Is DSGX halal?
The Descartes Systems Group Inc
Halal
The Descartes Systems Group Inc passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 15 October 2026
Exchange
NASDAQ
Price
87.05
Day
-1.79%
Market cap
$7.55B
Industry
Software - Application
Sector
Technology
What the company does
Descartes (Canada) makes logistics and customs software: shipment tracking, customs filing, route planning and global trade data. Its money comes from 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 $7.54M ÷ 36-month average market cap $7.80B = 0.1%
0.1%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $401.06M ÷ 36-month average market cap $7.80B = 5.1%
5.1%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
Figures from the company's filings (2026-07-31), 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. Today's market cap: $7.55B.
For information (AAOIFI 3/1 note): cash + receivables are 25.0% of total assets (2026-07-31). 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% · #480 of 1454
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $69.24
- Polen Capital Management$484K0.0%
Halal stocks in the same industry
The largest halal stocks in Software - Application — for comparison.
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Halal is the first question. The second: when to enter?
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.