Is FIG (Figma, Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, FIG is classified as Doubtful. It passed 3 of 4 compliance screens. Some scholars may permit investing with income purification, while others advise avoiding it. We recommend consulting a qualified Islamic scholar before investing in FIG.

Figma, Inc. has revolutionized the digital design landscape with its browser-based interface design tool, which allows teams to collaborate in real-time. Its product suite has expanded beyond core UI/UX design to include FigJam for whiteboarding, Dev Mode for developer handoffs, and the newly introduced Figma Slides for presentations . By enabling seamless collaboration between designers and developers, Figma has become an essential utility for modern software product teams globally. For Muslim investors, Figma presents a specific challenge under AAOIFI standards, resulting in a 'Doubtful' classification . Although the company passes the business activity screen and has negligible debt, it fails the interest income screen. Specifically, the interest earned on its cash deposits accounts for 5.89% of its total revenue, which breaches the maximum allowable limit of 5%, forcing strict investors to pause until this ratio improves. From a financial health perspective, Figma is remarkably stable, holding significant cash reserves with a debt-to-market cap ratio of only 0.8%, far below the 33% limit. However, this large cash pile is a double-edged sword; because the company is cash-rich and parking funds in interest-bearing accounts, it generates non-compliant income that currently disqualifies it from many Shariah portfolios. Investors should monitor quarterly reports to see if revenue growth outpaces interest income, potentially bringing this ratio back under the 5% threshold . Figma, Inc. operates in the Technology sector under the Software - Application industry and is headquartered in San Francisco, CA, US. The company is led by CEO Dylan Field and employs approximately 1,646 people.

FIG was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. FIG passed 3 of these 4 screens.

FIG was last screened on 2026-02-25. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.