Is ExlService Holdings, Inc. (EXLS) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 7.8% / 30% | 6.4% / 30% | 7.6% / 30% | 0.46% / 5% | ✓ HALAL |
| DJIM | 7.8% / 33% | 6.4% / 33% | 7.6% / 33% | 0.46% / 5% | ✓ HALAL |
| MSCI | 23.7% / 33% | 19.3% / 33% | 23.0% / 33% | 0.46% / 5% | ✓ HALAL |
| S&P | 7.8% / 33% | 6.4% / 33% | 7.6% / 33% | 0.46% / 5% | ✓ HALAL |
| FTSE | 23.7% / 33% | 19.3% / 33% | 23.0% / 50% | 0.46% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 38.4% | |
| Operating Margin | 14.4% | |
| Net Margin | 12.0% | |
| Return on Equity (ROE) | 27.2% | |
| Return on Assets (ROA) | 11.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $351M |
| Free Cash Flow | $298M |
| Total Debt | $404M |
| Debt-to-Equity | 44.5 |
| Current Ratio | 2.6 |
| Total Assets | $1.7B |
Price & Trading
| Last Close | $30.37 |
| 50-Day MA | $33.26 |
| 200-Day MA | $40.11 |
| Avg Volume | 2.0M |
| Beta | 0.9 |
|
52-Week Range
$26.94
| |
About ExlService Holdings, Inc. (EXLS)
ExlService Holdings, Inc., operates as a data and artificial intelligence (AI) company in the North America, the United Kingdom, Europe, and internationally. The company operates through Insurance; Healthcare and Life Sciences; Banking, Capital Markets, and Diversified Industries; and International Growth Markets. It provides digital operations and solutions and analytics-driven services, such as claims management, premium and benefit administration, agency management, account reconciliation, actuarial and risk analytics, policy research, digital marketing, underwriting support, new business acquisition, policy servicing, audit, surveys, billing and collection, commercial and residential survey, and customer service; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and Life Digital Suite platforms; and Subrosource software platform, an end-to-end subrogation platform. The company also offers health care services for care, utilization, and disease management; payment integrity; revenue optimization, customer engagement, and commercial analytics and regulatory support services; and digital operations and solutions. In addition, it provides financial planning and analysis, accounting, regulatory and statutory reporting, decision support, data management, and compliance services; consumer and commercial banking, credit card and payment services; fintech, wealth and retirement services; capital markets, utilities, retail and consumer packaged goods, communications, media and entertainment, travel and leisure, transportation and logistics, infrastructure, and other business services; property and casualty insurance, life insurance, disability insurance; and insurance brokers, reinsurers, annuity and retirement services. The company was founded in 1999 and is headquartered in New York, New York.
Purification Calculator
As a halal stock with 0.46% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is ExlService Holdings, Inc. (EXLS) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ExlService Holdings, Inc. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is ExlService Holdings, Inc.'s debt ratio?
ExlService Holdings, Inc.'s debt ratio is 7.8% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 23.7%.
Does ExlService Holdings, Inc. require dividend purification?
Yes, ExlService Holdings, Inc. has an impermissible income ratio of 0.46%, which means 0.46% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are ExlService Holdings, Inc.'s key financial metrics?
ExlService Holdings, Inc. has a market capitalization of $4.7B, trailing P/E ratio of 19.4, and revenue of $2.1B. The company maintains a gross margin of 38.4% and a net margin of 12.0%. Return on equity stands at 27.2%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.