NICE
NICE Ltd.
Is NICE Halal?
Cloud contact-center and customer-experience software is generally permissible; the filing-based financial ratios pass while the customer-activity numerator remains undisclosed.
What You Should Know
NICE's December 31, 2025 Form 20-F reports $5,106.030M of assets, no interest-bearing debt, $379.388M of cash, $38.010M of short-term investments, $737.954M of trade receivables and $2,945.4M of revenue. Debt/assets is 0.00%, liquidity/assets 8.17%, receivables plus cash/assets 21.89% and disclosed interest income/revenue is 0.75%. NICE provides cloud CXone, analytics, workforce and financial-crime compliance software; downstream customer use is a qualitative, methodology-dependent question.
⚠️ Concerns
- •$22.025M of interest income is disclosed; no fixed purification percentage is asserted
- •Compliance and financial-crime software is sold to conventional financial institutions
- •General-purpose contact-center software serves mixed industries
- •The filing does not provide a universal prohibited-revenue numerator
Current quantitative Sharia screen
Based on 20-F figures for the period ended 2025-12-31; calculated 2026-07-13.
0 / 5,106.03
417.398 / 5,106.03
1,117.342 / 5,106.03
22.025 / 2,945.4
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 0.00%, liquidity/assets 8.17%, receivables plus cash/assets 21.89% and interest income/revenue is 0.75%; the activity numerator remains undisclosed.
- Financial
- Pass
- Overall
- Incomplete
Debt, liquidity and receivables-plus-cash ratios are below the examined MSCI limits; business activity remains separately disclosed as incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and liquidity/assets are below the examined Malaysia SAC limits; no universal prohibited-revenue numerator is asserted.
- Financial
- Not calculated
- Overall
- Incomplete
No licensed historical market-cap series is stored.
Business-activity disclosure
NICE provides enterprise cloud contact-center, customer-experience, analytics, workforce-engagement and financial-crime compliance software. These are generally permissible technology activities, although downstream customer use is not fully separable.
Limitation: The filing does not allocate revenue into a universal prohibited-activity numerator across customer industries or downstream uses.
Purification
NICE discloses $22.025 million of interest income; ZakatInvest does not prescribe a fixed scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from NICE's December 31, 2025 Form 20-F.
- Cash is $379.388 million, short-term investments are $38.010 million, trade receivables are $737.954 million and total assets are $5,106.030 million.
- The company reported $2,945.4 million of 2025 revenue and $22.025 million of interest income.
- NICE provides cloud contact-center, customer-experience, analytics, workforce and financial-crime compliance software; the filing does not allocate a universal prohibited-revenue numerator.
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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