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AAOIFI No. 21 screening

Is DOX halal?

Amdocs Limited

Halal

Amdocs Limited passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.

Checked: 14 October 2026

Exchange

NASDAQ

Price

60.06

Day

-1.02%

Market cap

$6.18B

Industry

Software - Infrastructure

Sector

Technology

What the company does

Amdocs makes billing and customer-management software for telecom operators and runs it for them (clients like AT&T and T-Mobile). Its money comes from service contracts and subscriptions.

What was checked

The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.

  • Business activity

    No prohibited activity

  • Interest-bearing debt / market cap

    limit 30%

    Interest-bearing debt $1.09B ÷ current market cap $6.18B = 17.6%

    17.6%

    Pass

  • Cash & investments / market cap

    limit 30%

    Cash + interest-bearing securities $206.45M ÷ current market cap $6.18B = 3.3%

    3.3%

    Pass

  • Non-compliant income / total revenue

    limit 5%

    Interest income $9.15M ÷ annual revenue $4.53B (2025) = 0.2%

    0.2%

    Pass

Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict.

For information (AAOIFI 3/1 note): cash + receivables are 18.9% of total assets (2026-06-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.

In the lists

In the S&P 500
Not in the S&P 500
Among halal stocks
0.01% · #531 of 1455

Superinvestors

SEC 13F, 2026 Q3. Up to 45 days delayed.

Held by 2 superinvestors · Average reported price: $50.54

All superinvestor portfolios

Halal stocks in the same industry

The largest halal stocks in Software - Infrastructure — for comparison.

Related articles

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Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.

This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.

Earnings historyDOX's next report date, EPS estimate vs actual for recent quarters and the post-earnings price move.View earnings →