Is Endava Plc DAVA stock halal to invest in?

No, as of August 2026, Endava Plc stock (DAVA) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening halal stocks. To qualify as halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. Endava Plc currently does not meet the threshold for the non-permissible income screen. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of Endava Plc and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Endava Plc DAVA reviewed for Shariah compliance?

Tabadulat reviews Endava Plc DAVA for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Endava Plc reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Endava Plc DAVA pass the AAOIFI Non Permissible Income criteria?

No, as of August 2026, Endava Plc stock (DAVA) does not pass the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. Endava Plc's income from non-permissible sources currently exceeds this 5% ceiling, which makes the stock non-compliant on this criterion regardless of how it performs on the other screens. The screen is reassessed monthly, so the status can change when the company releases new financial statements.

Does Endava Plc DAVA pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Endava Plc stock (DAVA) passes the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. This limit ensures shareholders are not materially profiting from riba (interest). Endava Plc's interest-bearing investments are currently within the 30% threshold. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does Endava Plc DAVA pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Endava Plc stock (DAVA) passes the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar riba-based financing) must remain below 30% of its market capitalisation. This cap limits shareholders' exposure to interest-based leverage. Endava Plc's interest-bearing debt is currently within the 30% threshold. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for Endava Plc DAVA stock?

Endava Plc (DAVA) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a halal investment. If Endava Plc returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Endava Plc DAVA pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Endava Plc stock (DAVA) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Endava Plc has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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Endava Plc

NYSE

Shariah-Compliant

Not Shariah

DAVA

About

Endava Plc

DAVA

Endava plc is a leading technology services company that specializes in digital transformation consulting and agile software development for an array of industries, including finance, telecommunications, and insurance. Headquartered in London, Endava provides an extensive suite of services, ranging from ideation and strategy to implementation and continuous improvement of existing digital systems. The company's deep-rooted expertise in technology solutions enables it to empower organizations in enhancing customer engagement, optimizing operational efficiencies, and accelerating business growth. Endava's unique approach combines digital strategy, innovative design, and robust engineering practices, making it pivotal in the global IT services marketplace. Its services are geared towards leveraging emerging technologies such as artificial intelligence, cloud computing, and big data analytics, facilitating clients in navigating the complex landscape of digital evolution. The company works in close collaboration with its clients, employing agile methodologies to ensure that solutions are not only state-of-the-art but also aligned with business objectives. This collaborative ethos, coupled with Endava's expansive geographic presence, entrenches the company as a vital player in the global quest for digital excellence.

Sector:

Technology

Industry:

Software - Infrastructure

Employees:

11636

Website:

https://www.endava.com

DAVA

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Endava Plc

About

Endava Plc

DAVA

Frequently asked questions

Is Endava Plc DAVA stock halal to invest in?

How often is Endava Plc DAVA reviewed for Shariah compliance?

Does Endava Plc DAVA pass the AAOIFI Non Permissible Income criteria?

Does Endava Plc DAVA pass the AAOIFI Interest Bearing Investments criteria?

Does Endava Plc DAVA pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Endava Plc DAVA stock?

Does Endava Plc DAVA pass the AAOIFI Preference Share screen?

Can I buy Endava (DAVA) stock on Tabadulat?

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