IOT
Samsara Inc.
Is IOT Halal?
IoT platform for physical operations management — permissible software and sensor business.
What You Should Know
Samsara is a US SaaS company providing a connected-operations platform for physical industries including trucking, logistics, construction, field services, and utilities. The platform combines telematics hardware (vehicle GPS tracking, dashcams, trailer sensors), industrial IoT sensors, and cloud software to give operators real-time visibility into fleet safety, vehicle diagnostics, driver behavior, cargo tracking, and regulatory compliance (ELD mandates, HOS logging, IFTA reporting). Revenue is substantially recurring subscription-based SaaS with hardware sold alongside subscriptions. Physical-operations IoT software and hardware for safety and efficiency are generally permissible at the activity level. Its May 2, 2026 10-Q reports no interest-bearing debt, but cash plus marketable debt securities are 49.45% of total assets, above the examined FTSE Yasaar asset-based liquidity limit. The quantitative result is therefore methodology-dependent and should not be described as a universal pass.
⚠️ Concerns
- •Cash plus marketable debt securities are 49.45% of total assets in the latest 10-Q, above the examined FTSE Yasaar asset-based liquidity limit
- •Interest income is combined with other income, so no fixed purification percentage is asserted
- •Some government and defense end-market exposure via general-purpose fleet telematics
- •Pre-GAAP-profitability periods — verify current profitability status at the time of investment
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-05-02; calculated 2026-07-13.
0 / 2,614.07
1,281.391 / 2,614.07
503.965 / 2,614.07
- Financial
- Fails
- Overall
- Fails
Debt/assets is 0.00% and receivables plus cash/assets is 19.27%, but cash plus interest-bearing securities/assets is 49.45%, above the examined 33.33% limit.
- Financial
- Fails
- Overall
- Fails
Debt and receivables-plus-cash pass the examined asset-based limits, but identifiable cash and interest-bearing securities exceed the examined liquidity limit.
- Financial
- Fails
- Overall
- Fails
Debt is nil and receivables plus cash are low, but the identifiable conventional cash and securities balance is above the examined 33% total-assets limit; this is not an official SAC classification.
- Financial
- Not calculated
- Overall
- Not calculated
No licensed historical market-cap series is stored.
Business-activity disclosure
Samsara provides connected-operations software, telematics hardware and sensors for fleet safety, logistics, construction and field services. These general-purpose tools are generally permissible; government and defense-adjacent fleet use remains qualitative context.
Limitation: The filing does not separately disclose gross interest income or a universal prohibited-activity revenue numerator.
Purification
Interest income is included in a combined $41.732 million interest-and-other-income line; ZakatInvest does not assert a fixed purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Samsara's May 2, 2026 Form 10-Q.
- Samsara reports $218.986 million of cash and $1,062.405 million of marketable debt securities; no interest-bearing debt is reported.
- Accounts receivable is $284.979 million and quarterly revenue is $478.844 million.
- The filing combines interest income with other income, so no standalone non-compliant-income numerator is asserted.
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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