PATH
UiPath Inc.
Is PATH Halal?
Automation software is generally permissible, but identifiable liquidity exceeds examined limits.
What You Should Know
UiPath's April 30, 2026 filing shows debt/assets of 0.00%, liquidity/assets of 48.74%, receivables plus cash/assets of 32.09% and disclosed interest income/revenue of 2.49%. Robotic process automation and AI-enabled enterprise software are generally permissible, while customer industries, government use, data handling and workforce effects require qualitative review.
⚠️ Concerns
- •Liquidity/assets is 48.74%, above the examined FTSE, MSCI and Malaysia limits
- •AI and automation can support mixed commercial, government and regulated workflows
- •Customer data, model provenance, privacy, security and workforce effects require review
- •Business classification is incomplete despite the generally permissible core software activity
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-04-30; calculated 2026-07-14.
0 / 2,904.7
1,415.746 / 2,904.7
932.194 / 2,904.7
10.401 / 418.382
- Financial
- Fails
- Overall
- Fails
Debt/assets is 0.00%, liquidity/assets is 48.74%, receivables plus cash/assets is 32.09% and disclosed interest income/revenue is 2.49%; liquidity/assets exceeds the examined FTSE 33.333% limit.
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 48.74%, above the examined MSCI 33.33% total-assets limit; debt and receivables plus cash are below their examined limits.
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 48.74%, above the examined Malaysia 33% limit; this is a calculation against the named ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; the liquidity failure is independent of the unavailable market-cap denominator.
Business-activity disclosure
UiPath supplies robotic process automation, business-automation software, professional services and AI-enabled platform capabilities. Enterprise automation is generally permissible, while AI deployment, government or regulated customers, data handling, workforce effects and downstream end uses require continuing qualitative review.
Limitation: The filing does not allocate revenue into a universal prohibited-activity numerator for AI use, customer industries, government contracts, data processing or workforce impacts.
Purification
UiPath discloses $10.401 million of interest income but does not prescribe a scholar-approved purification percentage; the disclosed ratio is evidence for the income screen, not a complete purification prescription.
Inputs, assumptions and primary sources
- Amounts are USD millions converted from UiPath's thousands presentation in the April 30, 2026 Form 10-Q.
- No interest-bearing debt is reported on the balance sheet; operating lease liabilities are excluded.
- Cash and cash equivalents are $632.195 million and current plus non-current marketable securities are $783.551 million.
- Accounts receivable, net are $299.999 million and first-quarter revenue is $418.382 million; disclosed interest income is $10.401 million.
- The filing does not allocate automation, AI, customer or end-use revenue into a universal prohibited-activity 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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