Is DAVE halal?
Dave Inc.
Doubtful
No clear verdict is possible for Dave Inc. — data is insufficient or the case is contested in fiqh. As a precaution it is NOT included in the halal list.
Checked: 14 October 2026
Exchange
NASDAQ
Price
367.4
Day
-0.43%
Market cap
$4.47B
Industry
Software - Application
Sector
Technology
Manually identified reason
Automatic screening reads the industry label, not what's inside. This company's filings were checked by hand and a hidden prohibited activity was found:
Doubtful: paycheck advances (ExtraCash) — tip and express-fee structure resembling interest (Dave)
What the company does
Dave is a mobile banking app: ExtraCash (small paycheck advances with no interest but optional tips and express fees), accounts and debit cards (via a partner bank). Its money comes from advance fees and interchange (the structure is checked by the screener).
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
Doubtful: paycheck advances (ExtraCash) — tip and express-fee structure resembling interest (Dave)
Interest-bearing debt / market cap
limit 30%
14.8%
Pass
Cash & investments / market cap
limit 30%
14.0%
Pass
Non-compliant income / total revenue
limit 5%
0.3%
Pass
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Software - Application — for comparison.
Related articles
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- Halal investingBlogWhy does a stock's halal status change?A stock that was halal yesterday can leave the list today. The four main reasons — and why none of them is a bug.
- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
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.