RNG
RingCentral Inc.
Is RNG Halal?
Cloud communications and collaboration platform with permissible business.
What You Should Know
RingCentral provides cloud-based business communications services including phone, video, and messaging. Core business is halal, manageable debt within Sharia screens. Its March 31, 2026 Form 10-Q reports $1,421.629 million of assets, $1,159.378 million of interest-bearing debt, $116.578 million of cash, $362.536 million of receivables and $644.199 million of quarterly revenue. Debt/assets is 81.55%, liquidity/assets is 8.20%, receivables-plus-cash/assets is 33.70%, and disclosed interest income is 0.09% of revenue; the debt screen fails across the examined asset-based methods.
⚠️ Concerns
- •Debt/assets 81.55% exceeds examined limits
- •AI-powered customer-engagement products
- •Interest expense and refinancing risk
- •Customer and regulated-industry end uses
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
1,159.378 / 1,421.629
116.578 / 1,421.629
479.114 / 1,421.629
0.6 / 644.199
- Financial
- Fails
- Overall
- Fails
Debt/assets is 81.55%, liquidity/assets is 8.20%, receivables-plus-cash/assets is 33.70% and disclosed interest income is 0.09% of revenue; debt exceeds the examined FTSE limit.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 81.55% and receivables-plus-cash/assets is 33.70%, above the examined MSCI limits; liquidity/assets is 8.20%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 81.55%, above the examined Malaysia limit; this is a calculation against SAC ratios, 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
RingCentral provides cloud communications, contact-center, video, events and AI products. The core communications activity is generally permissible, while AI, device and customer end uses require qualitative review.
Limitation: The filing does not provide a universal prohibited-activity numerator across communications products, customers and workflows.
Purification
RingCentral discloses $0.6 million of interest income, but does not provide a complete prohibited-activity numerator or scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from RingCentral's March 31, 2026 Form 10-Q.
- Interest-bearing debt is the $1,159.378 million net carrying amount of the 2030 senior notes and term loan; operating lease liabilities are excluded.
- Cash and cash equivalents are $116.578 million; the filing does not identify a separate marketable-securities balance for this screen.
- Accounts receivable are $362.536 million, quarterly revenue is $644.199 million and disclosed interest income is $0.6 million.
- Cloud communications, contact-center and collaboration services are generally permissible, but AI features, device sales and customer end uses require qualitative review.
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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