META

Meta Platforms, Inc.

DOUBTFUL — FINANCIAL SCREENS PASSstock

Is META Halal?

Current total-assets financial screens pass, but Meta does not disclose enough screened advertising and content revenue to complete the activity test.

What You Should Know

Facebook, Instagram, Messenger, WhatsApp, business messaging, and Reality Labs are neutral-purpose technologies in principle. The March 2026 quantitative review confirms that reported debt, conventional liquidity, receivables, and disclosed interest income remain within the examined total-assets limits. Advertising was 97.71% of quarterly revenue, but Meta does not isolate revenue from screened advertiser categories or objectionable content, so the business screen remains incomplete rather than receiving an estimated pass or fail.

⚠️ Concerns

  • Screened advertising categories are not separately disclosed
  • Facebook and Instagram host and recommend mixed user-generated content
  • Messaging, subscriptions, commerce, and integrations lack screened subcategory revenue
  • Disclosed interest income was 1.32% of quarterly revenue
  • AI, moderation, youth safety, privacy, surveillance, misinformation, bias, and environmental impacts require qualitative review

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-12.

USD · millions
Interest-bearing debt / assets
14.86%Within limit
Below 33.333% under FTSE Yasaar

58,748 / 395,250

Cash + interest-bearing securities / assets
21.32%Within limit
Below 33.333% under FTSE Yasaar

84,282 / 395,250

Receivables + cash / assets
12.23%Within limit
Below 50% under FTSE Yasaar

48,321 / 395,250

Non-compliant income / revenue
1.32%Within limit
No more than 5% under FTSE Yasaar

744 / 56,311

FTSE Yasaar
v4.6, February 2026
Financial
Pass
Overall
Incomplete

Reported debt, conservatively defined liquidity, receivables-plus-cash, and disclosed interest income pass the published financial limits. The prohibited business-revenue percentage remains undisclosed. Finance-lease liabilities are not separately presented, but a deliberately overinclusive debt bound that adds every accrued and other liability still remains below the debt limit.

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

Reported debt, cash plus identifiable interest-bearing securities, and receivables plus cash are below the applicable total-assets thresholds. The business-activity result remains incomplete.

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

Identifiable conventional cash and interest-bearing instruments and reported interest-bearing debt are below 33% of total assets. This is a calculation against the SAC ratios, not an official SAC classification of a U.S.-listed security.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
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

Facebook, Instagram, Messenger, WhatsApp, business messaging, communications software, and virtual- and augmented-reality hardware are neutral-purpose technologies in principle. Advertising represented 97.71% of quarterly revenue and requires category-level screening evidence.

Limitation: Meta does not separately disclose revenue from alcohol, gambling, conventional finance, dating, objectionable content, or other screened advertiser categories. It also combines paid messaging, Meta Verified subscriptions, commerce, and other Family of Apps revenue. Neither all advertising nor an invented fraction can serve as a defensible prohibited-revenue numerator.

Purification

Disclosed interest income was 1.32% of quarterly revenue. Meta pays a quarterly cash dividend, but potentially non-compliant advertising and operating revenue is not separately disclosed, so this record does not prescribe a fixed purification percentage.

Inputs, assumptions and primary sources
  • Interest-bearing debt uses the reported 58,748 carrying amount of fixed-rate senior unsecured notes. The quarterly filing does not separately present finance-lease liabilities; they may be included in other liabilities, and this limitation is disclosed rather than estimated from the finance-lease asset balance. Even adding all 31,013 of accrued and other current liabilities and all 3,612 of other liabilities as a deliberately overinclusive upper bound would produce 23.62% debt to assets, below the examined limits.
  • Cash and cash equivalents conservatively include the reported unrestricted 23,426 plus 7,425 of restricted cash equivalents. Including restricted amounts makes the upper-limit liquidity and receivables calculations more cautious.
  • Interest-bearing securities use the 53,431 of identified marketable U.S. government, agency, and corporate debt securities and exclude 4,323 of marketable equity securities.
  • Accounts receivable is the reported net balance of 17,470.
  • Revenue and disclosed interest income use the same three-month period ended March 31, 2026.

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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