Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is Uber Technologies, Inc. (UBER) Halal?

PASS

Uber Technologies, Inc. · NYSE: UBER · Technology

The short answer

Yes — Uber Technologies (UBER) passes this Shariah stock screen. The San Francisco, California company (founded 2009) runs a platform business in three segments: Mobility (ride-hailing, FY2025 revenue $29,670M), Delivery (Uber Eats and grocery/retail ordering, FY2025 revenue $17,248M), and Freight (logistics, FY2025 revenue $5,099M) — total revenue $52,017M. Alcohol delivery is disclosed as part of the Delivery offering (including the October 2021 Drizly acquisition to expand into alcohol), but the 10-K does not quantify alcohol revenue separately, and an independent Musaffa Academy AAOIFI analysis of Q1 2025 estimated total non-halal income at 3.83% of revenue — under the 5% ceiling. The financial ratios pass comfortably: total interest-bearing debt of $12,723M (short-term debt $1,997M + long-term debt $10,726M per the Q2 2026 10-Q) is 9.18% of the ~$138.65B market cap ($67.88, October 1, 2026), below the ~33% ceiling, and FY2025 interest income of $743M is 1.43% of $52,017M revenue, below the 5% ceiling. Zoya rates UBER Shariah-compliant (September 2026); note that Musaffa’s current stock page (October 2026) disagrees and classifies UBER not halal — its older Academy analysis called it halal. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

Gate 1 — Business activity: PASS

Uber Technologies, Inc. (NYSE: UBER), founded in 2009 (incorporated as Ubercab, Inc. in July 2010; renamed in February 2011) and headquartered in San Francisco, California, operates three reportable segments: Mobility products connect consumers with drivers for rides in cars, auto rickshaws, motorbikes, minibuses or taxis (plus financial-partnership products and advertising); Delivery lets consumers discover and order from restaurants, grocery, alcohol and convenience retailers (the grocery, alcohol, convenience and retail categories are collectively called “Grocery & Retail”; Delivery also includes advertising); and Freight connects carriers with shippers via freight brokerage and transportation management. FY2025 revenue of $52,017M = Mobility $29,670M + Delivery $17,248M + Freight $5,099M (Note 13, FY2025 10-K). Business-screen implication (factual): the core business is transportation services; alcohol delivery is disclosed as part of Delivery but is not separately quantified in the filings, and the October 2021 acquisition of The Drizly Group, Inc. expanded the Delivery offering into alcohol. Musaffa Academy’s 2025 AAOIFI analysis (Q1 2025 figures) estimated total non-halal income at 3.83% of revenue, below the 5% threshold. Gate 1 passes — with the alcohol disclosure and differing third-party ratings noted for investors who want to purify or consult a scholar. Facts only.

Gate 2 — Debt and cash: PASS

Per Uber’s Q2 2026 10-Q (SEC CIK 1543151, accession 0001543151-26-000032; balance sheet as of June 30, 2026), the company carries short-term debt of $1,997M and long-term debt, net of current portion, of $10,726M — total interest-bearing debt of $12,723M. Against a market cap of about $138.65B (UBER closing price $67.88 on October 1, 2026, per stockanalysis.com, on roughly 2.04 billion shares outstanding per the 10-Q), debt ÷ market cap is 9.18% — below the ~33% ceiling. Cash, cash equivalents and short-term investments of $5,391M (cash $4,870M + short-term investments $521M) are about 3.9% of market cap. The debt gate passes. Facts only.

Gate 3 — Non-compliant income: PASS

Uber’s FY2025 10-K (accession 0001543151-26-000015) reports interest income of $743M against FY2025 total revenue of $52,017M — about 1.43% of revenue, below the 5% non-compliant income ceiling. Zoya’s own UBER page cites these same figures ($52.017B revenue, $743M interest income) and computes the same 1.43% ratio. The 10-K does not disclose alcohol-delivery revenue separately; Musaffa Academy’s 2025 AAOIFI analysis of Q1 2025 estimated total non-halal income (alcohol + interest income + investment gains in non-compliant firms) at 3.83% of revenue — also below 5%, though it is a third-party estimate, not a filing disclosure. The income gate passes. Facts only.

Key figures used

Frequently asked questions

What does Uber Technologies do?

Uber Technologies, Inc., founded in 2009 and headquartered in San Francisco, California, operates a platform business in three reportable segments: Mobility (connecting riders with drivers for rides in cars, auto rickshaws, motorbikes, minibuses and taxis, plus financial-partnership products and advertising), Delivery (Uber Eats and grocery/retail ordering — in certain markets the Delivery offering includes alcohol and convenience-store delivery, collectively called Grocery & Retail, plus advertising), and Freight (connecting carriers with shippers via freight brokerage and transportation management). FY2025 revenue was $52,017M: Mobility $29,670M, Delivery $17,248M, Freight $5,099M. Alcohol delivery is disclosed as part of Delivery but the 10-K does not quantify alcohol revenue separately; in October 2021 Uber acquired The Drizly Group, Inc. to expand its Delivery offering to alcohol.

Why does UBER pass this Shariah stock screen?

UBER passes this Shariah stock screen at all three gates. Gate 1 (business activities): the core business is transportation services — ride-hailing, food and grocery delivery, and freight logistics; alcohol is a disclosed part of the Delivery offering but is not a separately quantified segment, and an independent Musaffa Academy AAOIFI analysis of Q1 2025 estimated total non-halal income at 3.83% of revenue, under the 5% ceiling. Gate 2 (debt): total interest-bearing debt of $12,723M (short-term debt $1,997M + long-term debt $10,726M per the Q2 2026 10-Q) is 9.18% of the ~$138.65B market cap, against the ~33% ceiling. Gate 3 (interest income): FY2025 interest income of $743M is 1.43% of $52,017M revenue, under the 5% ceiling. Musaffa’s current (October 2026) rating differs — it classifies UBER not halal — while Zoya rates it Shariah-compliant; this page applies the screen directly from Uber’s own filings. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

What is UBER’s interest-bearing debt ratio?

Per Uber’s Q2 2026 10-Q (SEC CIK 1543151, accession 0001543151-26-000032; balance sheet as of June 30, 2026), short-term debt is $1,997M and long-term debt, net of current portion, is $10,726M, for total interest-bearing debt of $12,723M. Against a market cap of about $138.65B (UBER closing price $67.88 on October 1, 2026, per stockanalysis.com, on roughly 2.04 billion shares outstanding per the 10-Q), debt ÷ market cap is about 9.18% — below the ~33% ceiling. Cash, cash equivalents and short-term investments of $5,391M at June 30, 2026 are about 3.9% of market cap. The debt gate passes.

What is UBER’s non-compliant income ratio?

Uber’s FY2025 10-K (accession 0001543151-26-000015) reports interest income of $743M against FY2025 total revenue of $52,017M — about 1.43% of revenue, below the 5% non-compliant income ceiling. Zoya’s UBER page cites the same figures ($52.017B revenue, $743M interest income) and computes the same 1.43%. The 10-K does not disclose alcohol-delivery revenue separately; Musaffa Academy’s 2025 AAOIFI analysis of Q1 2025 estimated total non-halal income (alcohol + interest income + investment gains in non-compliant firms) at 3.83% of revenue — also below 5%, though it is a third-party estimate, not a filing disclosure. The income gate passes.

Do Zoya, Musaffa, or ShariaPortfolio cover UBER?

Zoya covers UBER (zoya.finance/stocks/uber) and reports it as Shariah-compliant/halal as of September 2026, citing FY2025 revenue of $52,017M and interest income of $743M (1.43%). Musaffa’s current stock page (musaffa.com/stock/UBER/) classifies UBER as NOT HALAL as of October 2026 under its AAOIFI screening; however, older Musaffa Academy articles from 2025 analysed Uber as halal with about 3.83% non-halal income — the two Musaffa sources disagree, reported as found. ShariaPortfolio: no per-ticker UBER screening page was found (it does not publish a public ticker-by-ticker compliance database). All honestly reported as found, not invented. This page applies the screen directly from Uber’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).