Is Asana, Inc. (ASAN) Halal?
Shariah Screening — 5 Standards
Based on financial data from January 2026
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 13.9% / 30% | 24.7% / 30% | 4.6% / 30% | 2.74% / 5% | ✓ HALAL |
| DJIM | 13.9% / 33% | 24.7% / 33% | 4.6% / 33% | 2.74% / 5% | ✓ HALAL |
| MSCI | 29.5% / 33% | 52.4% / 33% | 9.8% / 33% | 2.74% / 5% | ✗ NOT HALAL |
| S&P | 13.9% / 33% | 24.7% / 33% | 4.6% / 33% | 2.74% / 5% | ✓ HALAL |
| FTSE | 29.5% / 33% | 52.4% / 33% | 9.8% / 50% | 2.74% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 89.0% | |
| Operating Margin | -0.9% | |
| Net Margin | -23.9% | |
| Return on Equity (ROE) | -99.1% | |
| Return on Assets (ROA) | -11.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $90M |
| Free Cash Flow | $77M |
| Total Debt | $249M |
| Debt-to-Equity | 161.8 |
| Current Ratio | 1.2 |
| Total Assets | $844M |
Price & Trading
| Last Close | $6.18 |
| 50-Day MA | $8.19 |
| 200-Day MA | $12.41 |
| Avg Volume | 5.2M |
| Beta | 1.1 |
|
52-Week Range
$5.87
| |
About Asana, Inc. (ASAN)
Asana, Inc., together with its subsidiaries, operates a work management software platform for individuals, team leads, and executives in the United States and internationally. The company provides work management products; Asana Work Graph, a proprietary data model that maps; AI Teammates, collaborative AI agents that work like real teammates to accelerate outcomes; Asana AI Studio, is a complementary product for designing AI workflows to automate routine, structured, and repeatable processes; and Asana Gov, a secure platform designed for government agencies and regulated industries to deliver mission-critical programs. The company also offers a platform that supports project and process management, goals and business reporting, resource management, and strategic planning and portfolio management. The company uses a hybrid go-to-market approach, combining a product-led model, direct sales, and channel partners to serve customers in various industries, such as technology, retail, education, non-profit, government, healthcare, hospitality, media, manufacturing, professional services, and financial services. The company was formerly known as Smiley Abstractions, Inc. and changed its name to Asana, Inc. in July 2009. Asana, Inc. was incorporated in 2008 and is headquartered in San Francisco, California.
Purification Calculator
As a halal stock with 2.74% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Asana, Inc. (ASAN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Asana, Inc. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Asana, Inc.'s debt ratio?
Asana, Inc.'s debt ratio is 13.9% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 29.5%.
Does Asana, Inc. require dividend purification?
Yes, Asana, Inc. has an impermissible income ratio of 2.74%, which means 2.74% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Asana, Inc.'s key financial metrics?
Asana, Inc. has a market capitalization of $1.5B, and revenue of $791M. The company maintains a gross margin of 89.0% and a net margin of -23.9%. Return on equity stands at -99.1%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.