Is Block, Inc. (XYZ) stock halal?

No. Block, Inc. fails Shariah screening — see the screen table and analysis on this page for the specific business-activity or ratio reasons.

Does Block, Inc. pass the AAOIFI financial ratio screen?

As of 2026-03-31: interest-bearing debt is 19.2% of market cap (limit < 30%); cash plus interest-bearing securities is 32.5% (limit < 30%). The impermissible-income line is verified against the annual filing where noted on this page.

Is Block, Inc. held in halal ETFs like SPUS or HLAL?

No — as of our last check, Block, Inc. is not held by SPUS or HLAL. Absence can reflect a failed screen or index scope — verify current holdings before citing.

Is Block Stock Halal? Block, Inc. (XYZ) does not pass Shariah screening: cash + interest-bearing securities / market cap is 32.5% against the < 30% limit (data as of 2026-03-31). It is not held by Shariah-screened ETFs SPUS or HLAL. Screened alternatives exist in the same sector — see the halal stock screeners and ETF guides below. Reviewed 2026-06-14. Published by HalalWallet.

Is Block Stock Halal?

Q: Is Block Stock Halal?

Not Halal: Block, Inc. (XYZ) does not pass Shariah screening: cash + interest-bearing securities / market cap is 32.5% against the < 30% limit (data as of 2026-03-31). It is not held by Shariah-screened ETFs SPUS or HLAL. Screened alternatives exist in the same sector — see the halal stock screeners and ETF guides below. (Financial data as of 2026-03-31; basis: AAOIFI Shariah standards.)

Q: Is Block, Inc. held in halal ETFs like SPUS or HLAL?

No — as of our last check, Block, Inc. is not held by SPUS or HLAL. Absence can reflect a failed screen or index scope — verify current holdings before citing.

Block, Inc. · XYZ · NYSE

Not HalalNot permissible

Block, Inc. (XYZ) does not pass Shariah screening: cash + interest-bearing securities / market cap is 32.5% against the < 30% limit (data as of 2026-03-31). It is not held by Shariah-screened ETFs SPUS or HLAL. Screened alternatives exist in the same sector — see the halal stock screeners and ETF guides below.

Financial data as of 2026-03-31 · Screening basis: AAOIFI · Last reviewed 2026-06-14

HalalWallet is not a Shariah authority and does not issue religious rulings. We compile the most complete public record of what Shariah scholars, screening authorities, and mainstream standards say — reproduced from primary sources with dates and citations — and let you decide.

Do the halal screening authorities agree?

Single published source1 of 5 authorities with a published position

HalalWallet (AAOIFI)· Not halal

HalalWallet (AAOIFI) rates Block, Inc. not halal; no other recognized authority has a published position.

Stances are normalized from each authority's own dated public position. Disagreement usually reflects a methodology or standard difference (ratio timing, market-cap vs total-assets denominator), not an error. For the fund screens (Wahed/HLAL, SP Funds/SPUS), only a confirmed holding that passed the fund's screen counts as a pass — a non-holding is left blank because absence can reflect index scope.

Is Block Stock Halal?

Interest-bearing debt / market cap: 19.2% (< 30%) — Pass
Cash + interest-bearing securities / market cap: 32.5% (< 30%) — Fail
Impermissible income / total revenue: — (< 5%) — Under review
Mainstream Shariah standards disagree on this company — see the cross-standard table below.
Financial ratios sourced from filings as of 2026-03-31.

How we read the evidence

HalalWallet's editorial synthesis of the screens, scholar positions, and sources documented on this page — not a religious ruling.

Block is a hybrid: part payment processor, part consumer lender, part bitcoin brokerage. Of its $24.19 billion of 2025 revenue, the largest clean component is commerce enablement ($11.51 billion), the fees Square and Cash App earn for processing payments. The complications come from the other two categories. Financial solutions revenue ($4.18 billion) is built substantially on credit products: Square Loans for merchants, Cash App Borrow for consumers, and Afterpay's buy-now-pay-later business, and Block's segment disclosures show $230.6 million of interest revenue plus $1.34 billion of transaction, loan, and consumer receivable losses in 2025, which tells you lending is now a core engine of the business, not a sideline.

The bitcoin ecosystem line ($8.50 billion, about 35% of revenue) needs careful reading. Block recognizes the entire amount a customer pays for bitcoin as revenue and the bitcoin's cost as cost of revenue, so this is mostly pass-through volume with thin margins rather than a third of the company's economics. Whether facilitating bitcoin trading is halal is itself a question on which scholars differ, separate from the riba issues in the lending products.

Neither SPUS (June 11, 2026 holdings) nor HLAL (February 28, 2026 SEC-filed holdings) holds Block. For a Muslim investor, the combination of growing interest-bearing credit products and a large crypto brokerage operation makes this a name where screen outcomes depend heavily on methodology and on which period's mix is measured; check a live screener for the current verdict rather than assuming the payment-processing core settles the question.

Business Activity Screen

Pass

Block, Inc. operates two ecosystems, Square (merchant commerce and payments) and Cash App (consumer finance), and reports revenue in three categories per its 2025 10-K: commerce enablement ($11.51B), financial solutions ($4.18B), and bitcoin ecosystem ($8.50B), totaling $24.19 billion for 2025. Total gross profit was $10.36 billion, with Cash App contributing $6.34 billion and Square $3.94 billion.

Several lines raise Shariah questions. Financial solutions revenue ($4.18B, about 17% of revenue) includes lending-driven products: Square Loans (merchant loans), Cash App Borrow (consumer loans), and Afterpay BNPL; the 10-K segment note also discloses $230.6 million of interest revenue within segment results for 2025, and the income statement includes $1.34 billion of transaction, loan, and consumer receivable losses. Bitcoin ecosystem revenue ($8.50B, about 35% of revenue) is recognized on a gross basis when customers buy bitcoin through Cash App, with the cost of the bitcoin recorded as cost of revenue, so it is high-revenue but thin-margin pass-through; crypto permissibility itself is a separate scholarly debate. Commerce enablement (payment processing fees) is the conventional fee-based core.

Financial Ratio Screen

Screen	Value	AAOIFI limit	Result
Interest-bearing debt / market cap	19.2%	< 30%	Pass
Cash + interest-bearing securities / market cap	32.5%	< 30%	Fail
Impermissible income / total revenueNot determinative — this verdict is set by another screen / scholarly assessment, so the impermissible-income line does not change the outcome.	—	< 5%	Under verification

Spot market cap at research date (consider trailing average for borderline names). Data as of 2026-03-31 · thresholds per AAOIFI Shariah standards.

This verdict uses the AAOIFI standard — the most widely used and, at a 30% debt limit, the most conservative mainstream Shariah standard. Interest-bearing debt and interest-bearing securities each stay under 30% of market cap, and impermissible income under 5% of revenue. Other standards (Dow Jones Islamic, S&P Shariah, MSCI Islamic, FTSE Yasaar) use ~33% limits or screen against total assets, so a borderline company can be rated differently by each. How we screen & why screeners disagree →

How Block screens across Shariah standards

The standards disagree on this company. It passes some Shariah screens and fails others — which is exactly why you may see a different answer in different apps. Our headline verdict uses AAOIFI, the strictest and most widely cited mainstream standard.

Standard	Debt	Cash & interest securities	Limit / basis	Result
AAOIFI (our standard)	19.2%	32.5%	< 30% of market cap	Fail
Dow Jones Islamic / S&P Shariah thresholdDow Jones and S&P apply this limit against a trailing 24–36-month average market cap; shown here on the same point-in-time market cap for comparison.	19.2%	32.5%	< 33% of market cap	Pass
MSCI Islamic / FTSE Yasaar basisTotal-assets denominator. MSCI/FTSE also apply entry/exit buffers and a receivables screen we do not reproduce.	19.6%	33.2%	< 33.33% of total assets	Pass

HalalWallet computation reproducing each standard's threshold and denominator from public filings (balance sheet as of 2026-03-31) — not the providers' licensed index determinations, which can differ. Debt is interest-bearing borrowings (operating leases excluded). The impermissible-income screen (< 5% of revenue) is common to all of these standards and is shown in the ratio table above. Dow Jones and S&P apply their limit against a trailing 24–36-month average market cap; MSCI and FTSE add entry/exit buffers and a receivables screen. Full methodology →

These companies pass under some mainstream standards and fail under others — the same pattern as this verdict. That is why two apps can show different answers.

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