SMAR
Smartsheet Inc. (acquired; no SMAR listing)
Is SMAR Halal?
Blackstone and Vista completed Smartsheet's acquisition in January 2025 and SMAR was removed from the NYSE; cloud-collaboration analysis remains qualitative.
What You Should Know
SMAR is a preserved Smartsheet route. The acquisition completed on January 22, 2025, and the common stock was removed from the NYSE. General-purpose work-management software remains generally permissible in principle, while privacy and customer-use questions remain qualitative; no current standalone SMAR quantitative screen is applicable.
⚠️ Concerns
- •SMAR ceased trading after the January 2025 acquisition
- •General-purpose collaboration software and customer end use
- •Data privacy and workplace surveillance
- •SMAR is a preserved private-acquisition alias; the URL is unchanged
Current quantitative Sharia screen
Based on issuer-status figures for the period ended 2025-01-22; calculated 2026-07-15.
- Financial
- Not calculated
- Overall
- Not calculated
Not calculated because Smartsheet became privately held in January 2025.
- Financial
- Not calculated
- Overall
- Not calculated
No current standalone Smartsheet financial statement is available.
- Financial
- Not calculated
- Overall
- Not calculated
Not calculated for the delisted SMAR security.
- Financial
- Not calculated
- Overall
- Not calculated
SMAR has no current public-market price or market-cap series.
Business-activity disclosure
Smartsheet historically provided cloud work-management and collaboration software, generally permissible in principle. SMAR is no longer a publicly investable security.
Limitation: No current standalone public-company balance sheet, revenue statement or market-cap series is available after the acquisition.
Purification
No current standalone SMAR issuer income is available for purification.
Inputs, assumptions and primary sources
- Blackstone and Vista completed Smartsheet's acquisition on January 22, 2025; SMAR ceased trading and was removed from the NYSE.
- No private-company or parent-company figures are substituted for a standalone SMAR screen, so numerical ratios are intentionally not calculated.
- The route and existing cloud-collaboration qualitative analysis are preserved.
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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