Is BRZE halal?
Braze, Inc.
Halal
Braze, Inc. passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 15 October 2026
Exchange
NASDAQ
Price
29.34
Day
-3.42%
Market cap
$3.39B
Industry
Software - Application
Sector
Technology
What the company does
Braze is a customer-engagement platform that lets brands send personalized push, email, SMS and in-app messages. Its money comes from subscriptions.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $15.26M ÷ current market cap $3.39B = 0.5%
0.5%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $409.87M ÷ current market cap $3.39B = 12.1%
12.1%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
Figures from the company's filings (2026-07-31), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict.
For information (AAOIFI 3/1 note): cash + receivables are 46.7% of total assets (2026-07-31). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Among halal stocks
- 0.01% · #659 of 1454
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 2 superinvestors · Average reported price: $21.69
- Dennis HongShawSpring Partners$13.9M6.0%
- First Eagle Investment Management$26.5M0.0%
Halal stocks in the same industry
The largest halal stocks in Software - Application — for comparison.
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Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.