The Short Answer
NICE is generally halal on the disclosed business and financial information, subject to the incomplete activity disclosure noted below. Its core products are cloud contact-center, customer-experience, workforce and compliance software rather than financial products.
Current quantitative Sharia screen
Based on 20-F figures for the period ended 2025-12-31; calculated 2026-07-13.
0 / 5,106.03
417.398 / 5,106.03
1,117.342 / 5,106.03
22.025 / 2,945.4
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 0.00%, liquidity/assets 8.17%, receivables plus cash/assets 21.89% and interest income/revenue is 0.75%; the activity numerator remains undisclosed.
- Financial
- Pass
- Overall
- Incomplete
Debt, liquidity and receivables-plus-cash ratios are below the examined MSCI limits; business activity remains separately disclosed as incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and liquidity/assets are below the examined Malaysia SAC limits; no universal prohibited-revenue numerator is asserted.
- Financial
- Not calculated
- Overall
- Incomplete
No licensed historical market-cap series is stored.
Business-activity disclosure
NICE provides enterprise cloud contact-center, customer-experience, analytics, workforce-engagement and financial-crime compliance software. These are generally permissible technology activities, although downstream customer use is not fully separable.
Limitation: The filing does not allocate revenue into a universal prohibited-activity numerator across customer industries or downstream uses.
Purification
NICE discloses $22.025 million of interest income; ZakatInvest does not prescribe a fixed scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from NICE's December 31, 2025 Form 20-F.
- Cash is $379.388 million, short-term investments are $38.010 million, trade receivables are $737.954 million and total assets are $5,106.030 million.
- The company reported $2,945.4 million of 2025 revenue and $22.025 million of interest income.
- NICE provides cloud contact-center, customer-experience, analytics, workforce and financial-crime compliance software; the filing does not allocate a universal prohibited-revenue numerator.
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.
Business activity
NICE sells CXone contact-center services, analytics, workforce-engagement tools, AI automation and Actimize financial-crime and compliance software. Compliance technology is generally treated as permissible enterprise software, although customer industries and downstream use are mixed.
Income and purification
The 2025 filing discloses interest income. ZakatInvest shows that input transparently but does not prescribe a fixed scholar-approved purification percentage. Review the latest interim filing before investing.
Bottom line
NICE is generally halal under the current screen. The ratios pass the named asset-based tests; the remaining question is how a scholar treats mixed customer use and future disclosures.