Can Muslims invest in NAVN?

Yes, NAVN passes all four shariah compliance screens (business activity, debt ratio, interest income, and cash/securities ratio) and is considered permissible for Muslim investors.

What shariah screening criteria were used for NAVN?

NAVN was screened using AAOIFI-based criteria: (1) Business activity — must not derive primary income from haram activities, (2) Debt-to-market-cap ratio must be ≤33%, (3) Interest income must be ≤5% of revenue, (4) Cash & interest-bearing securities must be ≤33% of market cap. NAVN passed 4 of these 4 screens.

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Is NAVN (Navan, Inc.) Halal or Haram?

Q: Is NAVN (Navan, Inc.) stock halal?

Based on our AAOIFI-standard screening, NAVN is classified as Halal. Navan passes all AAOIFI Shariah screens with comfortable margins, making it a compliant technology investment. The company maintains a reasonable debt-to-market cap ratio of 18.1% and generates zero interest-bearing income, remaining well below the strict 33% and 5% thresholds. Furthermore, its cash and securities ratio of 8.2% confirms strong overall financial compliance.

NASDAQ Global SelectTechnologySoftware - Application$3.71B2026-04-27

NAVN is Halal4/4 screens passed

Navan passes all AAOIFI Shariah screens with comfortable margins, making it a compliant technology investment. The company maintains a reasonable debt-to-market cap ratio of 18.1% and generates zero interest-bearing income, remaining well below the strict 33% and 5% thresholds. Furthermore, its cash and securities ratio of 8.2% confirms strong overall financial compliance.

Price Chart (5D)

$18.02+0.57 (+3.30%)

2026-05-072026-04-30

NAVN — Last 7 Days

Date	Open	High	Low	Close	Volume	Change
2026-05-07	18.39	18.90	17.94	18.01	3.8M	-2.07%
2026-05-06	18.20	18.47	17.41	18.30	4.8M	+0.55%
2026-05-05	18.97	18.99	18.00	18.57	3.5M	-2.11%
2026-05-04	17.47	18.70	16.83	18.34	4.3M	+4.98%
2026-05-01	17.43	18.98	17.23	18.47	3.8M	+5.97%
2026-04-30	17.15	17.55	16.89	17.49	2.5M	+1.98%
2026-04-29	16.13	17.14	16.04	17.13	2.4M	+6.20%

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Shariah Screening Details for NAVN

Business Activity

Permissible

Navan's core business of providing AI-powered travel and expense management software is completely permissible, as it does not involve any inherently haram activities or prohibited industries.

Debt / Market Cap

18.11%

Debt: $672.4MThreshold: ≤33%

Interest Income

0.00%

Interest: $0Threshold: ≤5%

Cash & Securities

8.24%

Cash: $305.8MThreshold: ≤33%

About Navan, Inc. (NAVN)

For Muslim investors, Navan currently presents a fully compliant investment opportunity, having successfully passed all four AAOIFI Shariah screens. Its core software business is entirely permissible, avoiding any prohibited sectors, and its financial structure easily clears Islamic screening thresholds.

From an Islamic finance perspective, the company's balance sheet is exceptionally clean. Navan carries a conservative debt-to-market cap ratio of 18.1% and generates exactly 0.00% of its revenue from interest income, meaning investors do not need to worry about purifying their returns from interest-based earnings.

While the stock is currently Halal, Muslim investors should monitor Navan's payment processing features going forward. It is important to ensure the company does not pivot toward interest-bearing corporate credit products or conventional lending services as its platform ecosystem expands.

CEO

Ariel Cohen

Employees

3,400

IPO Date

2025-10-30

Headquarters

Palo Alto, CA, US

Website

navan.com

NAVN Key Financial Statistics

Revenue

$536.8M

Net Income

$-181.1M

EPS (Diluted)

$-0.73

Stock Price

15.77

Beta

-9.87

52-Week Range

8.105-22.75

Total Debt

$672.4M

Total Equity

$114.2M

Current Ratio

1.53

NAVN Financial Health & Profitability

Profit Margins

Gross Margin63.8%

Operating Margin-20.1%

Net Margin-33.7%

Revenue Growth (YoY)

+33.5%

Prior year: $402.3M

Net Debt

$366.6M

Cash: $305.8M — Debt: $672.4M

R&D Spending

$102.8M

% of Revenue

19.1%

Frequently Asked Questions About NAVN

Is NAVN (Navan, Inc.) stock halal to invest in?▾

Based on our AAOIFI-standard shariah screening, NAVN is Halal and considered permissible for Muslim investors. It passed all 4 of 4 compliance screens including business activity review, debt-to-market-cap ratio (18.11% vs ≤33% threshold), interest income ratio (0.00% vs ≤5% threshold), and cash & securities ratio (8.24% vs ≤33% threshold).

What does Navan, Inc. do?▾

Navan, Inc., formerly known as TripActions, provides an AI-powered software platform that simplifies corporate travel and expense management. The company offers solutions that streamline the entire travel lifecycle, from booking and policy enforcement to payment processing and expense reconciliation for finance, HR, and travel managers. For Muslim investors, Navan currently presents a fully compliant investment opportunity, having successfully passed all four AAOIFI Shariah screens. Its core software business is entirely permissible, avoiding any prohibited sectors, and its financial structure easily clears Islamic screening thresholds. From an Islamic finance perspective, the company's balance sheet is exceptionally clean. Navan carries a conservative debt-to-market cap ratio of 18.1% and generates exactly 0.00% of its revenue from interest income, meaning investors do not need to worry about purifying their returns from interest-based earnings. While the stock is currently Halal, Muslim investors should monitor Navan's payment processing features going forward. It is important to ensure the company does not pivot toward interest-bearing corporate credit products or conventional lending services as its platform ecosystem expands. Navan, Inc. operates in the Technology sector under the Software - Application industry and is headquartered in Palo Alto, CA, US. The company is led by CEO Ariel Cohen and employs approximately 3,400 people.

What screening criteria were used for NAVN?▾

NAVN 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. NAVN passed 4 of these 4 screens.

Does NAVN require income purification?▾

NAVN has negligible interest income, so purification may not be necessary. However, it is always advisable to consult a qualified scholar regarding your specific investment situation.

When was NAVN last screened?▾

NAVN was last screened on 2026-04-27. 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.

Disclaimer

This shariah compliance assessment for NAVN (Navan, Inc.) is provided for informational purposes only and does not constitute financial, investment, or religious advice. Screening criteria are based on widely accepted AAOIFI standards, but individual scholars may differ in their opinions. Always consult with a qualified Islamic scholar and licensed financial advisor before making investment decisions. Past screening status does not guarantee future compliance. Last screened: 2026-04-27.

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Adobe Inc.

Analog Devices, Inc.