SHOP — Shopify Inc.

Permissible business; historically low debt.

Why?

Shopify's core e-commerce software platform business is permissible and it has historically carried low debt with a large cash position. Ratio-based status can shift quarterly and should be verified against current filings.

How this was screened

Primary basis: Financial-ratio screen.

References

• Screened against commonly applied Islamic finance criteria (business-activity exclusions plus AAOIFI-influenced financial ratio thresholds); exact methodology varies by provider (e.g. AAOIFI, S&P/Dow Jones Islamic Market, MSCI Islamic).

As of: 2026-09-06

This is informational guidance only, not investment advice or a certified Sharia determination. Financial ratios shift every quarter — always verify current figures with a dedicated Islamic screening service or qualified financial and religious advisor before making investment decisions.