Is Intapp Stock (INTA) Halal? A Complete Analysis

The Short Answer

Intapp's business activity is qualitatively HALAL and its known filing-based financial ratios PASS, but the overall screen remains INCOMPLETE. Gross interest income and a universal prohibited-revenue numerator are not separately disclosed.

Developing and licensing vertical business software is generally permissible at the activity level. Serving financial-services clients does not by itself make the software impermissible, but the March 31, 2026 filing does not separately disclose gross interest income or classify customer activity into a universal prohibited-revenue numerator.

Sharia Screening Methodology

Islamic scholars use several criteria to screen stocks:

• Business activity screen: Is the company's primary business halal?
• Debt ratio: Total debt / market cap must be under 33%
• Interest income: Interest income / total revenue must be under 5%
• Haram revenue: Revenue from haram sources must be under 5%
• Receivables ratio: Total receivables / total assets must be under 49–70% (varies by board)

Intapp's Business Activity

Intapp's industry-specific cloud platform serves law firms, accounting and consulting firms, investment banks, and private-capital managers, covering:

• Client and engagement management: Intake, onboarding, and workflow
• Compliance and risk: Conflicts, ethical walls, and regulatory workflows
• Deal and relationship management: Pipeline, relationship intelligence, and time-and-billing

Developing and licensing this software is permissible at the activity level — Intapp sells software, not financial products.

Concerns to Be Aware Of

1. Financial-Services Client Base

A meaningful share of Intapp's customers are banks, asset managers, and other financial institutions. While the software product is permissible, investors who prefer minimal indirect exposure to the conventional-finance sector should be aware of this client concentration. The predominant view is that selling general-purpose software to such firms is permissible.

2. Gross Interest Income Is Unavailable

Intapp describes interest and other income from cash, foreign exchange and other items, but the filing does not provide a reproducible gross-interest figure. ZakatInvest therefore leaves the income input incomplete rather than estimating it.

3. Debt and Liquidity

The filing reports no interest-bearing debt and $146.823 million of cash against $709.140 million of assets. Debt/assets is 0.00%, liquidity/assets is 20.70%, and receivables plus cash/assets is 32.04%; these known asset-based ratios pass.

Filing-Based Ratios (March 31, 2026)

Using Intapp's latest Form 10-Q (USD millions):

• Debt / total assets: 0.00%
• Cash + securities / total assets: 20.70%
• Receivables + cash / total assets: 32.04%
• Interest income / revenue: Not separately disclosed

Methodology Interpretation

These are ZakatInvest calculations from the cited filing, not claims of current index membership or an official scholar ruling:

• FTSE-style: Known ratios pass, but gross interest income and activity remain incomplete.
• MSCI-style: Known financial ratios pass; activity and income remain incomplete.
• Malaysia-style: Known debt and liquidity ratios pass; this is not an official classification.

Bottom Line

Intapp (INTA) has a generally permissible vertical-software business and passes the known filing-based financial ratios. Because gross interest income, customer activity and a universal prohibited-revenue numerator are not fully disclosed, the overall result remains incomplete rather than a universal halal certification; investors should apply the methodology they follow.

For Muslim investors seeking software exposure, INTA sits alongside other halal-screened names like Clearwater Analytics (CWAN) and Veeva Systems (VEEV).