SNAP
Snap Inc.
Is SNAP Halal?
Content and advertising platform; March 2026 debt/assets 47.76% and liquidity/assets 38.15% exceed examined limits.
What You Should Know
Snap's March 31, 2026 Form 10-Q shows $7,501.571m assets, $3,582.723m debt, $2,861.924m cash plus debt securities, $1,187.181m receivables; debt/assets 47.76%, liquidity/assets 38.15%, income proxy 1.73% revenue.
⚠️ Concerns
- •Adult/harmful content exposure
- •Advertising category and content placement not screened
- •Youth safety, age assurance, privacy and AI governance
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
3,582.723 / 7,501.571
2,861.924 / 7,501.571
2,249.105 / 7,501.571
26.459 / 1,528.791
- Financial
- Fails
- Overall
- Fails
Debt/assets is 47.76% and liquidity/assets is 38.15%, both above examined limits; receivables-plus-cash/assets is 29.98% and disclosed interest income is 1.73%.
- Financial
- Fails
- Overall
- Fails
Debt/assets and liquidity/assets exceed the examined MSCI total-assets limits; business activity remains incomplete without a prohibited-revenue numerator.
- Financial
- Fails
- Overall
- Fails
Debt/assets and liquidity/assets exceed the examined Malaysia SAC limits. This is a calculation against SAC ratios, not an official SAC classification.
- Financial
- Not calculated
- Overall
- Not calculated
A licensed historical market-cap series is not stored, so market-cap denominator methods are not estimated from a spot price.
Business-activity disclosure
Snap operates visual messaging, camera, content, advertising and subscription products. General communications software is generally permissible, but the content platform requires qualitative review.
Limitation: Snap does not classify revenue by adult content, gambling, dating, alcohol, surveillance or other potentially sensitive content and advertiser categories.
Purification
Disclosed interest income is 1.73% of quarterly revenue, but content and advertiser revenue are not fully isolated. ZakatInvest does not prescribe a fixed purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Snap's March 31, 2026 Form 10-Q; reported dollars were converted to millions.
- Debt is long-term debt plus short-term borrowings. Marketable debt securities are treated as identifiable interest-bearing securities.
- Accounts receivable is the reported net current balance. Interest income is $26.459 million for the quarter.
- The filing states that advertising is the primary monetization channel and does not isolate prohibited-content or advertiser revenue.
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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