Magic Software Enterprises Ltd MGIC
$17.38 $0.58 (3.23%) 1D
Last Updated: Feb 23, 12:00 AM·NASDAQ
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MGIC Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Magic Software Enterprises Ltd is classified as halal.
HALAL
Report Source: undefined Quarter Report
Magic Software Enterprises Ltd. Stock Analysis MGIC
United States Information Technology Small Cap Magic Software Enterprises Ltd. operates as a global provider of end-to-end integration and application development platforms solutions and IT consulting services. The firm is a vendor of information technology (IT) outsourcing services. Its software technology is used by customers to develop, deploy and integrate on premise, mobile and cloud-based business. The company operates through two segments: software solutions and IT professional services. The software services segment includes software technology and complementary services. The IT professional services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, and communications services and solutions. Its product portfolio includes Magic xpa Application Platform, AppBuilder Application Platform and Magic xpi Integration Platform. Its vertical software packages include Leap, Hermes Solution, HR Pulse and MBS Solution.
Magic Software Enterprises Ltd (MGIC) Chart
Financial Metrics & Statements of Magic Software Enterprises Ltd (MGIC)
FAQ's for Magic Software Enterprises Ltd (MGIC)
- As of August 2026, Magic Software Enterprises Ltd MGIC is classified as halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Magic Software Enterprises Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Magic Software Enterprises Ltd if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Magic Software Enterprises Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Magic Software Enterprises Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Magic Software Enterprises Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Related Halal Stocks to Magic Software Enterprises Ltd (MGIC)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
