QUBT
Quantum Computing Inc.
Is QUBT Halal?
Quantum photonics — financial instability concerns.
What You Should Know
Quantum Computing Inc. develops quantum photonic systems. Its March 31, 2026 Form 10-Q reports $1,620.534 million of assets, $5.445 million of operating-lease liabilities, $257.711 million of cash, $1,151.219 million of available-for-sale debt securities, $4.281 million of receivables and $3.691 million of quarterly revenue. Debt/assets is 0.34%, but liquidity/assets is 86.94% and a separate non-compliant-income numerator is unavailable; the examined liquidity screens fail and the financial-instability concerns remain.
⚠️ Concerns
- •Liquidity/assets materially exceeds the examined limits
- •Minimal revenue and high cash burn
- •Non-compliant income not separately disclosed
- •Quantum and dual-use end uses require qualitative review
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
5.445 / 1,620.534
1,408.93 / 1,620.534
261.992 / 1,620.534
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 86.94%, above the examined 33.333% limit; debt/assets is 0.34% and receivables-plus-cash/assets is 16.17%. Income is unavailable, but the liquidity failure is decisive.
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 86.94%, above the examined 33.33% limit; debt/assets is 0.34% and receivables-plus-cash/assets is 16.17%.
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 86.94%, above the examined Malaysia 33% limit; debt/assets is 0.34%. This calculation is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored; filing-based asset ratios remain documented.
Business-activity disclosure
Quantum Computing Inc. develops quantum photonic systems and related applications. The technology business is generally permissible, while government, defense and dual-use end-use allocation requires qualitative review.
Limitation: The filing does not provide a universal prohibited-activity numerator across customers, contracts and end uses.
Purification
Quantum Computing Inc. does not separately disclose a scholar-universal non-compliant income amount or a complete prohibited-activity numerator; no purification percentage is asserted.
Inputs, assumptions and primary sources
- Amounts are USD millions from Quantum Computing Inc.'s March 31, 2026 Form 10-Q.
- No conventional debt line is reported; $5.445 million of operating-lease liabilities is included conservatively.
- Cash is $257.711 million and available-for-sale debt securities are $1,151.219 million; accounts receivable are $4.281 million.
- Quarterly revenue is $3.691 million. The filing does not separately isolate a scholar-universal non-compliant income amount.
- Quantum photonics is generally permissible at the activity level, but the filing does not provide a universal prohibited-activity numerator across government, defense and commercial end uses.
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.
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →