Canadian Halal Investor.

NASDAQ Shariah screener · October 2026

Is Docusign, Inc. (DOCU) Halal?

PASS

Docusign, Inc. · NASDAQ: DOCU · Technology

The short answer

Docusign passes all three Shariah gates: its e-signature and Intelligent Agreement Management software business has no interest-based activity, it carries $0 of interest-bearing debt, and interest income of about 1.26% of revenue is under the 5% ceiling.

Gate 1 — Business activity: PASS

Gate 1 — business activity: PASS. Docusign, Inc., per its Q2 FY2027 Form 10-Q (quarter ended July 31, 2026, filed September 2026), sells software that lets businesses prepare, sign, act on, and manage agreements electronically — the e-signature and Intelligent Agreement Management (IAM) platform, including CLM workflow automation, Insights AI agreement analysis, and industry offerings such as Rooms for Real Estate and Rooms for Mortgage.

It is a pure subscription-software business. It is not an interest-based lender and is not involved in alcohol, gambling, pork, tobacco, conventional banking or insurance, or weapons. The business passes gate 1.

Gate 2 — Debt and cash: PASS

Gate 2 — interest-bearing debt: PASS (0.0%, ceiling 33%). Docusign's Q2 FY2027 Form 10-Q balance sheet (July 31, 2026) shows no interest-bearing debt at all — liabilities consist of accounts payable, accrued expenses and compensation, contract liabilities, operating lease liabilities, deferred tax, and other liabilities. Its FY2026 Form 10-K cash-flow statement reports cash paid for interest of zero in both FY2026 and FY2025; the legacy convertible senior notes were fully repaid in FY2024.

$0 of interest-bearing debt against a market capitalization of about $12.42 billion (Finnhub, October 2, 2026, $69.74 per share) is 0.0%, far under the 33% ceiling. Cash and investments — cash and cash equivalents of $528.2 million plus current and noncurrent investments of $249.5 million and $195.4 million — total about $0.97 billion, about 7.8% of market cap.

Gate 3 — Non-compliant income: PASS

Gate 3 — non-compliant income: PASS (1.26%, ceiling 5%). Zoya's AAOIFI-based analysis of Docusign's FY2026 Form 10-K (year ended January 31, 2026) extracts pure interest income of $40,467 thousand against revenue of $3,219,500 thousand, about 1.26% — under the 5% ceiling. (The income-statement line 'interest income and other income, net' was $51,295 thousand; the pure interest-income figure is used for this gate.)

The Q2 FY2027 10-Q reports 'interest income and other income, net' of $7,924 thousand against revenue of $875,746 thousand (0.90%) for the quarter ended July 31, 2026, and $14,922 thousand against $1,705,981 thousand (0.87%) for the six months — consistent with the annual figure. The most recent annual figure (1.26%) is used for this gate.

Key figures used

Frequently asked questions

What does Docusign do?

Docusign, Inc. (NASDAQ: DOCU) is a US software company whose platform lets businesses prepare, sign, act on, and manage agreements electronically. Its core products are e-signature and Intelligent Agreement Management (IAM), including CLM for automating agreement workflows, Insights for AI-powered agreement analysis, and industry offerings such as Rooms for Real Estate and Rooms for Mortgage. Per its Q2 FY2027 Form 10-Q (quarter ended July 31, 2026, filed September 2026), the company had 186,902,452 shares of common stock outstanding as of August 31, 2026.

Is Docusign's business Shariah compliant?

Docusign's business is software - e-signature and Intelligent Agreement Management sold as subscriptions to enterprises, commercial, and small businesses. It is not an interest-based lender and is not involved in tobacco, alcohol, gambling, pork, or conventional banking or insurance. Assessed on the filed numbers, the business passes this screener's first gate.

How much interest-bearing debt does Docusign have?

Docusign carries zero interest-bearing debt. Its Q2 FY2027 Form 10-Q balance sheet (July 31, 2026) shows no debt lines at all - liabilities are accounts payable, accrued expenses and compensation, contract liabilities, operating lease liabilities, deferred tax, and other liabilities. Its FY2026 Form 10-K cash-flow statement reports cash paid for interest of zero in both FY2026 and FY2025, and the legacy convertible senior notes were fully repaid in FY2024. $0 of interest-bearing debt against a market capitalization of about $12.42 billion (Finnhub, October 2, 2026) is 0.0%, under the 33% ceiling.

How much interest income does Docusign earn?

Zoya's AAOIFI-based analysis of Docusign's FY2026 Form 10-K (year ended January 31, 2026) extracts pure interest income of $40,467 thousand against revenue of $3,219,500 thousand, about 1.26% - under the 5% non-compliant income ceiling. The Q2 FY2027 10-Q reports interest income and other income, net, of $7,924 thousand against revenue of $875,746 thousand (0.90%) for the quarter ended July 31, 2026, consistent with the annual figure.

What do third-party Shariah screeners say about Docusign?

Zoya publishes a DOCU page under its AAOIFI methodology citing FY2026 figures (revenue $3,219,500,000, interest income $40,467,000, about 1.26%), but the compliance-status text on the page renders templated variants, so its current rating could not be verified from public sources. I could not verify a Musaffa rating page for DOCU or a ShariaPortfolio rating page for DOCU from public sources. Third-party screeners apply different assumptions and update on different schedules, and their results can change when new financial statements are published - always check the latest screening before investing.

Sources

Screened 2026-10-02 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).