Is TOST halal?
Toast, Inc.
Halal
Toast, 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
NYSE
Price
31.62
Day
-1.86%
Market cap
$18.22B
Industry
Software - Infrastructure
Sector
Technology
What the company does
Toast is a point-of-sale system for restaurants: ordering, payments, kitchen screens, payroll and online ordering. Most of its money comes from payment-processing fees, the rest from subscriptions; the lending (Toast Capital) share 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
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $0 ÷ 36-month average market cap $17.52B = 0.0%
0.0%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $1.71B ÷ 36-month average market cap $17.52B = 9.8%
9.8%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $51.00M ÷ annual revenue $6.15B (2025) = 0.8%
0.8%
Pass
Figures from the company's filings (2026-06-30), 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. Today's market cap: $18.22B.
For information (AAOIFI 3/1 note): cash + receivables are 58.3% of total assets (2026-06-30). 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
- 0.03% · #300 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: $27.82
- ValueAct Capital$393.2M7.0%
- Richard PzenaPzena Investment Management$304K0.0%
Halal stocks in the same industry
The largest halal stocks in Software - Infrastructure — 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.