Canadian Halal Investor.

NASDAQ Shariah screener · October 2026

Is Intuit Inc. (INTU) Halal?

FAIL

Intuit Inc. · NASDAQ: INTU · Technology

The short answer

No - Intuit Inc. (INTU) fails this Shariah stock screen at Gate 1 (business activity), while its two financial gates pass. Intuit, headquartered in Mountain View, California, is a financial technology platform reporting two segments: Global Business Solutions ($12,864M, 60% of FY2026 revenue - QuickBooks, Intuit Enterprise Suite, Intuit Accountant Suite, Mailchimp, merchant payments, and QuickBooks Capital financing) and Consumer ($8,584M, 40% - TurboTax, Credit Karma, ProTax). Credit Karma is a personal finance marketplace whose offerings include personalized recommendations for credit card, home, auto, and personal loan, and insurance products; the company also offers financing through an originating bank partner or the QuickBooks Capital Marketplace, plus checking and savings accounts through an FDIC-member bank partner. Musaffa classifies INTU as NOT HALAL (September 2026, AAOIFI methodology). Financially it passes: total debt of $7,669M is about 10.15% of its ~$75.57B market cap (267,236,000 shares x $282.78, October 1, 2026), below the ~33% ceiling, and interest income of $180M is about 0.84% of FY2026 revenue ($21,448M), below the 5% ceiling. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

Gate 1 — Business activity: FAIL

Intuit Inc. (NASDAQ: INTU), headquartered in Mountain View, California (incorporated in California in March 1984, reincorporated in Delaware, IPO March 1993), reports two segments per its FY2026 10-K (filed September 9, 2026, period ended July 31, 2026): Global Business Solutions ($12,864M, 60% of total net revenue - QuickBooks, Intuit Enterprise Suite, Intuit Accountant Suite, Mailchimp, merchant payment processing, and financing for small and mid-market businesses via QuickBooks Capital) and Consumer ($8,584M, 40% - TurboTax tax preparation, Credit Karma, and ProTax professional tax software including Lacerte and ProSeries). The Credit Karma offering is a personal finance solution whose offerings include personalized recommendations for credit card, home, auto, and personal loan, and insurance products; Credit Karma revenue grew 20% to $2.6B in FY2026. QuickBooks Capital lets customers use their data to qualify for and borrow capital via an originating bank partner or partners on the QuickBooks Capital Marketplace (QuickBooks Capital revenue rose $177M in FY2026 on increased loan volume; cost of revenue up $115M on loan volume). The company also offers checking accounts through an FDIC-member bank partner and Credit Karma Money branded savings and checking accounts through an FDIC-member bank partner. Business-screen implication (factual): a material part of the business facilitates conventional interest-based financial products (credit cards, consumer loans, insurance) and bank-partner lending. Musaffa, using AAOIFI methodology, classifies INTU as not halal (September 2026). Gate 1 fails. Facts only.

Gate 2 — Debt and cash: PASS

Per Intuit's FY2026 Form 10-K balance sheet (July 31, 2026), total interest-bearing debt was $7,669M - short-term debt $1,249M + long-term debt $6,420M. Against a market cap of about $75.57B (267,236,000 shares outstanding as of August 31, 2026 x $282.78, October 1, 2026, per Finnhub), debt / market cap is about 10.15% - below the ~33% ceiling. Cash and cash equivalents of $4,705M plus investments of $2,495M ($7,200M total) is about 9.53% of market cap. The Q1 FY2027 10-Q is not yet due (FY2026 ended July 31, 2026), so the 10-K is the most recent filing. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

Intuit's FY2026 Form 10-K reports interest income of $180M in the 'Interest and other income, net' section (earned on cash equivalents and investments; cash equivalents and investments totaled $5.7B at July 31, 2026) against FY2026 total net revenue of $21,448M - about 0.84% of revenue, below the 5% non-compliant income ceiling. The 10-K also states that interest revenue earned on loans originated or purchased and held for investment (notes receivable of $1,468M held for investment and $179M held for sale; consumer loans $94M net) is recorded in service revenue but was not material for any period presented. Line used: the MD&A 'Interest income' table and revenue-recognition note disclosures. Gate 3 passes. Facts only.

Key figures used

Frequently asked questions

What does Intuit do?

Intuit Inc. (NASDAQ: INTU), headquartered in Mountain View, California, is a financial technology platform serving about 93 million consumers, small and mid-market businesses, and accountants. It reports two segments in its FY2026 10-K (period ended July 31, 2026, filed September 9, 2026): Global Business Solutions ($12,864M, 60% of revenue - QuickBooks, Intuit Enterprise Suite, Intuit Accountant Suite, Mailchimp, merchant payment processing, and QuickBooks Capital financing) and Consumer ($8,584M, 40% - TurboTax tax preparation, Credit Karma, and ProTax professional tax software including Lacerte and ProSeries). Credit Karma is a personal finance marketplace offering personalized recommendations for credit card, home, auto, and personal loan, and insurance products, with revenue of $2.6B in FY2026 (+20%).

Why does Intuit fail this Shariah stock screen?

Intuit fails at Gate 1 (business activity). Its Credit Karma marketplace recommends conventional interest-based financial products (credit cards, home, auto, and personal loans) and insurance, and QuickBooks Capital provides financing via an originating bank partner or marketplace partners; the company also offers bank-partner checking and savings accounts. Musaffa classifies INTU as NOT HALAL (September 2026, AAOIFI methodology). Gates 2 and 3 pass: total debt of $7,669M is about 10.15% of its ~$75.57B market cap (below the ~33% ceiling), and interest income of $180M is about 0.84% of FY2026 revenue ($21,448M) (below the 5% ceiling). Result: FAIL. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

What is Intuit's interest-bearing debt ratio?

Per Intuit's FY2026 Form 10-K balance sheet (July 31, 2026), total interest-bearing debt was $7,669M - short-term debt $1,249M + long-term debt $6,420M. Against a market cap of about $75.57B (267,236,000 shares outstanding as of August 31, 2026 x $282.78, October 1, 2026, per Finnhub), debt / market cap is about 10.15% - below the ~33% ceiling. Cash and cash equivalents of $4,705M plus investments of $2,495M ($7,200M total) is about 9.53% of market cap. Facts only.

What is Intuit's non-compliant income ratio?

Intuit's FY2026 Form 10-K reports interest income of $180M (earned on cash equivalents and investments; total $5.7B at July 31, 2026) against FY2026 total net revenue of $21,448M - about 0.84% of revenue, below the 5% non-compliant income ceiling. Line used: the MD&A 'Interest income' table. Interest revenue on the company's loan portfolio (notes receivable $1,468M held for investment, $179M held for sale; consumer loans $94M net) is included in service revenue but the 10-K states it was not material for any period presented. Facts only.

Do Zoya, Musaffa, or ShariaPortfolio cover Intuit?

Musaffa covers Intuit at musaffa.com/stock/INTU/ and classifies INTU as NOT HALAL (September 2026, AAOIFI methodology); its NASDAQ-100 list also marks INTU as 'Not Halal'. Zoya covers Intuit at zoya.finance/stocks/intu, but its public page renders contradictory auto-generated template text (simultaneously calling INTU Shariah-compliant and not Shariah-compliant) and cites $0 interest income against the 10-K's $180M, so no clean Zoya rating is retrievable without the app - honestly reported as inconclusive. ShariaPortfolio: no INTU-specific entry found. This page applies the screen directly from Intuit's own SEC filings, and reports the third-party positions honestly as found, not invented.

Sources

Screened 2026-10-01 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).