RGTI

Rigetti Computing Inc.

HALAL — SCREEN DOES NOT PASSstock

Is RGTI Halal?

Superconducting quantum processors — permissible.

What You Should Know

Rigetti develops superconducting quantum processors and cloud access. Its March 31, 2026 Form 10-Q reports $650.684 million of assets, $6.783 million of operating-lease liabilities, $48.146 million of cash, $520.836 million of debt securities, $4.376 million of receivables and $4.400 million of quarterly revenue. Debt/assets is 1.04%, but liquidity/assets is 87.44% and disclosed investment income is 121.89% of quarterly revenue; the examined financial screens fail while government and dual-use end uses remain qualitative.

⚠️ Concerns

  • Liquidity/assets materially exceeds the examined limits
  • Investment income is unusually large relative to quarterly revenue
  • Pre-profit cash burn
  • Government 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.

USD · millions
Interest-bearing debt / assets
1.04%Within limit
Below 33.333% under FTSE Yasaar

6.783 / 650.684

Cash + interest-bearing securities / assets
87.44%Above limit
Below 33.333% under FTSE Yasaar

568.982 / 650.684

Receivables + cash / assets
8.07%Within limit
Below 50% under FTSE Yasaar

52.522 / 650.684

Non-compliant income / revenue
121.89%Above limit
No more than 5% under FTSE Yasaar

5.363 / 4.4

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

Liquidity/assets is 87.44%, above the examined 33.333% limit, and disclosed investment income is 121.89% of revenue; debt/assets is 1.04% and receivables-plus-cash/assets is 8.07%.

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

Liquidity/assets is 87.44%, above the examined 33.33% limit; debt/assets is 1.04% and receivables-plus-cash/assets is 8.07%.

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

Liquidity/assets is 87.44%, above the examined Malaysia 33% limit; debt/assets is 1.04%. This calculation is not an official classification.

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

Rigetti develops superconducting quantum processors and cloud access. 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

Rigetti discloses $5.363 million of investment income but does not provide a scholar-approved purification percentage or complete prohibited-activity numerator.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Rigetti Computing's March 31, 2026 Form 10-Q.
  • No conventional debt line is reported; $6.783 million of operating-lease liabilities is included conservatively.
  • Cash is $48.146 million and available-for-sale debt securities total $520.836 million across current and noncurrent balances; accounts receivable are $4.376 million.
  • Quarterly revenue is $4.400 million and disclosed investment income is $5.363 million, or 121.89% of quarterly revenue.
  • Quantum-computing technology 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.

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