Is Progress Software Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Progress Software Corp (PRGS) is currently classified as NOT HALAL as of April 2026. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Progress Software Corp a Shariah-compliant stock?

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.

Can Muslims buy shares of Progress Software Corp?

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.

Why is Progress Software Corp classified as NOT HALAL?

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.

How often is the Shariah compliance for Progress Software Corp updated?

The Shariah compliance status of Progress Software Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Progress Software Corp become non-compliant?

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.

Where can I check the Shariah status of Progress Software Corp?

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.

PRGS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 29, 2026

Report Source: 2026 1st Quarter Report

Progress Software Corp. Stock Analysis PRGS

United States Information Technology Small Cap Report: Q1, 2026

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.

Key Statistics of Progress Software Corp (PRGS)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$27.01$27.96

Today's Open

$27.16

Volume

595.11K

P/E Ratio (TTM)

14.95

52 Week Range

$23.82$65.50

Market Cap

1.22B

Avg. Volume

825.20K

Dividend Yield

0.06%

Financial Metrics & Statements of Progress Software Corp (PRGS)

FAQ's for Progress Software Corp (PRGS)

According to Musaffa’s Shariah screening methodology, Progress Software Corp (PRGS) is currently classified as NOT HALAL as of April 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.