MongoDB, Inc. (MDB) - Halal (Shariah-Compliant)
MongoDB, Inc. (MDB) is classified as Halal (Shariah-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 - Infrastructure
- Result
- Pass
- Reason
- The sector "Technology" and industry "Software - Infrastructure" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 0.1% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 8.1% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 3.6% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 3.60%.Based on the company's financial statements, approximately 3.60% of dividend income should be donated to charity for purification. This is derived from identified interest income (3.60% of total income). Some scholars may differ on the exact calculation method.
About MongoDB, Inc.
MongoDB, Inc., together with its subsidiaries, provides general purpose database platform worldwide. The company offers MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB. It offers professional services comprising consulting and training. The company was formerly known as 10gen, Inc. and changed its name to MongoDB, Inc. in August 2013. MongoDB, Inc. was incorporated in 2007 and is headquartered in New York, New York.
Frequently Asked Questions
Is MongoDB, Inc. (MDB) stock halal to invest in?
According to AAOIFI Shariah screening standards, MongoDB, Inc. (MDB) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Does MongoDB, Inc. have any interest income?
MongoDB, Inc.'s interest income ratio is 8.1% of total revenue. AAOIFI standards require this to be below 30%.

