The short answer
CrowdStrike is HALAL on ZakatInvest's qualitative assessment of its defensive cybersecurity core, while the current financial presentation is methodology-dependent. CrowdStrike's April 30, 2026 filing shows cash and cash equivalents, and receivables plus cash, above the examined total-assets limits. Government, defense, surveillance and active-defense use cases also require qualitative review.
This is a reproducible research screen, not a fatwa or investment recommendation. Scholars and screening providers can differ on cash-equivalent classification, financing receivables, government contracts and the treatment of dual-use cybersecurity work.
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-04-30; calculated 2026-07-13.
745.843 / 11,270.1
4,552.801 / 11,270.1
5,793.216 / 11,270.1
40.542 / 1,385.629
- Financial
- Fails
- Overall
- Fails
Debt is 6.62%, liquidity is 40.40% and receivables plus cash are 51.40%; liquidity and receivables plus cash exceed the examined FTSE asset limits. Disclosed interest income is 2.93%.
- Financial
- Fails
- Overall
- Fails
Debt is 6.62%, but liquidity is 40.40% and receivables plus cash are 51.40%, above the examined MSCI total-assets limits. This is a calculation against the named method, not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Debt is 6.62%, but liquidity is 40.40%, above the examined Malaysia SAC financial limit; receivables plus cash are also elevated. This is a calculation against SAC ratios, not an official classification of a foreign-listed security.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible historical market-cap series is not stored, so these methods are not estimated from a current spot price.
Business-activity disclosure
CrowdStrike provides cloud-native cybersecurity, endpoint protection, identity security, threat intelligence and incident-response services. Cybersecurity and protection against digital harm are generally permissible, while government, defense, surveillance and offensive-use exposure require qualitative review.
Limitation: The filing does not allocate every customer, government contract, threat-intelligence activity or downstream use into a universal prohibited-revenue numerator; no blanket zero-concern or provider-membership claim is made.
Purification
CrowdStrike discloses interest income but does not prescribe a scholar-approved purification percentage. Readers should follow the scholar or methodology they use for treatment.
Inputs, assumptions and primary sources
- Inputs use CrowdStrike's April 30, 2026 Form 10-Q: total assets $11,270.100 million and quarterly revenue $1,385.629 million.
- Debt uses the $745.843 million carrying amount of the 3.00% Senior Notes due 2029. Operating lease liabilities are not entered as conventional debt.
- Cash uses $4,552.801 million of cash and cash equivalents. The filing says this balance includes money-market funds, U.S. Treasury securities and approximately $1.4 billion of time deposits; those components are not added again as securities to avoid double counting the reported cash-equivalents total.
- Receivables use $933.887 million of accounts receivable plus $89.173 million of short-term and $217.355 million of long-term financing receivables, net.
- CrowdStrike reports $40.542 million of interest income and $6.116 million of interest expense for the quarter. The income screen uses disclosed gross interest income; no fixed purification percentage is prescribed.
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.
Current quantitative screen
The calculations above use CrowdStrike's official filing at the SEC (Q1 FY2027 Form 10-Q). Amounts are in USD millions and use total assets as the denominator.
- Interest-bearing debt / assets: 6.62%, using the carrying amount of the 3.00% Senior Notes due 2029.
- Cash and cash equivalents / assets: 40.40%. The reported cash-equivalents balance includes money-market funds, U.S. Treasuries and time deposits, without double-counting those components.
- Receivables plus cash / assets: 51.40%, including accounts receivable and net financing receivables.
- Disclosed interest income / revenue: 2.93% for the quarter; no fixed purification percentage is prescribed here.
Debt is below the examined limits, but liquidity and receivables-plus-cash are above the named FTSE, MSCI and Malaysia total-assets thresholds used in this record. Market-cap denominator methods are not calculated because ZakatInvest does not store a licensed, reproducible historical market-cap series.
What CrowdStrike does
CrowdStrike operates the Falcon cloud-native platform for endpoint, identity and cloud-workload protection, threat intelligence and incident response. The filing describes subscription access to the cloud platform and professional services such as forensic and malware analysis, attribution analysis and active defense.
Protecting people and organizations from cyber harm is generally permissible in principle. The filing does not allocate every government customer, contract, threat-intelligence activity or downstream use into a universal prohibited-revenue numerator, so the business result stays qualitative rather than claiming that every use is harmless.
Cash, debt and purification
At April 30, 2026, CrowdStrike reported $11,270.100 million of assets and $4,552.801 million of cash and cash equivalents. The filing says the cash-equivalents balance includes money-market funds, U.S. Treasury securities and approximately $1.4 billion of time deposits. Those components are retained inside the reported cash total to avoid double counting.
The company reported $745.843 million of Senior Notes and $40.542 million of interest income for the quarter. The figure is disclosed for readers who need it for their chosen purification method; ZakatInvest does not turn it into a universal percentage or instruction.
Qualitative considerations
- Government and defense: defensive security services to government or military systems can still create indirect military and surveillance exposure.
- Active defense: incident response, attribution and active-defense work should be assessed by contract and use, not by a blanket label.
- Privacy and security: endpoint telemetry, identity data, retention, access, breach response and cross-border transfers are material governance questions.
- Financial structure: financing receivables, deferred revenue, acquisitions and strategic investments need continuing review.
- People and environment: AI detection, labor, stock-based compensation and data-center energy use remain relevant diligence topics.
The halal verdict
CrowdStrike is presented as HALAL on its qualitative defensive-cybersecurity core, with a methodology-dependent financial result because cash and receivables-plus-cash exceed the examined total-assets limits. This is not an official index membership or fatwa. Revisit the record when CrowdStrike files new statements or materially changes its government, defense, active-defense or investment disclosures.
Use the quantitative screen alongside contract, government-customer, privacy and investment analysis, and consult a qualified scholar for your chosen methodology.
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