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Halal screening by industry

Halal Software - Application stocks

There are 221 listed US companies in Software - Application: 115 of them (52%) pass AAOIFI screening, 92 are not halal, 9 are doubtful and 5 lack enough data. The industry belongs to the Technology sector.

Companies in this industry — screening result

  • Halal115 · 52%
  • Not halal92 · 42%
  • Doubtful9 · 4%
  • Not enough data5 · 2%

221 listed companies in total

Not halal — by reason

92 companies are currently not halal. One company can fail for several reasons; the interest-income test only applies once the debt and cash ratios pass.

  • Cash & investments ≥ 30%56 · 61%
  • Interest-bearing debt ≥ 30% (of market cap)40 · 43%
  • Interest (non-compliant) income ≥ 5%13 · 14%
  • Prohibited business (banking, insurance, alcohol, gambling...)1 · 1%
  • Other (collapsed market cap, no revenue, etc.)1 · 1%

This is a general observation, not a fatwa. Every company is screened individually — the result is on its own page, with the ratios. Methodology

Largest halal stocks — Software - Application

The 30 largest by market cap. Open any row for the full stock page — ratios, formula and date.

#CompanyMarket capPriceDebtCashInterest income
1SAP SESAP$259.77B224.294.48.31.2
2Shopify Inc.SHOP$228.19B169.520.04.02.9
3Salesforce, Inc.CRM$195.66B240.716.79.6—
4ServiceNow, Inc.NOW$152.59B141.974.64.13.4
5Uber Technologies, Inc.UBER$144.41B70.358.19.01.4
6Snowflake Inc.SNOW$116.33B306.843.77.04.1
7Automatic Data Processing, Inc.ADP$110.15B288.94.74.01.7
8Adobe Inc.ADBE$97.36B245.23.53.11.1
9Cadence Design Systems, Inc.CDNS$91.67B319.513.21.71.9
10Intuit Inc.INTU$88.10B325.154.84.50.8
11Atlassian CorporationTEAM$52.58B207.822.23.21.1
12Autodesk, Inc.ADSK$50.88B239.96.37.90.4
13Workday, Inc.WDAY$45.17B190.816.67.53.3
14Paychex, Inc.PAYX$38.04B111.6310.02.51.0
15Roper Technologies, Inc.ROP$37.89B382.7121.10.7—
16Bending Spoons S.p.A.BSP$32.17B47.0715.22.5—
17PTC Inc.PTC$21.03B192.987.01.70.1
18Dynatrace, Inc.DT$18.60B61.110.07.8—
19Fair Isaac CorporationFICO$16.35B771.1915.00.8—
20Tyler Technologies, Inc.TYL$14.81B360.876.95.0—
21DocuSign, Inc.DOCU$13.76B74.650.07.61.6
22Guidewire Software, Inc.GWRE$13.59B168.865.08.93.3
23Manhattan Associates, Inc.MANH$12.76B222.170.01.50.4
24JFrog Ltd.FROG$12.22B84.310.015.84.8
25HubSpot, Inc.HUBS$11.87B230.940.05.42.1
26Paycom Software, Inc.PAYC$10.65B251.648.92.0—
27Bentley Systems, IncorporatedBSY$10.59B35.378.71.10.2
28Elastic N.V.ESTC$9.90B91.746.416.5—
29Procore Technologies, Inc.PCOR$8.98B56.980.06.61.6
30InterDigital, Inc.IDCC$8.38B319.37.120.34.8

Ratios in percent; limits: debt < 30%, cash < 30%, interest income < 5%.

The other 85 halal stocks — in the screener

The public page is a sample. The screener filters by industry, sector and halal status: sort every Software - Application stock by 40+ metrics (P/E, margins, growth, technicals).

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Parent sector

All halal stocks in Technology

Other industries in Technology

Frequently asked questions

Which Software - Application stocks are halal?
According to our AAOIFI-based screening, 115 of 221 listed Software - Application companies are halal. The largest by market cap: SAP SE (SAP), Shopify Inc. (SHOP), Salesforce, Inc. (CRM), ServiceNow, Inc. (NOW), Uber Technologies, Inc. (UBER). Each company's ratios are on its stock page.
Why are some Software - Application companies not halal?
92 companies in this industry are currently not halal. Reasons (one company can fail for several): Cash & investments ≥ 30% — 56; Interest-bearing debt ≥ 30% (of market cap) — 40; Interest (non-compliant) income ≥ 5% — 13; Prohibited business (banking, insurance, alcohol, gambling...) — 1; Other (collapsed market cap, no revenue, etc.) — 1.
Which sector does Software - Application belong to?
Software - Application is an industry within the Technology sector. Other industries there with a halal list: Software - Infrastructure, Semiconductors, Information Technology Services, Electronic Components, Communication Equipment, Semiconductor Equipment & Materials, Scientific & Technical Instruments, Computer Hardware.
Is this a fatwa or investment advice?
No. This is the result of automated screening based on public data. It is neither a fatwa nor an investment recommendation. Consult a scholar or adviser you trust before making decisions.
How often are the results updated?
Screening runs every day: when a new quarterly report comes out, the ratios are recalculated and the status may change. Each stock page shows the date it was checked.

Not a fatwa and not investment advice. Screening is automated from public financial reports and may be wrong or out of date.