Is Roadzen Inc. (RDZN) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 23.2% / 30% | 4.9% / 30% | 8.6% / 30% | 20.36% / 5% | ✗ NOT HALAL |
| DJIM | 23.2% / 33% | 4.9% / 33% | 8.6% / 33% | 20.36% / 5% | ✗ NOT HALAL |
| MSCI | 73.2% / 33% | 15.5% / 33% | 27.1% / 33% | 20.36% / 5% | ✗ NOT HALAL |
| S&P | 23.2% / 33% | 4.9% / 33% | 8.6% / 33% | 20.36% / 5% | ✗ NOT HALAL |
| FTSE | 73.2% / 33% | 15.5% / 33% | 27.1% / 50% | 20.36% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 60.9% | |
| Operating Margin | -16.5% | |
| Net Margin | -30.6% | |
| Return on Assets (ROA) | -19.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$18M |
| Free Cash Flow | -$19M |
| Total Debt | $24M |
| Current Ratio | 0.5 |
| Total Assets | $33M |
Price & Trading
| Last Close | $1.15 |
| 50-Day MA | $1.42 |
| 200-Day MA | $1.35 |
| Avg Volume | 172K |
| Beta | 0.5 |
|
52-Week Range
$0.68
| |
About Roadzen Inc. (RDZN)
Roadzen, Inc. operates an Insurtech company in India, the United States, the United Kingdom, and Europe. The company offers underwriting solutions for cars, drivers and fleets, road safety using app-based, and computer vision-based telematics, such as accident prevention, distraction alerts, and driver coaching, as well as claims management comprising accident scene management, first notice of loss (FNOL), touchless video loss adjustment, and roadside assistance (RSA). Its Insurance as a Service (IaaS) platform product includes Via that is used to inspect a vehicle using computer vision; Global Distribution Network that enables the configuration, customer quote, payment, and administration of any insurance policy with any insurance carrier as the underwriter; and xClaim which enables digital, touchless and real-time resolution of claims from FNOL through payment. It also provides StrandD for digital, real-time dispatch, and tracking for RSA and FNOL during accident claims; DrivebuddyAI that enables any vehicle to get advanced driver-assistance capabilities; MixtapeAI, a platform to power AI agents and transform customer interactions; and Good Driving which insurers and fleets to recognize and train drivers and build usage-based insurance programs. In addition, the company acts as an insurance brokers to sell insurance policies from any insurer and offer these products through multiple distribution channels. It serves insurers, automotive, insurance companies, reinsurers, agents, brokers, carmakers, dealerships, online-to-offline car sales platforms, fleets, taxicab companies, ridesharing platforms, and other distribution channels. The company was founded in 2015 and is based in Burlingame, California.
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Frequently Asked Questions
Is Roadzen Inc. (RDZN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Roadzen Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Roadzen Inc.'s debt ratio?
Roadzen Inc.'s debt ratio is 23.2% 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 73.2%.
What are Roadzen Inc.'s key financial metrics?
Roadzen Inc. has a market capitalization of $85M, and revenue of $44M. The company maintains a gross margin of 60.9% and a net margin of -30.6%.
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.