The short answer
DoorDash is DOUBTFUL in ZakatInvest's qualitative classification, while its current financial presentation passes the examined total-assets ratios. Food delivery and local-commerce logistics may be permissible, but the DoorDash, Wolt and Deliveroo marketplaces include alcohol and other products whose permissibility and degree of facilitation differ across schools and scholars.
This is a reproducible research screen, not a fatwa or investment recommendation. The filing does not support a precise alcohol-revenue percentage, so we do not repeat the old unsupported 5–15% estimate.
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-13.
2,725 / 19,711
6,382 / 19,711
5,609 / 19,711
34 / 4,036
- Financial
- Pass
- Overall
- Incomplete
Debt is 13.82%, liquidity is 32.38%, receivables plus cash are 28.46% and disclosed interest income is 0.84%; the examined financial ratios pass, while the mixed marketplace business remains qualitatively incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt is 13.82%, liquidity is 32.38% and receivables plus cash are 28.46%, below the examined MSCI total-assets limits. This is a calculation against the named method, not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Debt is 13.82% and liquidity is 32.38%, below the examined Malaysia SAC financial limits. This is a calculation against SAC ratios, not an official classification of a U.S.-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
DoorDash, Wolt and Deliveroo operate local-commerce marketplaces, delivery logistics and merchant commerce tools. Food, grocery and general logistics can be permissible, but marketplace and delivery activity includes alcohol and other products whose treatment differs across schools and scholars.
Limitation: The filing does not allocate revenue by alcohol, non-halal food, gambling-venue, advertising or other screened order category into a universal prohibited-revenue numerator; no unsupported 5–15% alcohol estimate is repeated.
Purification
DoorDash discloses interest income but does not prescribe a scholar-approved purification percentage. Readers should follow the qualified scholar or methodology they use rather than applying an invented fixed rate.
Inputs, assumptions and primary sources
- Inputs use DoorDash's March 31, 2026 Form 10-Q; the filing presents amounts in USD millions.
- Debt uses $2,725 million of convertible notes, net. Operating lease liabilities are not entered as conventional debt.
- Cash uses $4,575 million of cash and cash equivalents. Short-term investments of $958 million and long-term investments of $849 million are entered separately as interest-bearing securities; funds held at payment processors are not added to company liquidity.
- Receivables use $1,034 million of accounts receivable, net. Funds held at payment processors are not treated as receivables.
- Quarterly revenue is $4,036 million and disclosed interest income, net is $34 million. 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 use DoorDash's official filing at the SEC (Q1 2026 Form 10-Q). Amounts are in USD millions and use total assets as the denominator.
- Interest-bearing debt / assets: 13.82%, using convertible notes net of issuance costs.
- Cash plus investments / assets: 32.38%, using cash, short-term investments and long-term investments.
- Receivables plus cash / assets: 28.46%, using accounts receivable and cash.
- Disclosed interest income / revenue: 0.84% for the quarter. No fixed purification percentage is prescribed here.
The examined FTSE, MSCI and Malaysia total-assets financial ratios pass. Market-cap denominator methods are not calculated because ZakatInvest does not store a licensed, reproducible historical market-cap series.
What DoorDash does
DoorDash, Wolt and Deliveroo operate local-commerce marketplaces, delivery logistics and merchant commerce tools in more than 40 countries. The filing describes restaurant, grocery, convenience, advertising, memberships, white-label delivery, online ordering, reservations and other merchant services.
Food and general delivery are generally permissible forms of commerce. But the marketplace is mixed: alcohol and other products a reader may consider impermissible can be listed, promoted and delivered. The filing does not allocate revenue by product category into a universal prohibited-revenue numerator.
Alcohol and mixed-product activity
Alcohol availability and delivery can raise direct-facilitation concerns under a stricter Sharia analysis. DoorDash also serves merchants selling pork, non-halal meat and other products. Some scholars may treat the platform as neutral logistics; others may consider intentional listing, promotion or delivery of prohibited goods material. The appropriate conclusion depends on the contract, revenue attribution and school-specific principle—not an invented percentage.
DoorDash reported $19,711 million of assets, $4,575 million of cash and $1,807 million of investments at March 31, 2026. It disclosed $34 million of interest income, but does not prescribe a scholar-approved purification percentage; readers should follow their qualified scholar or methodology.
Qualitative considerations
- Alcohol: availability, promotion and delivery can be assessed differently from ordinary food logistics.
- Non-halal food: restaurants and convenience merchants may sell pork, non-halal meat and other products.
- Marketplace advertising: ads, promotions and merchant tools can place the platform around mixed commercial activity.
- Global expansion: Wolt and Deliveroo broaden geographic and product mix, making a single percentage difficult to reproduce.
- Operations: worker classification, tips, insurance, privacy, consumer protection and acquisitions remain material diligence topics.
The doubtful verdict
DoorDash remains DOUBTFUL in ZakatInvest's qualitative classification, despite passing the current examined financial ratios. The result is not an official index membership or fatwa. Revisit the record when DoorDash files new statements or materially changes its alcohol, grocery, advertising, marketplace or delivery disclosures.
Use the quantitative screen alongside your school's principles and consult a qualified scholar before investing.
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