Is The Descartes Systems Group, Inc. DSGX stock halal to invest in?

Yes, as of August 2026, The Descartes Systems Group, Inc. stock (DSGX) is 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. The Descartes Systems Group, Inc. currently passes all four AAOIFI financial screens: non-permissible income remains below 5% of total revenue, interest-bearing investments and interest-bearing debt each remain below 30% of market capitalisation, and the company has no impermissible preference share structure. The stock's current purification factor is 100%. Compliance is reassessed every month as updated screening data arrives, and a stock's status can change when new financial reports are released. You can always check the current status of The Descartes Systems Group, Inc. and explore other Shariah compliant stocks in the Tabadulat app.

How often is The Descartes Systems Group, Inc. DSGX reviewed for Shariah compliance?

Tabadulat reviews The Descartes Systems Group, Inc. DSGX 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screening ensures the status shown for The Descartes Systems Group, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 The Descartes Systems Group, Inc. DSGX pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, The Descartes Systems Group, Inc. stock (DSGX) passes 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. The Descartes Systems Group, Inc.'s income from non-permissible sources is currently within this 5% threshold. Even permissible levels of incidental impure income should still be purified: investors donate the corresponding share of dividends to charity, as reflected in the stock's purification factor. This screen is reassessed monthly using the company's latest financial disclosures.

Does The Descartes Systems Group, Inc. DSGX pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, The Descartes Systems Group, Inc. stock (DSGX) 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). The Descartes Systems Group, Inc.'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 The Descartes Systems Group, Inc. DSGX pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, The Descartes Systems Group, Inc. stock (DSGX) 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. The Descartes Systems Group, Inc.'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 The Descartes Systems Group, Inc. DSGX stock?

As of August 2026, the dividend purification factor for The Descartes Systems Group, Inc. (DSGX) is 100%. Purification (tazkiyah) is the practice of donating to charity the portion of dividend income attributable to incidental non-permissible sources, typically interest earned on a company's cash, and AAOIFI methodology requires it even for fully compliant stocks. The purification factor is the figure halal investors use to work out that donation on The Descartes Systems Group, Inc. dividends. It is recalculated with each monthly screening as new financial data arrives, and the Tabadulat app can help you calculate and track purification across your whole portfolio.

Does The Descartes Systems Group, Inc. DSGX pass the AAOIFI Preference Share screen?

Yes, as of August 2026, The Descartes Systems Group, Inc. stock (DSGX) 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. The Descartes Systems Group, Inc. 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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The Descartes Systems Group, Inc.

NASDAQ

Shariah-Compliant

Not Shariah

DSGX

About

The Descartes Systems Group, Inc.

DSGX

Descartes Systems Group Inc. is a prominent technology company that specializes in providing cloud-based logistics and supply chain management solutions. The primary purpose of Descartes is to enhance the efficiency and effectiveness of global logistics operations by offering a variety of services, including routing, tracking, and compliance management. Notably, Descartes caters to industries such as transportation, distribution, manufacturing, and retail, helping businesses optimize their supply chains and logistics processes. The company's solutions are designed to streamline operations and reduce costs by automating complex logistics tasks and providing insights into supply chain performance. Descartes plays a critical role in the interconnected world of global trade, enabling organizations to manage extensive logistics networks and comply with cross-border regulations efficiently. Founded in 1981 and based in Waterloo, Canada, Descartes has established itself as a key player in the logistics technology sector. Its software platforms are instrumental for companies seeking to navigate the intricate world of transportation logistics, ensure regulatory compliance, and maintain a competitive edge in their respective markets.

Sector:

Technology

Industry:

Software - Application

Employees:

Website:

https://www.descartes.com

DSGX

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The Descartes Systems Group, Inc.

About

The Descartes Systems Group, Inc.

DSGX

Frequently asked questions

Is The Descartes Systems Group, Inc. DSGX stock halal to invest in?

How often is The Descartes Systems Group, Inc. DSGX reviewed for Shariah compliance?

Does The Descartes Systems Group, Inc. DSGX pass the AAOIFI Non Permissible Income criteria?

Does The Descartes Systems Group, Inc. DSGX pass the AAOIFI Interest Bearing Investments criteria?

Does The Descartes Systems Group, Inc. DSGX pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for The Descartes Systems Group, Inc. DSGX stock?

Does The Descartes Systems Group, Inc. DSGX pass the AAOIFI Preference Share screen?

How do I buy The Descartes Systems (DSGX) stock?

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