Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is ServiceNow, Inc. (NOW) Halal?

PASS

ServiceNow, Inc. · NYSE: NOW · Technology

The short answer

Yes — ServiceNow (NOW) passes this Shariah stock screen. The Santa Clara, California company provides an intelligent workflow-automation platform delivered as subscription software (IT service management, HR, customer service, field service and related workflows, with AI and machine learning) — enterprise software activity, with no haram business segments disclosed in its FY2025 10-K. The financial ratios pass comfortably: total interest-bearing debt of $7,517M on the Q2 2026 10-Q (long-term debt net $5,435M + short-term debt $2,082M) is about 5.43% of its ~$138.57B market cap (1,034M shares × $134.01, October 1, 2026), below the ~33% ceiling, and FY2025 interest income of $451M is 3.40% of $13,278M total revenue, below the 5% ceiling. Musaffa lists ServiceNow among halal MSCI World technology stocks. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

Gate 1 — Business activity: PASS

ServiceNow, Inc. (NYSE: NOW), headquartered at 2225 Lawson Lane, Santa Clara, California, provides an intelligent workflow-automation platform delivered as a service for digital businesses: IT service management, asset management, risk management, human resources, customer service and field service management applications, incorporating artificial intelligence, machine learning and robotic process automation. FY2025 revenue of $13,278M = subscription $12,883M + professional services and other $395M — essentially all enterprise software delivered via SaaS. Business-screen implication (factual): the 10-K discloses no alcohol, gambling, conventional finance, pork, weapons or tobacco revenue — no haram segments. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per ServiceNow's Q2 2026 10-Q debt note (quarter ended June 30, 2026; SEC CIK 1373715), the company carried long-term debt, net of $5,435M — senior notes of $5,500M gross ($1,500M 1.40% notes due September 2030 plus $4,000M across five series issued in May 2026, less $65M of unamortized discount and issuance costs) — and short-term debt of $2,082M ($2,100M commercial paper less $18M discount). Total interest-bearing debt is $7,517M. Against a market cap of about $138.57B (1,034,000,000 shares outstanding × $134.01, October 1, 2026, WallStreetZen), debt ÷ market cap is about 5.43% — below the ~33% ceiling. The debt gate passes. Facts only.

Gate 3 — Non-compliant income: PASS

ServiceNow's FY2025 10-K (filed January 29, 2026; SEC CIK 1373715) reports 'Interest income' of $451M against FY2025 total revenue of $13,278M — about 3.40% of revenue, below the 5% non-compliant income ceiling. This is the dedicated interest-income line from the audited consolidated income statement ('Other expense, net' of $(14)M is reported separately), and Zoya's own NOW page cites this same $451M figure and computes the same 3.40%. The income gate passes. Facts only.

Key figures used

Frequently asked questions

What does ServiceNow do?

ServiceNow, Inc., headquartered in Santa Clara, California, provides an intelligent workflow-automation platform delivered as software-as-a-service for digital businesses. Its platform covers IT service management, asset management, risk management, human resources, customer service and field service management, incorporating artificial intelligence, machine learning and robotic process automation. FY2025 revenue was $13,278M: subscription $12,883M and professional services and other $395M — essentially all enterprise software. The filings disclose no alcohol, gambling, conventional finance, pork, weapons or tobacco revenue — no haram segments.

Why does NOW pass this Shariah stock screen?

NOW passes this Shariah stock screen at all three gates. Gate 1 (business activities): enterprise workflow-automation software (subscription SaaS) — no alcohol, gambling, conventional finance, pork, weapons or tobacco revenue disclosed. Gate 2 (debt): the Q2 2026 10-Q reports total interest-bearing debt of $7,517M (long-term debt net $5,435M + short-term debt $2,082M) — about 5.43% of the ~$138.57B market cap, well below the ~33% ceiling. Gate 3 (interest income): FY2025 interest income of $451M is 3.40% of $13,278M total revenue, under the 5% ceiling. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

What is NOW's interest-bearing debt ratio?

Per the Q2 2026 10-Q debt note (quarter ended June 30, 2026; SEC CIK 1373715), ServiceNow carried long-term debt, net of $5,435M (senior notes of $5,500M gross: $1,500M 2030 notes plus $4,000M across five series issued May 2026, less $65M discount/issuance costs) and short-term debt of $2,082M ($2,100M commercial paper less $18M discount). Total interest-bearing debt is $7,517M. Against a market cap of about $138.57B (1,034M shares outstanding × $134.01, October 1, 2026, WallStreetZen), debt ÷ market cap is about 5.43% — below the ~33% ceiling. The debt gate passes.

What is NOW's non-compliant income ratio?

ServiceNow's FY2025 10-K (filed January 29, 2026; SEC CIK 1373715) reports 'Interest income' of $451M against FY2025 total revenue of $13,278M — about 3.40% of revenue, below the 5% non-compliant income ceiling. This is the dedicated interest-income line from the audited income statement (with 'Other expense, net' of $(14)M reported separately). Zoya's own NOW page cites the same $451M figure and computes the same 3.40%. The income gate passes.

Do Zoya, Musaffa, or ShariaPortfolio cover NOW?

Zoya covers NOW (zoya.finance/stocks/now) and publishes FY2025 figures of $13,278M revenue with $451M interest income (3.40%), but its public page renders contradictory auto-generated template text, so no clean single Zoya rating is retrievable — reported as inconclusive. Musaffa's Academy article on halal stocks in the MSCI World index lists ServiceNow in the halal information-technology cluster; no standalone NOW rating page on musaffa.com was found. ShariaPortfolio: no NOW assessment found (its public stock screener is powered by a third-party provider). All honestly reported as found, not invented. This page applies the screen directly from ServiceNow's own filings.

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).