RDDT

Reddit Inc.

DOUBTFUL — SCREEN DOES NOT PASSstock

Is RDDT Halal?

Social media platform with significant haram content communities.

What You Should Know

Reddit's March 31, 2026 filing reports 79.52% identifiable liquidity/assets and 54.45% receivables-plus-cash/assets, with no conventional debt. The platform hosts user-generated communities involving adult content, gambling, alcohol and other activities requiring strict qualitative review; the filing does not quantify those categories as revenue.

⚠️ Concerns

  • Liquidity/assets is 79.52%, above the examined limits
  • Receivables-plus-cash/assets is 54.45% under the examined MSCI screen
  • Platform hosts explicit adult, gambling and alcohol communities
  • Advertiser and content-category revenue is not separately disclosed

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
0.00%Within limit
Below 33.333% under FTSE Yasaar

0 / 3,484.283

Cash + interest-bearing securities / assets
79.52%Above limit
Below 33.333% under FTSE Yasaar

2,770.632 / 3,484.283

Receivables + cash / assets
54.45%Above limit
Below 50% under FTSE Yasaar

1,897.253 / 3,484.283

Non-compliant income / revenue
3.44%Within limit
No more than 5% under FTSE Yasaar

22.816 / 663.411

FTSE Yasaar
v4.6, February 2026
Financial
Fails
Overall
Fails

Liquidity/assets is 79.52% and receivables plus cash/assets is 54.45%; liquidity exceeds the examined FTSE 33.333% limit, while the conservative other-income upper bound is 3.44%.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Fails
Overall
Fails

Liquidity/assets is 79.52% and receivables plus cash/assets is 54.45%, above the examined MSCI total-assets limits; debt/assets is 0.00%. This is not an index-membership claim.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Fails
Overall
Fails

Identifiable liquidity/assets is 79.52%, above the examined Malaysia SAC 33% financial limit; debt/assets is 0.00%. This is a calculation against SAC ratios, not an official classification.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Not calculated

A properly licensed reproducible 24- or 36-month market-cap history is not stored; a spot estimate is not substituted.

Business-activity disclosure

Reddit operates a user-generated-content and advertising platform. General discussion technology is neutral, but the platform hosts and monetizes communities involving adult content, gambling, alcohol and other activities requiring a strict qualitative Sharia review.

Limitation: The filing does not quantify revenue attributable to prohibited communities, advertisers or content categories under a universal Sharia numerator.

Purification

Other income, net of 22.816 million is used as a conservative upper bound, but ZakatInvest does not prescribe a fixed scholar-approved purification percentage.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Reddit's March 31, 2026 Form 10-Q.
  • No conventional borrowings are reported; operating lease liabilities are not treated as interest-bearing debt in this screen.
  • Cash is 1,374.348 and marketable securities are 1,396.284; the filing identifies government, agency, corporate, time-deposit and commercial-paper instruments.
  • Accounts receivable is 522.905 and quarterly revenue is 663.411.
  • Other income, net of 22.816 is used as a conservative upper bound because it includes interest income, securities gains and other items; content and advertiser categories are not allocated to 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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