Is Uber Technologies Stock Halal?
Uber Technologies, Inc. · UBER · NYSE
Uber Technologies, Inc. (UBER) passes our AAOIFI-based screen. Its core business is permissible, and (data as of 2026-03-31) interest-bearing debt is 7.5% of market cap and cash plus interest-bearing securities 4.3% — both inside the 30% AAOIFI thresholds. It is independently held by Shariah-screened ETFs SPUS and HLAL, confirming it passes professional screens. Ratios move with the share price, so check the data-as-of date; any incidental interest income should be purified.
Financial data as of 2026-03-31 · Screening basis: AAOIFI · Last reviewed 2026-06-14
Our Analysis
Uber runs a platform that connects riders with drivers (Mobility), consumers with restaurants and stores (Delivery), and shippers with carriers (Freight). Its fiscal 2025 revenue of $52.0 billion is led by Mobility at roughly 57%, with Delivery near a third and Freight about a tenth. The underlying activities, transportation and delivery logistics, are permissible, so the screen turns on a few specific items rather than the model as a whole.
Two facts deserve attention. On alcohol, Uber closed the standalone Drizly app and brand in March 2024, but it did not exit alcohol delivery: Uber Eats still delivers beer, wine, and liquor where local law allows, which Uber has described as 35 U.S. states and more than 25 countries. That revenue is not separately disclosed and is a small slice of the Delivery business. On interest, Uber reported $743 million of interest income for 2025, an interest-linked item that screeners weigh against their tolerance and that investors would purify from any dividends (Uber does not currently pay one).
Despite these items, Uber is currently held by both SPUS (as of June 11, 2026) and HLAL (as of February 28, 2026), meaning it passes the financial-ratio and industry screens of both major US Shariah methodologies at those dates, with the alcohol-delivery and interest exposure apparently within their tolerances. For a Muslim investor, Uber currently screens as compliant across both funds, with the honest caveats that some impermissible exposure exists, that purification logic applies to interest income, and that status can change with the company's revenue mix and ratios.
Business Activity Screen
Uber Technologies, Inc. operates a global platform across three segments: Mobility (ride-hailing), Delivery (Uber Eats food and grocery), and Freight. Per its fiscal 2025 results (year ended December 31, 2025), total revenue was $52,017 million, with Mobility the largest segment (about 57% of revenue, roughly $29.7B), Delivery about 33% (roughly $17.3B), and Freight about 10% (roughly $5.1B).
Ride-hailing, food delivery, and freight brokerage are permissible activities. Two Shariah-relevant items: (1) Alcohol delivery: Uber shut down the standalone Drizly app and brand in March 2024, but Uber Eats continues to deliver beer, wine, and liquor where permitted (reported by Uber as operating in 35 U.S. states and 25+ countries); alcohol-delivery revenue is not separately disclosed and is a small part of Delivery. Uber Eats also delivers pork and other items. (2) Interest income: Uber reported $743 million of interest income for full-year 2025 (against $440M of interest expense), an interest-linked line measured against AAOIFI tolerance. Despite the alcohol delivery and interest income, Uber is currently held by BOTH SPUS (155,321 shares as of 2026-06-11) and HLAL (55,334 shares as of 2026-02-28), indicating it passes both major US Shariah methodologies as of those dates.
Financial Ratio Screen
| Screen | Value | AAOIFI limit | Result |
|---|---|---|---|
| Interest-bearing debt / market cap | 7.5% | < 30% | Pass |
| Cash + interest-bearing securities / market cap | 4.3% | < 30% | Pass |
| Impermissible income / total revenueInterest/investment income $743.0M on $52.02B revenue = 1.4% (FMP as-reported XBRL, investmentincomeinterest). Verify no other impermissible revenue segments in 10-K. | 1.4% | < 5% | Pass |
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 Uber Technologies screens across Shariah standards
All three mainstream bases below reach the same conclusion for this company.
| Standard | Debt | Cash & interest securities | Limit / basis | Result |
|---|---|---|---|---|
| AAOIFI (our standard) | 7.5% | 4.3% | < 30% of market cap | Pass |
| 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. | 7.5% | 4.3% | < 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. | 17.6% | 10.2% | < 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 →
Scholars' & Screeners' Positions
Published positions, cited as stated. Screeners can reach different conclusions on the same company because of ratio timing and methodology differences — we report the disagreement rather than flatten it.
Purification
Even Shariah-compliant companies typically earn a small amount of incidental interest on corporate cash. The standard practice is to purify: donate the proportion of your dividends (and, per some scholars, capital gains) attributable to impermissible income. Our purification calculator automates the math from your holding and the company's disclosed figures.
Purification calculatorKeep your portfolio halal
A pass today isn't a pass forever — ratios drift across thresholds between filings. A halal screener monitors holdings continuously.
Related guides
Consider Consulting an Islamic Scholar
Major whether Uber Technologies, Inc. is halal decisions often involve nuances that vary by scholarly opinion and personal circumstance. While HalalWallet provides educational comparisons and tools, we are not scholars or financial advisors. For personal guidance on Shariah compliance, consider speaking with a qualified Islamic scholar, your local imam, or a Shariah-certified financial advisor familiar with your situation.
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Frequently Asked Questions
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-06-01
- UBER latest quarterly filing (balance sheet 2026-03-31)
- AAOIFI Shariah Standards
- Uber Q4/Full-Year 2025 results (company IR, financials)
- Uber closes Drizly alcohol-delivery service, March 2024 (TechCrunch)
- SPUS holdings (SP Funds)
- HLAL Schedule of Investments 2026-02-28 (SEC EDGAR)
- HalalWallet Methodology
- Editorial Policy
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Editorial Team, HalalWallet
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