Is Braze, Inc. (BRZE) Halal?
Shariah Screening — 5 Standards
Based on financial data from January 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 3.5% / 30% | 20.8% / 30% | 4.1% / 30% | 3.63% / 5% | ✓ HALAL |
| DJIM | 3.5% / 33% | 20.8% / 33% | 4.1% / 33% | 3.63% / 5% | ✓ HALAL |
| MSCI | 10.0% / 33% | 59.0% / 33% | 11.7% / 33% | 3.63% / 5% | ✗ NOT HALAL |
| S&P | 3.5% / 33% | 20.8% / 33% | 4.1% / 33% | 3.63% / 5% | ✓ HALAL |
| FTSE | 10.0% / 33% | 59.0% / 33% | 11.7% / 50% | 3.63% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 67.1% | |
| Operating Margin | -13.7% | |
| Net Margin | -17.8% | |
| Return on Equity (ROE) | -23.8% | |
| Return on Assets (ROA) | -8.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $37M |
| Free Cash Flow | $20M |
| Total Debt | $87M |
| Debt-to-Equity | 13.2 |
| Current Ratio | 1.4 |
| Total Assets | $871M |
Price & Trading
| Last Close | $23.31 |
| 50-Day MA | $19.95 |
| 200-Day MA | $26.67 |
| Avg Volume | 2.8M |
| Beta | 1.1 |
|
52-Week Range
$15.26
| |
About Braze, Inc. (BRZE)
Braze, Inc. operates a customer engagement platform that provides interactions between consumers and brands worldwide. It offers Braze software development kits that automatically manage data ingestion and deliver mobile and web notifications, in-application/in-browser interstitial messages, and content cards; REST API to import or export data or to trigger workflows between Braze and brands' existing technology stacks; Partner Data Integrations, that allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; Braze Cloud Data Ingestion that offers direct connections to cloud services and data warehouses, marketing, product, and growth teams; Braze Currents to stream data in real time; and Snowflake Data Sharing to track and store data. It also provides segmentation that define reusable segments of consumers based upon attributes, events, or predictive propensity scores; segment insights, which allows customers to analyze how segments are performing relative to each other across a set of pre-selected key performance indicators; and predictive suite that allows customers to identify groups of consumers that are of critical business value. In addition, the company offers Canvas, an orchestration tool; campaigns, which allows customers; event and API triggering; marketing pressure management; and reporting and analytics, as well as content generation and quality assurance platform, content management, catalogs, templating language, connected content, and intelligent timing and channel products. Further, it provides decisioning studio; agent console; liquid assistant and AI copywriter; personalized variant; AI item recommendations; and MCP Servers. The company was formerly known as Appboy, Inc. and changed its name to Braze, Inc. in November 2017. Braze, Inc. was incorporated in 2011 and is headquartered in New York, New York.
Purification Calculator
As a halal stock with 3.63% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Braze, Inc. (BRZE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Braze, 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 Braze, Inc.'s debt ratio?
Braze, Inc.'s debt ratio is 3.5% 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 10.0%.
Does Braze, Inc. require dividend purification?
Yes, Braze, Inc. has an impermissible income ratio of 3.63%, which means 3.63% 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 Braze, Inc.'s key financial metrics?
Braze, Inc. has a market capitalization of $2.6B, and revenue of $593M. The company maintains a gross margin of 67.1% and a net margin of -17.8%. Return on equity stands at -23.8%.
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.