MA
Mastercard Inc.
Is MA Halal?
Mastercard does not lend or receive issuer interest, but March 2026 debt was 36.15% of assets and the network's screened transaction mix is undisclosed.
What You Should Know
Mastercard enables general-purpose payments and provides value-added services. It states that it does not issue cards, extend credit, set issuer rates or receive issuer interest and cardholder fees. The current total-assets methods fail on debt while liquidity, receivables and investment income pass. Conventional-credit facilitation and prohibited merchant transactions remain qualitative methodology questions because Mastercard does not publish a screened transaction or revenue numerator.
⚠️ Concerns
- •Debt was 36.15% of total assets
- •Network facilitates conventional credit issued by financial-institution customers
- •Screened credit, debit, prepaid, account-based and merchant-category revenue is unavailable
- •Settlement guarantees and reliance on conventional financial institutions
- •Interchange, merchant costs, competition, privacy, cybersecurity, data use and financial-inclusion concerns
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-12.
18,960 / 52,449
8,219 / 52,449
12,626 / 52,449
81 / 8,398
- Financial
- Fails
- Overall
- Fails
Debt is 36.15% of total assets, above the 33.333% limit. Liquidity is 15.67%, receivables plus cash is 24.07%, and the investment-income upper bound is 0.96%, all within their examined limits.
- Financial
- Fails
- Overall
- Fails
Debt is above the 33.33% total-assets limit even though liquidity and receivables plus cash are below their limits.
- Financial
- Fails
- Overall
- Fails
Debt is above 33% of total assets, and a screened business-revenue percentage is unavailable. This is a calculation against the SAC ratios, not an official SAC classification of a U.S.-listed security.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible 24- or 36-month issuer market-cap history is not yet stored, so these methods are not estimated from a current spot price.
Business-activity disclosure
Mastercard enables electronic payments and provides security, authentication, data, consulting, open-banking and other value-added services. Mastercard states that it does not issue cards, extend credit, set issuer interest rates or receive issuer interest and account-holder fees. General-purpose payment infrastructure is permissible in many uses, while facilitation of conventional credit and prohibited merchant transactions remains a methodological concern.
Limitation: The filing does not disaggregate revenue by credit, debit, prepaid, account-based payment, merchant category, prohibited transaction, or degree of involvement with issuer lending. Payment-network revenue cannot be treated as either entirely permissible or entirely prohibited from the disclosed data.
Purification
The 81 investment-income line is a conservative 0.96% upper bound of quarterly revenue. Potentially non-compliant operating revenue is not separately disclosed, so this record does not prescribe a complete fixed purification percentage.
Inputs, assumptions and primary sources
- Interest-bearing debt uses the filing's 18,960 total debt, consisting of 1,748 classified as short term and 17,212 as long term.
- Cash and cash equivalents use the reported 7,906 balance. Restricted customer and settlement balances are not added to freely available cash.
- Interest-bearing securities use the 313 available-for-sale investment balance.
- Receivables use the reported 4,720 accounts-receivable balance.
- Revenue and the 81 investment-income line use the same three-month period ended March 31, 2026. Investment income primarily consists of interest but can include realized securities gains and losses, so it is a conservative non-compliant-income upper bound.
- Mastercard discloses payment-network and value-added-services revenue, but not a Sharia-screened numerator by credit, debit, prepaid, account-based transaction, merchant category, issuer economics, or prohibited end use.
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.
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →