
Is Broadridge Financial Solutions (BR) stock Halal?
Under AAOIFI Shariah Standard No. 21, a Halal stock keeps non-permissible income below 5% of revenue and interest-bearing debt and investments each below 30% of market capitalisation. Broadridge Financial Solutions, Inc. (BR) does not meet the threshold for the non-permissible income screen as of September 2026, so it is not Shariah compliant.
Broadridge Financial Solutions is a leading provider of technology-driven solutions for the global financial industry. It specializes in investor communications, technology outsourcing, and data and analytics solutions for capital markets, wealth management, and asset management sectors. By delivering integrated solutions, Broadridge helps financial institutions manage the complexity of escalating regulatory requirements and evolving market demands. The company's offerings enable transparent and secure interactions with investors and shareholders through proxy voting and shareholder communications services. For Muslim investors, though, the most pressing question is simpler: is Broadridge Financial Solutions a Halal investment?
Is Broadridge Financial Solutions Shariah compliant?
Technology companies rarely fail AAOIFI screening on what they sell. Software, hardware and digital services are permissible business activities, so for a company like Broadridge Financial Solutions the Shariah question moves to the balance sheet: how much of its market value sits in interest bearing debt, how much of its cash earns Riba in conventional deposits, and whether incidental income from impermissible sources creeps past 5% of revenue. These are exactly the ratios AAOIFI Shariah Standard No. 21 polices, and they move every month with the share price.
Does Broadridge Financial Solutions pass the business activity test?
The activity screen is only part of the picture this month: Broadridge Financial Solutions currently fails the non-permissible income screen, so the overall verdict is not compliant regardless of the business itself. The watch item for technology names is incidental: cash returns and platform content can carry impermissible elements, which AAOIFI tolerates only below the thresholds.
Is Broadridge Financial Solutions' income Halal?
No. Broadridge Financial Solutions' income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.
Does Broadridge Financial Solutions meet AAOIFI's debt and investment ratio requirements?
Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has BR re-screened every month, and the result above always shows the latest verdict.
Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.
New to the four screens? Read Why a Halal Stock Screener Matters for Halal Investing



