
Is Constellation Software (CSU) stock Halal?
Constellation Software, Inc. (CSU) is Shariah compliant in the September 2026 AAOIFI screening, passing all four AAOIFI screens. Dividends are purified using a factor of 95.38%. Tabadulat re-screens CSU monthly, and the status can change when new financial data arrives.
Constellation Software is a prominent player within the application software sector, specializing in the acquisition, management, and operation of industry-specific software businesses. As a holding company, its primary function is to provide a platform for small and medium-sized software firms to thrive by offering financial resources, strategic oversight, and operational support. Before any of that matters to a Muslim investor, one question comes first: is Constellation Software stock Halal?
Is Constellation Software Shariah compliant?
The Shariah case on a technology company like Constellation Software is rarely about the product. What AAOIFI Shariah Standard No. 21 examines is the money around the product: cash parked in instruments that earn Riba, borrowing measured against a market capitalisation that moves daily, and any incidental income from sources Islam prohibits, which must stay below 5% of revenue.
Does Constellation Software pass the business activity test?
Yes. In the September 2026 screening Constellation Software holds an overall PASS, which a stock only earns when its core business clears the activity screen. 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 Constellation Software's income Halal?
Yes, within AAOIFI's tolerance. Constellation Software's income from non-permissible sources stays below 5% of revenue in the September 2026 screening, and the small impure portion is handled through purification: the factor of 95.38% tells holders of CSU what share of each dividend to keep and what remainder to donate to charity.
Does Constellation Software 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 CSU 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



