Is Fiserv, Inc. (FISV) stock halal?

Fiserv, Inc. is not considered halal under the mainstream standards. HalalGauge screens FISV under AAOIFI, Mufti Taqi Usmani, S&P DJIM, Ja'fari and the strict view, citing every threshold to its primary source.

Is FISV halal under Mufti Taqi Usmani?

Under Mufti Taqi Usmani's methodology, FISV is not halal. Interest-bearing debt / market cap 100.3% (limit 30%); Illiquid (tangible) assets / total assets 4.0% (limit 20%)

FISV · Technology

Fiserv, Inc.

Is Fiserv, Inc. (FISV) halal?

Fiserv, Inc. is not considered halal under the mainstream standards. Below is the verdict under each of the five mainstream scholarly standards, with the deciding numbers and the source behind every threshold.

FISV verdict by standard · 0 halal · 3 borderline · 2 not halal

AAOIFI Standard
Interest-bearing debt / market cap 100.3% (limit 30%)
Borderline
Mufti Taqi Usmani (stricter Hanafi)
Interest-bearing debt / market cap 100.3% (limit 30%); Illiquid (tangible) assets / total assets 4.0% (limit 20%)
Not halal
Dow Jones Islamic Market
Interest-bearing debt / market cap 100.3% (limit 33%)
Borderline
Ja'fari (Sistani-aligned)
Interest-bearing debt / market cap 100.3% (limit 33%)
Borderline
Strict / zero-tolerance
Impermissible income / revenue 0.1% (limit 0%); Interest-bearing debt / market cap 100.3% (limit 0%); Cash + interest-bearing securities / market cap 2.8% (limit 0%)
Not halal

The numbers behind the verdict

Interest-bearing debt / market cap: 100.3%
Cash + securities / market cap: 2.8%
Receivables / market cap: 14.2%
Impermissible income / revenue: 0.1%
Illiquid (tangible) assets / total: 4.0%

Thresholds and methodology differ by scholar — e.g. AAOIFI caps interest-bearing debt at 30% of market cap, DJIM at 33%, and Mufti Taqi additionally requires tangible assets to be at least 20% of total assets. That's why two screeners can disagree on the same stock.

Screen FISV interactively See the full balance sheet How the methodologies work

Sources

AAOIFI: AAOIFI Shariah Standard No. 21 (Financial Papers — Shares and Bonds)
Mufti Taqi: Mufti Taqi Usmani — published equity-screening rulings (illiquid-asset rule)
DJIM: S&P Dow Jones Islamic Market Indices — Index Methodology (Shariah Screening)
Ja'fari: Ayatollah Sistani — Code of Practice (sistani.org)
Strict: Minority scholars holding zero-tolerance on riba exposure
Financials: Q1 2026 filing

Other Technology tickers

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HalalGauge surfaces published scholarly methodologies with full sourcing; it does not issue fatwa or certify any security as halal. Verify with a qualified scholar before investing.