TEAM
Atlassian Corporation
Is TEAM Halal?
Permissible SaaS software business, but the result depends on the methodology because the MSCI-style receivables-plus-cash proxy is above its limit.
What You Should Know
Atlassian Corporation develops collaboration and developer software including Jira, Confluence, Trello and Bitbucket. Its March 31, 2026 Form 10-Q reports assets of $5,650.923 million, debt of $989.081 million, cash of $1,136.342 million, accounts receivable of $907.439 million and quarterly revenue of $1,786.971 million. Debt/assets is 17.50%, liquidity/assets is 20.11%, receivables-plus-cash/assets is 36.17% and disclosed interest income/revenue is 0.70%. FTSE and Malaysia asset ratios pass, while the examined MSCI receivables-plus-cash proxy fails at 36.17%; customer end-use activity remains incomplete.
⚠️ Concerns
- •Receivables-plus-cash/assets is 36.17%, above the examined MSCI 33.33% limit
- •Convertible-debt treatment should be kept consistent across screeners
- •Quarterly interest income is $12.554 million and requires purification analysis
- •Re-screen after the next filing
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
989.081 / 5,650.923
1,136.342 / 5,650.923
2,043.781 / 5,650.923
12.554 / 1,786.971
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 17.50%, liquidity/assets is 20.11%, receivables plus cash/assets is 36.17% and interest income/revenue is 0.70%; activity remains incomplete.
- Financial
- Fails
- Overall
- Fails
Receivables plus cash/assets is 36.17%, above the examined MSCI 33.33% limit; debt/assets and liquidity/assets are below their limits.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and liquidity/assets are below 33%, and interest income/revenue is 0.70%; activity remains incomplete and this is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored; methods differ because the MSCI asset proxy fails while other known asset ratios pass.
Business-activity disclosure
Atlassian develops collaboration, project-tracking and developer software. SaaS software is generally permissible, while customer end uses require separate review.
Limitation: The filing does not provide a reproducible prohibited-revenue numerator across customer end uses.
Purification
Quarterly interest income is disclosed at $12.554 million, but no scholar-approved purification percentage is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions from Atlassian's March 31, 2026 Form 10-Q.
- Long-term debt is $989.081 million; current marketable securities are not separately reported in the extracted balance sheet.
- Quarterly revenue is $1,786.971 million and interest income is $12.554 million.
- No prohibited-activity revenue numerator is separately disclosed.
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.
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →