ZG

Zillow Group

HALAL — METHODS DIFFERstock

Is ZG Halal?

Real estate marketplace — listing platform is permissible.

What You Should Know

Zillow provides real estate listings and data. Core marketplace is permissible. Zillow's mortgage arm earns interest.

⚠️ Concerns

  • Zillow Home Loans earns interest
  • iBuying uses leverage

Current quantitative Sharia screen

Based on 10-K figures for the period ended 2025-12-31; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
6.40%Within limit
Below 33.333% under FTSE Yasaar

364 / 5,685

Cash + interest-bearing securities / assets
22.78%Within limit
Below 33.333% under FTSE Yasaar

1,295 / 5,685

Receivables + cash / assets
16.13%Within limit
Below 50% under FTSE Yasaar

917 / 5,685

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

Debt/assets is 6.40%, cash plus identifiable interest-bearing securities/assets is 22.77%, and receivables plus cash/assets is 16.12%; gross interest income is not separately disclosed.

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

Debt, liquidity and receivables-plus-cash are below the examined total-assets limits; mortgage activity remains a separate qualitative concern.

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

Debt/assets and identifiable conventional liquidity/assets are below the examined 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
Incomplete

A properly licensed and reproducible 24- or 36-month issuer market-cap history is not stored.

Business-activity disclosure

Zillow's marketplace, listings, rental advertising and brokerage technology are generally permissible services. Zillow Home Loans and mortgage-related revenue involve conventional financing and require school- and contract-specific review.

Limitation: The filing does not allocate revenue by contract-level Sharia status or separately disclose a universal prohibited-revenue numerator; mortgage revenue is disclosed but interest and fee components are not fully separated.

Purification

Other income is primarily interest income but is reported as a net aggregate; ZakatInvest does not invent a scholar-approved purification percentage.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Zillow Group's December 31, 2025 Form 10-K.
  • Debt uses $364 million of borrowings under credit facilities; lease liabilities are excluded. Cash is $768 million and short-term fixed-income investments are $527 million.
  • Accounts receivable is $149 million and total revenue is $2,583 million. Other income of $77 million consists primarily of interest income but also includes other items, so gross interest income is not inferred.
  • Zillow Group reports residential, rentals, mortgage and other revenue; the ZG alias uses the issuer's consolidated Class A/Class C filing without changing the site's ticker or URL.

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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