ROKU

Roku Inc.

DOUBTFUL — SCREEN DOES NOT PASSstock

Is ROKU Halal?

Streaming and advertising platform with material content concerns and identifiable liquidity failures.

What You Should Know

Roku's March 31, 2026 filing shows debt/assets of 0.00%, liquidity/assets of 54.68% and receivables plus cash/assets of 55.20%; gross interest income is not separately disclosed. Roku distributes streaming content, subscriptions, advertisements and devices, but its platform and ad business can monetize impermissible entertainment, adult content and prohibited campaigns.

⚠️ Concerns

  • Liquidity/assets is 54.68%, above the examined FTSE, MSCI and Malaysia limits
  • Receivables plus cash/assets is 55.20%, above the examined FTSE and MSCI limits
  • Streaming platform and channel distribution can monetize impermissible entertainment and adult content
  • Advertising can include alcohol, gambling, adult, riba-related and other prohibited campaigns
  • Gross interest income 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 / 4,352.634

Cash + interest-bearing securities / assets
54.68%Above limit
Below 33.333% under FTSE Yasaar

2,380.219 / 4,352.634

Receivables + cash / assets
55.20%Above limit
Below 50% under FTSE Yasaar

2,402.463 / 4,352.634

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

Debt/assets is 0.00%, liquidity/assets is 54.68%, receivables plus cash/assets is 55.20% and gross interest income is not separately disclosed; liquidity/assets and receivables plus cash/assets exceed the examined FTSE limits.

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

Liquidity/assets is 54.68% and receivables plus cash/assets is 55.20%, above the examined MSCI 33.33% total-assets limits; debt remains below its limit.

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

Liquidity/assets is 54.68%, above the examined Malaysia 33% limit; this is a calculation against the named ratios, not an official classification.

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

A licensed historical market-cap series is not stored; the liquidity and receivables failures are independent of the unavailable market-cap denominator.

Business-activity disclosure

Roku operates a streaming platform, advertising business, subscription services and device business. Hardware and platform infrastructure can be permissible, but content distribution, advertising, channel-store availability and customer end uses require continuing qualitative review.

Limitation: The filing does not allocate revenue into a universal prohibited-activity numerator for content category, advertising vertical, channel-store activity or downstream viewing.

Purification

Roku does not separately disclose gross interest income for the quarter; other income includes interest, strategic-investment and other items, so no scholar-approved purification percentage can be derived from this filing.

Inputs, assumptions and primary sources
  • Amounts are USD millions converted from Roku's thousands presentation in the March 31, 2026 Form 10-Q.
  • No borrowings are reported under the credit facility; operating lease liabilities are excluded.
  • Cash and cash equivalents are $1,649.877 million, including cash and money-market funds; short-term time deposits of $730.342 million are treated as interest-bearing securities.
  • Accounts receivable, net are $752.586 million and first-quarter revenue is $1,248.879 million.
  • The filing reports other income net and strategic-investment results but does not separately disclose gross interest income, and it does not allocate content or advertising revenue into 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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