Grab Holdings Limited (GRAB) - Not Halal (Non-Compliant)
Grab Holdings Limited (GRAB) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Technology
- Industry
- Software - Application
- Result
- Pass
- Reason
- The sector "Technology" and industry "Software - Application" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 10.0% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 30.9% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 5.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 4.96%.Based on the company's financial statements, approximately 4.96% of dividend income should be donated to charity for purification. This is derived from identified interest income (4.96% of total income). Some scholars may differ on the exact calculation method.
About Grab Holdings Limited
Grab Holdings Limited operates the Grab superapp in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers delivery services on its platform, such as GrabFood, a food ordering and delivery booking service; Dine-Out for table reservations; GrabMart, a goods ordering and delivery booking service; GrabAds, an online advertising solution; GrabExpress, a package delivery booking service; Grab for Business platform, a unified management portal for corporate clients. It also provides GrabKios, a network of agents; GrabCar, which enables a private hire driver-partner to register with Grab and accept bookings through its driver-partner application; and GrabTaxi, which enables a taxi driver-partner to register with Grab and accept bookings through the Grab driver-partner application. In addition, the company offers JustGrab, which enables consumers to book a private car or a traditional taxi; GrabBike, a motorcycle ride-hailing offering; three-wheel vehicles for culturally localized modes; carpooling shared mobility options; GrabRentals, which facilitates vehicle rental for its driver-partners; GrabPay, a digital payments solution; and GrabCoins, a loyalty platform. Further, it provides GrabFin for financial services comprising digital and offline lending, PayLater services, white goods financing, receivables factoring, and working capital loans; GrabInsure, aprotection for rides and package deliveries, personal accident insurance, income protection insurance, critical illness insurance, vehicle insurance, and travel insurance; GrabLink, a payment gateway and acquiring service; Digibank Savings Account, a digital banking deposit account. Additionally, the company offers GX Bank debit cards; GXS FlexiCard, a fee-based credit card; and mapping services, autonomous vehicle services, and last-mile delivery infrastructure. Grab Holdings Limited was founded in 2012 and is headquartered in Singapore, Singapore.