Is Dave Inc./DE (DAVE) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 2.6% / 30% | 3.1% / 30% | 6.0% / 30% | 0.86% / 5% | ✓ HALAL |
| DJIM | 2.6% / 33% | 3.1% / 33% | 6.0% / 33% | 0.86% / 5% | ✓ HALAL |
| MSCI | 25.2% / 33% | 30.2% / 33% | 58.8% / 33% | 0.86% / 5% | ✗ NOT HALAL |
| S&P | 2.6% / 33% | 3.1% / 33% | 6.0% / 33% | 0.86% / 5% | ✓ HALAL |
| FTSE | 25.2% / 33% | 30.2% / 33% | 58.8% / 50% | 0.86% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 70.2% | |
| Operating Margin | 39.4% | |
| Net Margin | 35.3% | |
| Return on Equity (ROE) | 73.1% | |
| Return on Assets (ROA) | 30.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $290M |
| Free Cash Flow | $283M |
| Total Debt | $75M |
| Debt-to-Equity | 21.3 |
| Current Ratio | 3.8 |
| Total Assets | $487M |
Price & Trading
| Last Close | $179.10 |
| 50-Day MA | $189.86 |
| 200-Day MA | $210.15 |
| Avg Volume | 549K |
| Beta | 3.9 |
|
52-Week Range
$65.46
| |
About Dave Inc./DE (DAVE)
Dave Inc. provides various financial products and services through its financial services platform in the United States. It offers Budget, personal financial management tool that helps members anticipate upcoming transactions and receive notifications by utilizing historical bank account data to identify recurring charges; ExtraCash, a form of a discretionary overdraft to bridge liquidity gaps between paycheck; Side Hustle, a job application portal to find supplemental or temporary work. The company also provides Dave Checking, a digital demand deposit account. Dave Inc. was founded in 2015 and is headquartered in Los Angeles, California.
Purification Calculator
As a halal stock with 0.86% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Dave Inc./DE (DAVE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Dave Inc./DE 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 Dave Inc./DE's debt ratio?
Dave Inc./DE's debt ratio is 2.6% 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 25.2%.
Does Dave Inc./DE require dividend purification?
Yes, Dave Inc./DE has an impermissible income ratio of 0.86%, which means 0.86% 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 Dave Inc./DE's key financial metrics?
Dave Inc./DE has a market capitalization of $2.3B, trailing P/E ratio of 12.9, and revenue of $554M. The company maintains a gross margin of 70.2% and a net margin of 35.3%. Return on equity stands at 73.1%.
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.