Toast, Inc.

TOST stock is Shariah-compliant

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About Toast, Inc. (TOST)

Toast, Inc. operates a cloud-based and digital technology platform that offers a suite of products and services for the restaurant industry, including point-of-sale (POS) systems, online ordering and delivery management, payment processing, payroll and team management, analytics, and integration with third-party partners. The company serves restaurants in the United States and Ireland, and its products are designed to streamline operations and enhance the customer experience.

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Is Toast, Inc. (TOST) stock halal to invest in?
Yes, TOST is Shariah-compliant based on the company’s latest financial reports and therefore considered halal to invest in. Last updated on Aug 27, 2024.
No, TOST is Shariah-compliant based on the company’s latest financial reports and therefore not considered halal to invest in. Last updated on Aug 27, 2024.
TOST is flagged as Shariah-compliant in terms of Shariah compliance based on the company's latest financial reports. This means that while the company's operations do not definitively violate Islamic guidelines, there are certain aspects of Toast, Inc.'s business that require careful consideration. Last updated on Aug 27, 2024.
Does Toast, Inc. have any interest income?
Yes, Toast, Inc. does have interest income. According to the company's latest annual report for the fiscal year ending Dec 31, 2023, Toast, Inc. reported revenue of 3865000000 and interest income of 37000000. The interest income represents 0.95% of the combined total. It's worth noting that some companies may report additional interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
No, Toast, Inc. has not reported any interest income. According to the company's latest annual report for the fiscal year ending Dec 31, 2023, Toast, Inc. reported total revenue of 3865000000, with no separate interest income disclosed. However, it's worth noting that some companies may report interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
What guidelines are used to determine if Toast, Inc. stock is Shariah-compliant?
İslami Finansal Kurumlar için Muhasebe ve Denetim Organizasyonu tarafından belirlenen yönergeleri kullanıyoruz (AAOIFI) tarafından şeriata uygunluğu değerlendirmek üzere kurulmuştur. AAOIFI, Şeriat'a uygunluk değerlendirmesi yapan önde gelen uluslararası bir kuruluştur. İslami finans için standartlar. Kılavuz ilkeleri, bir şirketin ticari faaliyetlerinin ve finansal yapı İslami ilkelerle uyumludur. Bu standartlar, İslami finans sektöründe geniş çapta saygı görmektedir. ve hisse senetlerinin Şeriata uygunluğunu değerlendirmek için tutarlı bir çerçeve sağlar. diğer finansal araçlar. AAOIFI'nin Şeriat kurulunda Şeyh Muhammed gibi tanınmış akademisyenler yer almaktadır. Taqi Usmani, Şeyh AbdulSattar Abu Ghuddah ve Şeyh Abdullah AlManea.
How often is Toast, Inc. stock reviewed for Shariah compliance?
The Shariah compliance status of Toast, Inc. stock is reviewed on a regular basis, with a minimum frequency of once per quarter. However, if there are any significant changes or major developments in the company's operations that may impact its compliance, an immediate review will be conducted to ensure ongoing adherence to Shariah principles.
How can I stay updated on Toast, Inc.'s compliance status?
To stay informed, we recommend regularly checking Zoya for updates. You can also enable alerts within the Zoya app to receive notifications whenever there is a change in the Shariah compliance of TOST, or any other stocks you are monitoring. This is particularly useful as Shariah compliance can fluctuate due to changes in a company's financial ratios or business activities.
Are dividends from Toast, Inc. stock considered halal?
Yes, dividends from TOST are considered halal. However, you may need to purify a portion of the dividend if the company has any impermissible revenue. Shariah standards typically allow up to 5% of revenue from impermissible sources for a stock to remain compliant. To find the exact percentage of impermissible revenue for Toast, Inc. (TOST), check the Zoya app. For more details on the purification process, read our comprehensive guide.
No, dividends from TOST are not considered halal because the stock is currently not Shariah-compliant. When a stock is non-compliant, any dividends received from it are considered impermissible income and should be donated to charity as a form of purification. To learn more about the purification process and how to handle impermissible income, read our comprehensive guide.
Do I need to pay Zakat on my Toast, Inc. shares?
If you hold Toast, Inc. stock as an investment, through an Employee Stock Ownership Plan (ESOP), stock options, restricted stock units (RSUs), or any other form of stock ownership, and meet the Nisab threshold, you may be required to pay Zakat on it. The calculation of Zakat on stocks can be complex and depends on various factors. To help make this easy, we've created a free Zakat calculation tool. For an even easier experience, use the Zoya mobile app, where you can link your brokerage account to automatically import holdings.

How to buy Toast, Inc. (TOST) stock on Zoya

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