RBRK
Rubrik Inc.
Is RBRK Halal?
Cyber recovery and data protection — halal SaaS.
What You Should Know
Protects against ransomware and breaches. Pure cybersecurity tech. Recent IPO with strong enterprise adoption. Its April 30, 2026 Form 10-Q reports $2,768.247 million of assets, $1,131.791 million of net convertible-note debt, $445.978 million of cash and restricted cash, $1,319.717 million of short-term investments, $199.344 million of receivables and $387.068 million of quarterly revenue. Debt/assets is 40.88%, liquidity/assets is 63.78%, receivables-plus-cash/assets is 23.31%, and disclosed interest income is 4.11% of revenue; debt and liquidity screens fail while the cybersecurity core remains qualitative.
⚠️ Concerns
- •Competitive market
- •Convertible-note debt exceeds the examined limits
- •Large investment portfolio
- •AI-operations and customer end uses require review
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-04-30; calculated 2026-07-14.
1,131.791 / 2,768.247
1,765.695 / 2,768.247
645.322 / 2,768.247
15.898 / 387.068
- Financial
- Fails
- Overall
- Fails
Debt/assets is 40.88% and liquidity/assets is 63.78%, above the examined 33.333% limits; receivables-plus-cash/assets is 23.31% and disclosed interest income is 4.11% of revenue.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 40.88% and liquidity/assets is 63.78%, above the examined MSCI 33.33% limits; receivables-plus-cash/assets is 23.31%.
- Financial
- Fails
- Overall
- Fails
Debt/assets and liquidity/assets exceed the examined Malaysia limits; this is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A properly licensed and reproducible historical market-cap series is not stored; the debt and liquidity failures remain independently documented.
Business-activity disclosure
Rubrik provides cyber-recovery, data-security and AI-operations software. The core security business is generally permissible, while AI use cases, government contracts and enterprise end uses require qualitative review.
Limitation: The filing does not provide a universal prohibited-activity numerator across customers, AI operations and service lines.
Purification
Rubrik discloses $15.898 million of interest income, but does not provide a complete prohibited-activity numerator; no definitive purification percentage is invented.
Inputs, assumptions and primary sources
- Amounts are USD millions from Rubrik's April 30, 2026 Form 10-Q.
- Interest-bearing debt is the $1,131.791 million net carrying amount of the $1,150 million 0.00% convertible senior notes; the prior credit facility was repaid.
- Cash, cash equivalents and restricted cash total $445.978 million; short-term investments are $1,319.717 million. Accounts receivable, net are $199.344 million.
- Revenue is $387.068 million for the quarter and disclosed interest income is $15.898 million.
- Cyber recovery and AI-operations software are generally permissible, but customer end uses, AI controls and contract mix are not reduced to 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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