
Is Docebo (DCBO) stock Halal?
As of the September 2026 screening, Docebo, Inc. (DCBO) meets every AAOIFI Shariah Standard No. 21 requirement: non-permissible income, interest-bearing investments and interest-bearing debt all sit within the thresholds, and there is no impermissible preference share structure. The dividend purification factor is 99.97%. The stock is re-screened every month.
Docebo is a software as a service (SaaS) company specializing in learning management systems (LMS) for businesses. The primary function of Docebo's platform is to provide enterprises with a robust and scalable solution to manage, deliver, and optimize their corporate training programs. It allows organizations to create, distribute, and track training content, as well as to measure learning outcomes through advanced reporting capabilities. For Muslim investors, though, the most pressing question is simpler: is Docebo a Halal investment?
Is Docebo 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 Docebo 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 Docebo pass the business activity test?
Yes. In the September 2026 screening Docebo 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 Docebo's income Halal?
Yes, within AAOIFI's tolerance. Docebo'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 99.97% tells holders of DCBO what share of each dividend to keep and what remainder to donate to charity.
Does Docebo 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 DCBO 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



