Annotated balance sheet · halal screening

Mastercard Incorporated

The full balance sheet for MA, with the line items that feed each halal check marked and explained inline. Read it like a financial report that grades itself.

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Annotated balance sheet · halal screening

Mastercard Incorporated — Q1 2026

Source: SEC Form 10-Q filed 2026-03-31 · via FMP · USD millions · Open filing

Assets

Current Assets

Cash & cash equivalents①

$7,906

Marketable securities①

$313

Accounts receivable

$4,720

Inventories

$2,062

Other current assets

$2,858

Total current assets

$17,859

Non-current Assets

Property, plant & equipment, net②tangible

$2,349

Operating lease right-of-use assets②tangible

Long-term marketable securities①

$1,677

Goodwill

$9,525

Intangible assets, net

$5,495

Other non-current assets

$9,509

Total non-current assets

$28,555

TOTAL ASSETS

$52,449

CHECK ①

Cash + Securities Ratio

under AAOIFI

2.3%

✓ PASS

Threshold≤ 30%Buffer27.7 percentage points to spare

Breach risk

Comfortable

0%← Pass zone | Fail zone →45%

Caps how much of a company's value can be held in interest-bearing financial assets — too much suggests the business is more about earning interest than producing real goods/services.

SourceAAOIFI Shariah Standard No. 21 (Financial Papers — Shares and Bonds), §3.5.1

Liabilities

Current Liabilities

Accounts payable

$1,030

Other current liabilities

$7,490

Deferred revenue

Commercial paper③interest-bearing

Short-term debt③interest-bearing

$1,748

Total current liabilities

$10,268

Non-current Liabilities

Long-term debt③interest-bearing

$17,212

Other non-current liabilities

$5,250

Total non-current liabilities

$22,462

TOTAL LIABILITIES

$45,727

CHECK ③

Interest-bearing Debt Ratio

under AAOIFI

4.4%

✓ PASS

Threshold≤ 30%Buffer25.6 percentage points to spare

Breach risk

Comfortable

0%← Pass zone | Fail zone →45%

Caps how much of a company's value comes from interest-bearing loans. Companies that rely heavily on riba (interest-based debt) fail this check even if their business itself is permissible.

SourceAAOIFI Shariah Standard No. 21 (Financial Papers — Shares and Bonds), §3.4.2

Income Statement Excerpt (trailing 12 months)

Total revenue

$33,939

Of which:

Product & services revenue

$33,939

Interest income④non-permissible

$81

CHECK ④

Non-permissible Income Ratio

under AAOIFI

0.2%

✓ PASS

Threshold≤ 5%Buffer4.8 percentage points to spare

Breach risk

Comfortable

0%← Pass zone | Fail zone →8%

Caps what fraction of company revenue can come from non-permissible sources. If your stock passes but interest income is high, you'd 'purify' your share of that income through charity.

SourceAAOIFI Shariah Standard No. 21 (Financial Papers — Shares and Bonds), §3.6

Final verdict — under AAOIFI Standard

Not halal

Sector check passes: ✗ no

Want to verify against the primary document? Open full SEC filing

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