LSPD
Lightspeed Commerce Inc.
Is LSPD Halal?
Cloud POS and retail commerce platform for restaurants and retail — permissible software business.
What You Should Know
Lightspeed Commerce is a Canada-based SaaS company providing a cloud-based commerce platform serving restaurants, retail merchants, and golf courses. The platform combines point-of-sale, inventory management, payments processing, e-commerce, analytics, and supplier-network tools. Its fiscal 2026 annual report reports no borrowings, 27.26% cash/assets, and 30.12% receivables-plus-cash/assets under the examined asset methodology. Retail and restaurant POS and commerce software is generally permissible at the activity level, while payment processing, merchant cash advances, and customer use remain qualitative considerations.
⚠️ Concerns
- •Payment-processing component facilitates credit-card transactions; scholars differ on the treatment
- •Merchant cash advances are disclosed separately and require additional review
- •Some alcohol-serving restaurant and bar customers use general-purpose hospitality POS
- •Net interest income is disclosed but gross interest income and prohibited-activity revenue are not separately quantified
- •Pre-GAAP-profitability at points in the cycle — verify current profitability status
Current quantitative Sharia screen
Based on 40-F figures for the period ended 2026-03-31; calculated 2026-07-13.
0 / 1,665.222
453.906 / 1,665.222
501.507 / 1,665.222
8.248 / 1,227.046
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 0.00%, liquidity/assets is 27.26%, receivables plus cash/assets is 30.12% and disclosed net interest income/revenue is 0.67%; known financial ratios pass, but the business revenue numerator is unavailable.
- Financial
- Pass
- Overall
- Incomplete
Debt, liquidity and receivables-plus-cash pass the examined total-assets limits; this is not an index-membership claim and customer-use revenue remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
The examined debt, liquidity and receivables-plus-cash asset ratios pass; this is not an official SAC classification and prohibited-activity revenue is not separately disclosed.
- Financial
- Not calculated
- Overall
- Not calculated
No licensed historical market-cap series is stored.
Business-activity disclosure
Lightspeed provides cloud point-of-sale, retail, restaurant, golf, payments and commerce-management software. General-purpose merchant software is generally permissible, while payment processing and merchant-cash-advance exposure require qualitative review.
Limitation: The filing does not allocate revenue into a universal prohibited-activity numerator by merchant category or customer use.
Purification
Net interest income of $8.248 million is disclosed, but gross interest income and a scholar-specific purification rate are not; ZakatInvest does not prescribe a fixed percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Lightspeed's March 31, 2026 annual report.
- Lightspeed reports no borrowings; lease liabilities are not treated as interest-bearing debt in this screen.
- Cash is $453.906 million and trade and other receivables are $47.601 million.
- Fiscal 2026 revenue is $1,227.046 million and net interest income is $8.248 million; gross interest income is not separately presented.
- Merchant cash advances are disclosed separately and are not added to trade receivables or interest-bearing securities.
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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