MCO

Moody's Corp.

HARAM — SCREEN DOES NOT PASSstock

Is MCO Halal?

Credit ratings — facilitates riba-based debt markets.

What You Should Know

Moody's rates bonds and debt instruments for credit risk. Its March 31, 2026 Form 10-Q reports $14,732 million of assets, $6,963 million of debt, $1,510 million of cash plus short-term investments, $2,044 million of receivables, and $2,079 million of quarterly revenue. Debt/assets is 47.27%, and the core ratings and debt-market infrastructure business remains a direct business-activity failure under the retained qualitative analysis.

⚠️ Concerns

  • Debt/assets is 47.27% and exceeds the examined asset-based limits
  • Facilitates bond/riba markets
  • Credit analysis for interest instruments
  • Research and data support conventional investment and lending decisions

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
47.26%Above limit
Below 33.333% under FTSE Yasaar

6,963 / 14,732

Cash + interest-bearing securities / assets
10.25%Within limit
Below 33.333% under FTSE Yasaar

1,510 / 14,732

Receivables + cash / assets
23.85%Within limit
Below 50% under FTSE Yasaar

3,513 / 14,732

FTSE Yasaar
v4.6, February 2026
Financial
Fails
Overall
Fails

Debt/assets is 47.27%, above 33.333%; liquidity/assets is 10.25% and receivables plus cash/assets is 23.84%. The core business also fails.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Fails
Overall
Fails

Debt/assets is 47.27%, above the examined 33.33% limit; the core business also fails. This is not an index-membership claim.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Fails
Overall
Fails

Debt/assets is 47.27%, above the examined 33% limit; the core business also fails. This is not an official SAC classification.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Fails

Market-cap methods are not calculated; debt and direct business-activity failures independently prevent a pass.

Business-activity disclosure

Moody's core MIS business rates debt issuances and provides credit, structured-finance, and financial-market analytics; those activities directly facilitate conventional riba-based capital markets.

Limitation: Segment and product revenue detail does not create a halal carve-out from the core ratings and debt-market infrastructure business.

Purification

Interest income is not separately quantified in a reproducible numerator; purification cannot cure a direct core-business failure.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Moody's March 31, 2026 Form 10-Q.
  • Debt includes current portion of long-term debt of 576 and long-term debt of 6,387.
  • Liquidity includes cash and cash equivalents of 1,469 and short-term investments of 41; mutual funds are excluded.
  • Receivables are 2,044 and quarterly revenue is 2,079.
  • Moody's does not provide a reproducible standalone non-compliant income numerator; total revenue is used as a conservative upper-bound prohibited-revenue proxy because credit ratings are the core activity.

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.

🧾
Own MCO? Purify your portfolio.
Per-holding purification amounts, zakat on your shares, and halal alternatives for flagged holdings — a personalized report prepared for you within 48 hours.
Order Your Report — $49 →
Track MCO and 30,000+ stocks' live compliance status with Islamicly — 50% off with code ZAKAT50.Get Islamicly →

Want to screen more assets?

Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.

Go to Halal Checker →