STNE
StoneCo Ltd.
Is STNE Halal?
Brazilian fintech — payments plus lending.
What You Should Know
StoneCo provides payment solutions and credit to Brazilian merchants. Payment processing permissible, lending products raise riba concerns. Its audited 2025 statements report R$62,296.896 million of assets, R$17,582.065 million of debt instruments, and R$15,365.512 million of total revenue and income including discontinued operations.
⚠️ Concerns
- •Merchant lending (riba)
- •Credit products
- •Receivables plus cash/assets is 78.56% under the asset screen
- •Prepayment and financial income require product-level review
Current quantitative Sharia screen
Based on 20-F figures for the period ended 2025-12-31; calculated 2026-07-14.
17,582.065 / 62,296.896
5,965.425 / 62,296.896
48,942.104 / 62,296.896
10,017.293 / 15,365.512
- Financial
- Fails
- Overall
- Fails
Debt/assets is 28.22%, liquidity/assets is 9.58%, receivables plus cash/assets is 78.56% and the conservative financial-income proxy is 65.19%; receivables and income exceed examined limits.
- Financial
- Fails
- Overall
- Fails
Receivables plus cash/assets is 78.56%, above the examined MSCI 33.33% total-assets limit; payment and lending products remain qualitative context.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and identifiable liquidity/assets are below the examined 33% financial limits, but payment, lending and prepayment revenue remains incomplete; this is not an official SAC classification.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible historical market-cap series is not stored.
Business-activity disclosure
StoneCo provides payment solutions and credit to Brazilian merchants. Payment processing is generally permissible, while merchant lending, receivables prepayment, banking and deposit products raise riba and contract-level concerns.
Limitation: StoneCo reports transaction, subscription, financial and discontinued software categories but does not provide a universal prohibited-revenue numerator for every product and fee.
Purification
Financial income is disclosed as a large mixed category and no scholar-approved purification percentage is asserted; the business screen remains product-dependent.
Inputs, assumptions and primary sources
- Amounts are Brazilian reais millions from StoneCo's audited 2025 consolidated statements.
- Debt includes institutional deposits and marketable debt securities of R$10,355.476 million and other debt instruments of R$7,226.589 million; operating leases are excluded.
- Cash is R$4,821.703 million; short- and long-term investments total R$1,143.722 million and equity investments are excluded.
- Receivables include card-issuer, trade and credit-portfolio receivables of R$44,120.401 million.
- Total revenue and income includes continuing operations of R$14,153.841 million and discontinued operations of R$1,211.671 million. Financial income of R$10,017.293 million is a conservative proxy because it includes prepayment discounts, loan interest and investment income.
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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