Is Grab Holdings (GRAB) stock halal?
Screened against AAOIFI Shari’ah Standard 21
Not settled. Grab Holdings (GRAB) could not be confirmed either way under the AAOIFI Shari’ah Standard 21 screen. Its annual report has a product line called ‘Financial Services’ (10.3% of revenue). We couldn’t tell from the name whether it is conventional banking, lending or insurance. We show this as Needs Review rather than guess. Last checked 25 September 2026.
Grab Holdings needs further review under Halal / Islamic guidelines
AAOIFI Shari’ah Standard 21 Financial Audit
Figures from the latest annual report (the SEC filing or, for European companies, the ESEF annual report, where one exists, checked against Yahoo Finance) and a 36-month average market value.
| Test | Standard Limit | Actual Figure | Status |
|---|---|---|---|
| Main business | — | — | Pass |
| Interest-bearing debt | 30% | 13.58% | Pass |
| Cash and interest-bearing investments | 30% | 48.30% | Review |
| Prohibited income | 5% | — | Review |
| Not just cash and debts | 90% | 69.03% | Pass |
Key Findings & Observations
- Its annual report has a product line called ‘Financial Services’ (10.3% of revenue). We couldn’t tell from the name whether it is conventional banking, lending or insurance.Source: https://www.sec.gov/Archives/edgar/data/1855612/000185561226000020/
- The cash and interest-bearing investments test couldn’t be settled: The figures give 20.4% and 48.3%, on either side of the limit. Includes long-term investments that may be shares in other companies.Source: AAOIFI Shari'ah Standard 21
- The prohibited income test couldn’t be settled: The share of revenue from conventional banking, lending or insurance isn’t reported.Source: AAOIFI Shari'ah Standard 21
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Frequently Asked Questions about Grab Holdings Limited (GRAB)
Is Grab Holdings (GRAB) stock halal?▾
Not settled. Grab Holdings (GRAB) could not be confirmed either way under the AAOIFI Shari’ah Standard 21 screen. Its annual report has a product line called ‘Financial Services’ (10.3% of revenue). We couldn’t tell from the name whether it is conventional banking, lending or insurance. We show this as Needs Review rather than guess. Last checked 25 September 2026.
What is Grab Holdings's debt ratio under Islamic finance standards?▾
Under AAOIFI Shari’ah Standard 21, interest-bearing debt must stay under 30% of a company's 36-month average market value. Grab Holdings's ratio is about 13.6%.
How much dividend purification is required for Grab Holdings (GRAB) stock?▾
No purification is required for Grab Holdings based on its latest annual report.
Does Grab Holdings operate in prohibited business activities?▾
AAOIFI Shari’ah Standard 21 excludes companies whose main business is prohibited, such as alcohol, pork, gambling, conventional interest-based finance and adult entertainment. Grab Holdings's main business is checked against these. For companies that file with the US SEC, revenue by division is also read from the filing, so a division in a prohibited business is counted. Where the check cannot be settled, the result is shown as Needs Review rather than guessed.
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