IONQ
IonQ Inc.
Is IONQ Halal?
Quantum computing is generally permissible, but liquidity/assets and interest income materially fail the examined screens.
What You Should Know
IonQ's March 31, 2026 filing reports 46.19% identifiable liquidity/assets and 43.66% disclosed interest income/revenue; debt/assets is 0.00% and receivables-plus-cash/assets is 8.84%. Quantum hardware and cloud services are generally permissible, while government and dual-use end use remains qualitative.
⚠️ Concerns
- •Liquidity/assets is 46.19%, above the examined limits
- •Interest income, net is 28.234 million, or 43.66% of quarterly revenue
- •Proposed SkyWater transaction may materially change the balance sheet
- •Government/defense and dual-use end use is not contract-level disclosed
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
0 / 6,693.713
3,091.896 / 6,693.713
591.735 / 6,693.713
28.234 / 64.668
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 46.19%, above the examined 33.333% limit, and disclosed interest income/revenue is 43.66%; debt/assets is 0.00% and receivables plus cash/assets is 8.84%.
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 46.19%, above the examined MSCI total-assets limit; debt/assets is 0.00% and receivables plus cash/assets is 8.84%. This is not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Identifiable liquidity/assets is 46.19%, above the examined Malaysia SAC 33% financial limit; debt/assets is 0.00%. This is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed reproducible 24- or 36-month market-cap history is not stored; a spot estimate is not substituted.
Business-activity disclosure
IonQ develops quantum-computing hardware, cloud access, networking, sensing and security products. Scientific computing is generally permissible, while government, defense and dual-use customer applications require qualitative review.
Limitation: The filing does not classify every customer or dual-use application under a universal Sharia taxonomy.
Purification
Interest income, net of 28.234 million is disclosed, but ZakatInvest does not prescribe a fixed scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from IonQ's March 31, 2026 Form 10-Q.
- No conventional borrowings are reported; operating leases and warrant liabilities are not treated as interest-bearing debt in this screen.
- Cash is 493.538 and U.S. government and agency short- and long-term investments total 2,598.358.
- Accounts receivable is 98.197 and quarterly revenue is 64.668.
- Interest income, net is 28.234; quantum-computing customer and government/defense end use is not allocated 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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