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Is Progress Software Corp Stock Halal?
Shariah Compliance Analysis of PRGS Stock
United States Information Technology Small Cap No. As of November 2026, Progress Software Corp (PRGS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Progress Software Corp does not pass Musaffa's business and financial screening criteria.
Progress Software Corp. engages in the provision of products that develop and deploy mission-critical business applications. The company is headquartered in Burlington, Massachusetts and currently employs 2,801 full-time employees. The firm provides software products that enable its customers to develop, deploy and manage responsible AI-powered applications and digital experiences. The company also offers retrieval-augmented generation (RAG) -as-a-service products. Its products include Sitefinity, Corticon, MOVEit, ShareFile, Podio, Kendo UI, Telerik, Kemp LoadMaster, Flowmon, WhatsUp Gold, Chef Infrastructure Management, Chef Desktop, Chef App Delivery, MarkLogic, Semaphore, OpenEdge, DataDirect Connectors, Hybrid Data Pipeline, and Automate MFT. MOVEit Transfer Software offers an on-premises Managed File Transfer (MFT) server, supporting compliance with internal governance requirements and regulations. WhatsUp Gold is an information technology (IT) infrastructure monitoring software providing visibility into network devices, servers, virtual machines, cloud, and wireless environments.
PRGS Shariah Compliance
Screening Methodology: AAOIFI
As of November 2026, Progress Software Corp is classified as not halal.
NOT HALALProgress Software Corp (PRGS) Chart
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Financial Metrics & Statements of Progress Software Corp (PRGS)
FAQ's for Progress Software Corp (PRGS)
- As of November 2026, Progress Software Corp PRGS is classified as not 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 Progress Software Corp using these criteria to determine its compliance status.
- Muslim investors may consider investing in Progress Software Corp 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 Progress Software Corp 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 Progress Software Corp 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 Progress Software Corp on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Progress Software Corp (PRGS)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
