includes $750 million of short-term debt and $5,412 million of long-term debt; operating leases are excluded.
- Cash and cash equivalents are $4,681 million; available-for-sale corporate notes and U.S. agency securities total $2,249 million. Funds held for customers are excluded.
- Accounts receivable, net are $834 million and third-quarter net revenue is $8,558 million; disclosed interest income is $42 million.
- The filing does not allocate Credit Karma, lending or other product revenue into a universal prohibited-activity 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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