Is NOW (ServiceNow Inc.) halal?

Q: Is NOW (ServiceNow Inc.) halal?

HALAL: Enterprise workflow and SaaS activity — March 2026 financial ratios pass, while customer-use revenue remains undisclosed. ServiceNow's March 31, 2026 Form 10-Q shows $24,381 million of assets, $1,491 million of debt, $7,906 million of cash plus marketable debt securities and $1,713 million of receivables. Debt/assets is 6.12%, liquidity/assets is 32.43% and receivables plus cash/assets is 18.11%.

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NOW

ServiceNow Inc.

HALAL — FINANCIAL SCREENS PASSstock

Is NOW Halal?

Enterprise workflow and SaaS activity — March 2026 financial ratios pass, while customer-use revenue remains undisclosed.

What You Should Know

ServiceNow's March 31, 2026 Form 10-Q shows $24,381 million of assets, $1,491 million of debt, $7,906 million of cash plus marketable debt securities and $1,713 million of receivables. Debt/assets is 6.12%, liquidity/assets is 32.43% and receivables plus cash/assets is 18.11%.

⚠️ Concerns

•Workflow and AI tools can support surveillance or harmful automated decisions
•Government and financial-services customer uses are not fully screened
•Disclosed interest income and data-governance risks

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

6.12%Within limit

Below 33.333% under FTSE Yasaar

1,491 / 24,381

Cash + interest-bearing securities / assets

32.43%Within limit

Below 33.333% under FTSE Yasaar

7,906 / 24,381

Receivables + cash / assets

18.11%Within limit

Below 50% under FTSE Yasaar

4,415 / 24,381

Non-compliant income / revenue

2.33%Within limit

No more than 5% under FTSE Yasaar

88 / 3,770

Methodology	Financial	Overall	What drives it
FTSE Yasaar v4.6, February 2026	Pass	Incomplete	Debt/assets is 6.12%, liquidity/assets is 32.43%, receivables-plus-cash/assets is 18.11%, and disclosed interest income is 2.33%; financial ratios pass while customer-use revenue remains incomplete.
MSCI Islamic (total-assets series) October 2024 methodology	Pass	Incomplete	Debt, liquidity and receivables-plus-cash are below the examined MSCI total-assets thresholds; business activity remains qualified.
Malaysia SAC financial ratios single 5% activity benchmark adopted November 2025	Pass	Incomplete	Debt/assets and identifiable liquidity/assets are below the examined Malaysia SAC limits. This is a calculation against SAC ratios, not an official SAC classification.
Market-cap denominator methods MSCI M-Series, S&P and Dow Jones methods differ	Not calculated	Not calculated	A licensed historical market-cap series is not stored, so market-cap denominator methods are not estimated from a spot price.

FTSE Yasaar

v4.6, February 2026

Financial: Pass
Overall: Incomplete

Debt/assets is 6.12%, liquidity/assets is 32.43%, receivables-plus-cash/assets is 18.11%, and disclosed interest income is 2.33%; financial ratios pass while customer-use revenue remains incomplete.

MSCI Islamic (total-assets series)

October 2024 methodology

Financial: Pass
Overall: Incomplete

Debt, liquidity and receivables-plus-cash are below the examined MSCI total-assets thresholds; business activity remains qualified.

Malaysia SAC financial ratios

single 5% activity benchmark adopted November 2025

Financial: Pass
Overall: Incomplete

Debt/assets and identifiable liquidity/assets are below the examined Malaysia SAC limits. This is a calculation against SAC ratios, not an official SAC classification.

Market-cap denominator methods

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

Financial: Not calculated
Overall: Not calculated

A licensed historical market-cap series is not stored, so market-cap denominator methods are not estimated from a spot price.

Business-activity disclosure

ServiceNow provides subscription workflow, IT, customer-service, security and enterprise automation software. Enterprise SaaS is generally permissible.

Limitation: ServiceNow does not classify revenue by financial-services, defense, surveillance, gambling or other potentially sensitive customer uses, and its AI functionality is general-purpose.

Purification

Disclosed interest income is 2.33% of quarterly revenue, but a complete non-compliant-income decomposition is unavailable. ZakatInvest does not prescribe a fixed purification percentage.

Inputs, assumptions and primary sources

Amounts are USD millions from ServiceNow's March 31, 2026 Form 10-Q.
Debt is the reported long-term debt; marketable securities are available-for-sale debt securities.
Accounts receivable is the reported net balance. Interest income is $88 million for the quarter.
The filing does not separately disclose prohibited-business or downstream end-use revenue.

U.S. Securities and Exchange Commission: ServiceNow First Quarter 2026 Form 10-Q FTSE Russell: FTSE Yasaar Global Equity Shariah Index Series Ground Rules MSCI: MSCI Islamic Index Series Methodology Securities Commission Malaysia: Shariah-Compliant Securities Screening Methodology

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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