Canadian Halal Investor.

NASDAQ Shariah screener · October 2026

Is eBay Inc. (EBAY) Halal?

PASS

eBay Inc. · NASDAQ: EBAY · Consumer Discretionary

The short answer

Yes -- eBay Inc. (EBAY) passes this Shariah stock screen at all three gates. Per its own FY2025 10-K, eBay is a global commerce leader operating an online marketplace connecting buyers and sellers in more than 190 markets (nearly $80 billion GMV in 2025); revenue comes from marketplace fees, advertising, and shipping -- not conventional banking, lending, insurance, alcohol, gambling, pork, tobacco, or weapons, and its payments services run through third-party providers and partners. Gate 2 passes: $6,746M of interest-bearing debt (senior notes; no revolver borrowings, no finance leases) is about 14.22% of its ~$47.44B market cap ($105.89, latest close retrieved October 2, 2026), below the ~33% ceiling. Gate 3 passes: separately disclosed 'Interest income and other, net' of $271M is about 2.44% of its $11,100M in FY2025 net revenue, below the 5% ceiling. Third-party coverage is mixed: Musaffa classifies EBAY as 'doubtful' (October 2026); Zoya's EBAY page showed no clear current compliance status; no ShariaPortfolio page for EBAY was found -- all reported honestly. All three third-party positions were reported as found, not invented.

Gate 1 — Business activity: PASS

eBay Inc. (NASDAQ: EBAY), founded in 1995 in San Jose, California, describes its business in its FY2025 10-K as a global commerce leader whose Marketplace platforms (ebay.com, localized counterparts, off-platform marketplaces, and mobile apps) connect millions of buyers and sellers in more than 190 markets, enabling nearly $80 billion of GMV in 2025. It earns revenue primarily through fees collected on paid transactions, first-party advertising (Promoted Listings), and shipping; 2025 net revenues were $11,100M ($9,107M Marketplace, $1,993M Advertising). Business screen (factual, from the filing): eBay is not a conventional bank, lender, or insurer -- payments run through third-party providers (including a Klarna buy-now-pay-later buyer option), and 'seller capital' small-business funding is provided through partners, not eBay. None of the Gate 1 exclusions (conventional banking/lending/insurance, alcohol, gambling, pork, tobacco, weapons) is a core business. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per eBay's FY2025 10-K (fiscal year ended December 31, 2025), interest-bearing debt was $6,746M -- all senior notes ($750M current portion plus $5,996M long-term debt, per Note 9). The filing reports no outstanding borrowings under its revolving credit facility and no finance leases; operating lease liabilities ($315M) and customer accounts/funds payable are operating liabilities and are not counted as debt. Against a market cap of about $47.44B ($105.89 latest close retrieved October 2, 2026; 448 million shares outstanding per the 10-K cover), debt divided by market cap is about 14.22%, comfortably below the ~33% ceiling. Cash and cash equivalents of $1,867M are about 3.94% of market cap, or about 6.15% including $1,052M of short-term investments. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

eBay's FY2025 10-K income statement separately discloses 'Interest income and other, net' of $271M against total net revenues of $11,100M -- about 2.44% of revenue, below the 5% non-compliant income ceiling. Interest expense of $246M is an expense, not income, and is not counted toward the income screen. Gate 3 passes. Facts only.

Key figures used

Frequently asked questions

What does eBay do?

eBay Inc. (NASDAQ: EBAY), founded in 1995 and headquartered in San Jose, California, describes itself in its FY2025 10-K as a global commerce leader that connects people and builds communities to create economic opportunity for all. Its technology empowers buyers and sellers in more than 190 markets; its Marketplace platforms, including ebay.com and its localized counterparts, off-platform marketplaces, and mobile apps, form one of the world's largest online marketplaces, enabling nearly $80 billion of Gross Merchandise Volume in 2025 with about 135 million buyers worldwide. It reports two revenue types: Marketplace revenues ($9,107M in 2025, primarily fees on paid transactions) and Advertising revenues ($1,993M, first-party seller promotion and third-party ads). It is not a lender or insurer -- its payments services run through third-party providers and partners (including a Klarna buy-now-pay-later option), and its 'seller capital' small-business funding is provided through partners, not eBay itself.

Why does eBay pass this Shariah stock screen?

eBay passes all three gates. Gate 1: its core business is operating an online marketplace (fees, advertising, shipping services), not conventional banking or lending, insurance, alcohol, gambling, pork, tobacco, or weapons. Gate 2: interest-bearing debt of $6,746M is about 14.22% of its ~$47.44B market cap, well under the ~33% ceiling. Gate 3: the separately disclosed interest-type income line -- 'Interest income and other, net' of $271M -- is about 2.44% of FY2025 revenue of $11,100M, under the 5% ceiling. This is a factual screen, not a religious ruling -- consult a qualified scholar for personal rulings.

What is eBay's interest-bearing debt ratio?

Per eBay's FY2025 10-K (fiscal year ended December 31, 2025, filed February 19, 2026), interest-bearing debt was $6,746M -- entirely senior notes: $750M current portion of long-term debt plus $5,996M long-term debt per Note 9. There were no outstanding borrowings under its revolving credit facility and no finance leases in the filing, so nothing else is counted; operating lease liabilities ($315M) and customer accounts/funds payable are operating liabilities and are not counted as debt. Against a market cap of about $47.44B ($105.89 latest close retrieved October 2, 2026; 448 million shares outstanding per the 10-K cover), debt divided by market cap is about 14.22%, comfortably below the ~33% ceiling. Cash and cash equivalents of $1,867M are about 3.94% of market cap, or about 6.15% including $1,052M of short-term investments. Gate 2 passes. Facts only.

What is eBay's non-compliant income ratio?

eBay's FY2025 10-K income statement reports 'Interest income and other, net' of $271M against total net revenues of $11,100M -- about 2.44% of revenue, below the 5% non-compliant income ceiling. Separately disclosed interest expense was $246M (an expense, not income). Gate 3 passes. Note: Zoya's EBAY page cites FY2025 interest income of $198M (1.78% of revenue), slightly different from the 10-K's 'Interest income and other, net' line of $271M; both figures are under the 5% ceiling.

Do Zoya, Musaffa, or ShariaPortfolio cover eBay?

Zoya's EBAY page (zoya.finance/stocks/ebay) references eBay's FY2025 annual report but its fetched page text renders both compliant and non-compliant FAQ variants with a blank assessment date, so no clear current Zoya compliance status could be confirmed from the page text in October 2026 -- honestly reported, not invented. Musaffa covers EBAY and classifies it as 'doubtful' as of October 2026 under its AAOIFI methodology (musaffa.com/stock/EBAY/). No ShariaPortfolio screener page for EBAY was found. This page applies the screen directly from eBay's own filings and reports these positions honestly.

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).