UBER

Uber Technologies Inc.

HALAL — FINANCIAL SCREENS PASSstock

Is UBER Halal?

Mobility marketplace — March 2026 financial ratios pass, with delivery and downstream-use questions kept explicit.

What You Should Know

Uber's March 31, 2026 Form 10-Q shows $59,885 million of assets, $10,590 million of debt, $15,928 million of cash plus identifiable debt securities and $3,895 million of receivables. Debt/assets is 17.68%, liquidity/assets is 26.60% and receivables plus cash/assets is 15.79%.

⚠️ Concerns

  • Uber Eats can facilitate alcohol and non-halal food delivery
  • Advertising and autonomous-mobility partnerships require look-through review
  • Driver treatment, insurance, safety and data privacy

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
17.68%Within limit
Below 33.333% under FTSE Yasaar

10,590 / 59,885

Cash + interest-bearing securities / assets
26.60%Within limit
Below 33.333% under FTSE Yasaar

15,928 / 59,885

Receivables + cash / assets
15.79%Within limit
Below 50% under FTSE Yasaar

9,453 / 59,885

Non-compliant income / revenue
1.33%Within limit
No more than 5% under FTSE Yasaar

175 / 13,203

FTSE Yasaar
v4.6, February 2026
Financial
Pass
Overall
Incomplete

Debt/assets is 17.68%, liquidity/assets is 26.60%, receivables-plus-cash/assets is 15.79%, and disclosed interest income is 1.33%; financial ratios pass while delivery and downstream-use revenue remains incomplete.

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

Debt, liquidity and receivables-plus-cash are below the examined MSCI total-assets thresholds; business activity requires qualitative look-through.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
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 SAC classification.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
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

Uber operates ridesharing, taxis, delivery, advertising and other mobility technology platforms. Transportation and marketplace software are generally permissible activities.

Limitation: Uber does not provide a reproducible prohibited-revenue allocation for delivery of alcohol or non-halal food, advertising content, autonomous-mobility customers or other downstream uses.

Purification

Disclosed interest income is 1.33% of quarterly revenue, but downstream and other non-compliant income is not fully isolated. ZakatInvest does not prescribe a fixed purification percentage.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Uber's March 31, 2026 Form 10-Q.
  • Debt is the reported long-term debt carrying amount. Liquidity includes $9,837 million of available-for-sale debt securities and $533 million of short-term investments; restricted investments and equity investments are excluded.
  • Accounts receivable is the reported net balance. Interest income is $175 million for the quarter.
  • The filing does not separately disclose prohibited-business or downstream end-use revenue; rides, delivery, advertising and autonomous-mobility activities therefore remain qualitatively qualified.

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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