
Is PAR Technology (PAR) stock Halal?
September 2026 AAOIFI screening result for PAR Technology Corp. (PAR): non-permissible income, pass. Interest-bearing investments, pass. Interest-bearing debt, fail. Preference shares, pass. PAR Technology Corp. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.
PAR Technology engages in the provision of innovative technology solutions internationally, primarily focusing on the hospitality industry. The company's offerings encompass a range of hardware and software solutions, such as point-of-sale systems, to streamline operational efficiencies for hospitality venues including restaurants and hotel chains. Furthermore, Par Technology Corporation's cloud-based systems integrate various operational facets like loyalty programs, inventory management, and data analytics to enhance customer service and business insights. Before any of that matters to a Muslim investor, one question comes first: is PAR Technology stock Halal?
Is PAR Technology Shariah compliant?
The Shariah case on a technology company like PAR Technology 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 PAR Technology pass the business activity test?
The activity screen is only part of the picture this month: PAR Technology currently fails the interest-bearing debt 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 PAR Technology's income Halal?
Yes, within AAOIFI's tolerance. PAR Technology's income from non-permissible sources stays below 5% of revenue in the September 2026 screening.
Does PAR Technology meet AAOIFI's debt and investment ratio requirements?
Not in full. Interest bearing debt currently exceeds the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.
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