SUMO
ServiceNow, Inc. (SUMO legacy route)
Is SUMO Halal?
ServiceNow alias with passing known financial ratios but incomplete customer-use and acquisition-perimeter analysis.
What You Should Know
SUMO is a preserved legacy Sumo Logic route after ServiceNow's acquisition. ServiceNow's March 31, 2026 Form 10-Q reports USD 24,381 million of assets, USD 1,491 million of debt, USD 2,702 million of cash, USD 5,204 million of marketable securities, USD 1,713 million of receivables and USD 3,770 million of quarterly revenue. Debt/assets is 6.12%, liquidity/assets is 32.43%, receivables plus cash/assets is 18.11% and disclosed interest income is 2.33% of revenue. Workflow, observability and AI software are generally permissible, while public-sector, financial-services and surveillance uses remain qualitative.
⚠️ Concerns
- •General-purpose workflow, observability and AI tools have varied downstream uses
- •Government, financial-services and surveillance customer end use
- •Data privacy, security, model governance, energy and labor impacts
- •SUMO is a preserved alias for ServiceNow/NOW; the URL is unchanged
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
1,491 / 24,381
7,906 / 24,381
4,415 / 24,381
88 / 3,770
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 6.12%, liquidity/assets is 32.43%, receivables-plus-cash/assets is 18.11% and disclosed interest income is 2.33%; financial ratios pass while customer-use revenue remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt, liquidity and receivables-plus-cash are below the examined MSCI total-assets thresholds; business activity remains qualified.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and identifiable liquidity/assets are below the examined Malaysia SAC limits; this is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored, so market-cap denominator methods are not estimated from a spot price.
Business-activity disclosure
ServiceNow provides subscription workflow, IT, customer-service, security and enterprise automation software, incorporating Sumo Logic's observability capabilities. Enterprise SaaS is generally permissible, while general-purpose AI, public-sector, financial-services and surveillance uses require review.
Limitation: ServiceNow does not classify revenue by financial-services, defense, surveillance, gambling or other sensitive customer uses, and the SUMO route now represents the acquiring issuer rather than a standalone Sumo Logic security.
Purification
Disclosed interest income is 2.33% of quarterly revenue, but a complete non-compliant-income decomposition is unavailable and no fixed purification percentage is prescribed.
Inputs, assumptions and primary sources
- Amounts are USD millions from ServiceNow's March 31, 2026 Form 10-Q; SUMO is a preserved legacy Sumo Logic route after ServiceNow's acquisition.
- Debt is reported long-term debt; marketable securities are available-for-sale debt securities.
- Cash is USD 2,702 million, marketable securities are USD 5,204 million, accounts receivable is USD 1,713 million and quarterly revenue is USD 3,770 million.
- Disclosed interest income is USD 88 million, or 2.33% of quarterly revenue; the filing does not separately disclose prohibited-business or downstream end-use 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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