SOUN

SoundHound AI Inc.

DOUBTFUL — SCREEN DOES NOT PASSstock

Is SOUN Halal?

Voice-AI software is generally permissible, but the latest liquidity screen is just above the examined limits.

What You Should Know

SoundHound AI's March 31, 2026 filing reports 0.04% finance-lease debt/assets, 33.44% identifiable liquidity/assets and 48.46% receivables-plus-cash/assets. Interest income is 1.657 million, or 3.75% of quarterly revenue. Automotive, restaurant and enterprise workflows remain qualitative.

⚠️ Concerns

  • Liquidity/assets is 33.44%, just above the examined 33% limits
  • Restaurant and food-ordering workflows can involve non-halal merchants
  • Customer end use is not contract-level disclosed
  • Pre-profitability and acquisition integration risk

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
0.04%Within limit
Below 33.333% under FTSE Yasaar

0.289 / 644.951

Cash + interest-bearing securities / assets
33.44%Above limit
Below 33.333% under FTSE Yasaar

215.642 / 644.951

Receivables + cash / assets
48.46%Within limit
Below 50% under FTSE Yasaar

312.529 / 644.951

Non-compliant income / revenue
3.75%Within limit
No more than 5% under FTSE Yasaar

1.657 / 44.195

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

Debt/assets is 0.04%, liquidity/assets is 33.44% and receivables plus cash/assets is 48.46%; liquidity is just above the examined 33.333% limit, while disclosed interest income/revenue is 3.75%.

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

Liquidity/assets is 33.44%, above the examined MSCI 33.33% total-assets limit; debt/assets is 0.04% and receivables plus cash/assets is 48.46%. This is not an index-membership claim.

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

Identifiable liquidity/assets is 33.44%, above the examined Malaysia SAC 33% financial limit; debt/assets is 0.04%. This is a calculation against SAC ratios, not an official classification.

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

A properly licensed reproducible 24- or 36-month market-cap history is not stored; a spot estimate is not substituted.

Business-activity disclosure

SoundHound develops voice-AI software, subscriptions and royalties for automotive, restaurant, consumer-electronics and enterprise customers. General-purpose AI software is generally permissible, while customer end use, advertising and restaurant workflows require qualitative review.

Limitation: The filing does not classify every customer workflow or monetization stream under a universal Sharia taxonomy.

Purification

Interest income of 1.657 million is disclosed, but ZakatInvest does not prescribe a fixed scholar-approved purification percentage.

Inputs, assumptions and primary sources
  • Amounts are USD millions from SoundHound AI's March 31, 2026 Form 10-Q.
  • Interest-bearing debt is the 0.289 finance-lease liability; the filing says prior convertible notes and term debt were repaid.
  • Cash and cash equivalents are 215.642; no separate marketable-securities line is reported.
  • Accounts receivable includes accounts receivable plus current and non-current contract assets and unbilled receivables (96.887).
  • Quarterly revenue is 44.195 and interest income is 1.657; customer categories and monetization revenue are not allocated to a universal prohibited-revenue 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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