Is Progress Software Corp. PRGS stock halal to invest in?

No, as of August 2026, Progress Software Corp. stock (PRGS) 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. Progress Software Corp. currently does not meet the threshold for the interest-bearing debt 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 Progress Software Corp. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Progress Software Corp. PRGS reviewed for Shariah compliance?

Tabadulat reviews Progress Software Corp. PRGS 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 Progress Software Corp. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Progress Software Corp. PRGS pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, Progress Software Corp. stock (PRGS) 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. Progress Software Corp.'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 Progress Software Corp. PRGS pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Progress Software Corp. stock (PRGS) 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). Progress Software Corp.'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 Progress Software Corp. PRGS pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Progress Software Corp. stock (PRGS) does not pass 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. Progress Software Corp.'s interest-bearing debt currently exceeds this 30% limit, meaning the company relies on riba-based financing beyond the level AAOIFI permits for a halal investment. A company can return to compliance by reducing debt or through changes in market capitalisation, and the screen is reassessed monthly.

What is the dividend purification factor for Progress Software Corp. PRGS stock?

Progress Software Corp. (PRGS) 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 Progress Software Corp. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Progress Software Corp. PRGS pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Progress Software Corp. stock (PRGS) 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. Progress Software Corp. 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.

Invest Halal, Anytime, Anywhere

Download the Tabadulat app and start building your Shariah-compliant portfolio in minutes.

English

العربية

Progress Software Corp.

NASDAQ

Shariah-Compliant

Not Shariah

PRGS

About

Progress Software Corp.

PRGS

Progress Software Corporation is a global leader in the development and deployment of business applications. Specializing in offering high-impact technological solutions, Progress Software provides businesses with tools for application development, data integration, and digital transformation. The corporation's comprehensive suite includes products tailored for building secure, scalable software, which makes it a vital component for industries ranging from finance to healthcare and beyond. One of the standout features of Progress Software is its ability to support multiple programming languages and platforms, allowing for versatile and custom-fit solutions that meet varied client needs. Furthermore, their commitment to open-source, cloud, and on-premise product offerings ensures adaptability in rapidly evolving technological landscapes. In the financial markets, Progress Software Corporation holds a significant role by enabling enterprises to enhance their operational efficiency and customer engagement. Their continuous innovation in application development and operational tools marks them as a crucial entity in the business software industry. Headquartered in Bedford, Massachusetts, Progress Software's global reach and expertise continue to drive business profitability and technological advancement.

Sector:

Technology

Industry:

Software - Infrastructure

Employees:

2815

Website:

https://www.progress.com

PRGS

Frequently asked questions

Related stocks

Mobile login screen for Tabadulat with fields to enter email, a Continue button, an option to create an account, and a language selector showing EN.

Step 1

Open your account.

Create your Tabadulat account in minutes: enter your details, complete identity verification, and add funds by secure transfer in multiple currencies. You're ready to start investing in halal stocks the same day.

Mobile screen showing add money interface with 100 AED amount and Manual Bank Transfer payment method selected, noting 1-2 business days processing.

Step 2

Deposit.

Add funds to your account using a secure payment method. You can deposit in multiple currencies to get started.

Step 3

Screen.

Screen Stocks for Free and explore a wide range of stocks that are ethically screened for Shariah compliance. Use our Halal Stock Screener to find the best opportunities.

Progress Software Corp.

About

Progress Software Corp.

PRGS

Frequently asked questions

Is Progress Software Corp. PRGS stock halal to invest in?

How often is Progress Software Corp. PRGS reviewed for Shariah compliance?

Does Progress Software Corp. PRGS pass the AAOIFI Non Permissible Income criteria?

Does Progress Software Corp. PRGS pass the AAOIFI Interest Bearing Investments criteria?

Does Progress Software Corp. PRGS pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Progress Software Corp. PRGS stock?

Does Progress Software Corp. PRGS pass the AAOIFI Preference Share screen?

Can I buy Progress Software (PRGS) stock on Tabadulat?

Open your account.

Deposit.

Screen.