The short answer
Palantir (PLTR) is doubtful in this screen. Its March 2026 filing produces a failed identifiable-liquidity test under the FTSE Yasaar, MSCI total-assets and Malaysia SAC calculations shown below. Palantir reports government and commercial activity, but does not disclose enough contract or end-use detail to calculate a prohibited-revenue numerator. That makes the qualitative business conclusion incomplete rather than a quantified claim about defense revenue.
This is a research screen, not a fatwa or investment recommendation. Screening thresholds and the treatment of government, defense and software services can differ among scholars and providers.
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-13.
0 / 10,199,183
8,026,413 / 10,199,183
3,697,219 / 10,199,183
66,394 / 1,632,583
- Financial
- Fails
- Overall
- Fails
Cash plus interest-bearing securities are 78.70% of total assets, above the examined 33.333% limit. Debt is 0.00%, receivables plus cash are 36.25%, and interest income is 4.07%.
- Financial
- Fails
- Overall
- Fails
Cash plus interest-bearing securities are 78.70% and receivables plus cash are 36.25% of total assets, above the examined 33.33% limits.
- Financial
- Fails
- Overall
- Fails
Identifiable conventional liquidity is 78.70% of total assets, above the examined 33% limit.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible historical market-cap series is not stored.
Business-activity disclosure
Palantir provides software platforms and services to government and commercial customers. Data analysis and operational software can have legitimate uses, while public-sector, defense, intelligence, surveillance and high-consequence decision-support uses require separate ethical and Sharia review.
Limitation: The filing reports government and commercial segments but does not disclose a screened revenue numerator for defense, intelligence, targeting, surveillance, civilian, or other end uses.
Purification
Interest income is 4.07% of quarterly revenue, but the screened operating-revenue numerator is unavailable; this record does not prescribe a fixed purification amount.
Inputs, assumptions and primary sources
- The filing reports no outstanding debt under the revolving credit facility at March 31, 2026.
- Cash uses 2,291,631 and marketable securities use 5,734,782; the filing identifies the available-for-sale debt securities as U.S. Treasury securities.
- Accounts receivable use the reported 1,405,588 net balance.
- Revenue is 1,632,583 and separately disclosed interest income is 66,394 for the matching quarter.
- Government revenue is reported as 858,410, but the public filing does not allocate it among defense, intelligence, law enforcement, civilian, or other government end uses.
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 Palantir's official filing for the first quarter of 2026, for the period ended March 31, 2026. Amounts are in USD thousands and use total assets as the denominator so the calculation can be reproduced from the filing.
- Interest-bearing debt / assets: 0.00%. The filing reports no amount outstanding under the revolving credit facility at period end.
- Cash plus interest-bearing securities / assets: 78.70%, using cash and U.S. Treasury securities.
- Receivables plus cash / assets: 36.25%, above the 33.33% MSCI total-assets limit and below the 50% FTSE limit.
- Separately reported interest income / quarterly revenue: 4.07%. This is below the FTSE-style 5% income threshold represented here; it is not a complete purification prescription.
Market-cap-denominator methods are shown as not calculated because this site does not store a licensed, reproducible historical market-cap series for the filing date. The Malaysia SAC financial result fails its identifiable-liquidity test, while the overall business result also remains incomplete because the screened revenue numerator is unavailable.
What Palantir does
Palantir provides software platforms and services to government and commercial customers. Its products can support data integration, analysis, operations and decision-making across different environments. That description does not by itself establish a prohibited activity; the relevant question is how particular contracts, customers and end uses should be evaluated.
Qualitative considerations
Palantir reports quarterly government revenue of $858.4 million, but the filing does not allocate that amount among defense, intelligence, law enforcement, civilian, border, surveillance, targeting or other end uses. We therefore do not convert “government revenue” into a made-up defense or prohibited-revenue percentage.
- Contract and end-use evidence: military, intelligence, law-enforcement, border, surveillance, targeting and other high-consequence deployments need contract-level or credible customer-use evidence.
- AI governance: bias, accountability, human oversight, accuracy, safety, due process and misuse safeguards matter when software informs consequential decisions.
- Privacy and rights: data protection, export controls, sanctions, human rights, procurement integrity and customer governance require separate review.
- Methodological disagreement: a stricter view may distinguish decision-support for targeting or surveillance from general-purpose enterprise software; another view may require more direct evidence of the underlying use.
A new filing with contract or end-use detail, a material change in public-sector activities, or credible evidence about a specific deployment would justify a fresh qualitative review.
Bottom line
PLTR is presented as doubtful here: its current identifiable liquidity fails the examined financial methods, and public reporting leaves government and commercial end-use classification incomplete. That conclusion is narrower than saying all Palantir work is prohibited or that every screening authority reaches the same result.
If you are considering PLTR, compare this record with the methodology and scholar you follow, monitor the next filing, and do not rely on old estimates or unsupported claims about third-party screening status.
Identifiable liquidity exceeds examined limits, while contract and end-use revenue detail remains incomplete.
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