FRSH

Freshworks Inc.

HALAL

Score: 85/100

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Is FRSH Halal?

Cloud customer-experience and IT-service software with a net-cash balance sheet — a permissible SaaS business.

What You Should Know

Freshworks Inc. provides cloud-based customer-service, CRM, and IT-service-management software for businesses, earning recurring subscription revenue. Selling productivity and service software is a permissible activity with no haram revenue line, and Freshworks carries essentially no debt while holding a large net-cash position, so it comfortably passes the debt screen. The only routine caveat is interest income earned on its sizable cash balance, which should be confirmed against the 5% threshold and the corresponding small portion of returns purified.

⚠️ Concerns

•Interest income on its large cash balance should be confirmed against the 5% threshold and the corresponding portion of returns purified
•As a younger SaaS company, re-screen the financial ratios periodically against the latest filings