Is PROGRESS SOFTWARE CORP /MA (PRGS) Halal?
Shariah Screening — 5 Standards
Based on financial data from November 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 84.4% / 30% | 5.6% / 30% | 14.3% / 30% | 0.18% / 5% | ✗ NOT HALAL |
| DJIM | 84.4% / 33% | 5.6% / 33% | 14.3% / 33% | 0.18% / 5% | ✗ NOT HALAL |
| MSCI | 58.2% / 33% | 3.9% / 33% | 9.9% / 33% | 0.18% / 5% | ✗ NOT HALAL |
| S&P | 84.4% / 33% | 5.6% / 33% | 14.3% / 33% | 0.18% / 5% | ✗ NOT HALAL |
| FTSE | 58.2% / 33% | 3.9% / 33% | 9.9% / 50% | 0.18% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 85.0% | |
| Operating Margin | 17.2% | |
| Net Margin | 7.5% | |
| Return on Equity (ROE) | 15.9% | |
| Return on Assets (ROA) | 4.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $235M |
| Free Cash Flow | $229M |
| Total Debt | $1.4B |
| Debt-to-Equity | 298.9 |
| Current Ratio | 0.5 |
| Total Assets | $2.5B |
Price & Trading
| Last Close | $29.17 |
| 50-Day MA | $37.99 |
| 200-Day MA | $44.20 |
| Avg Volume | 968K |
| Beta | 0.6 |
|
52-Week Range
$26.85
| |
About PROGRESS SOFTWARE CORP /MA (PRGS)
Progress Software Corporation provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. The company offers Agentic RAG, a next-generation Agentic Rag-as-a-Service platform; Automate MFT, a cloud-native Software-as-a-Service (SaaS) platform for automated and secure file transfers; Chef, a DevOps/DevSecOps automation software; Corticon, a decision automation platform; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data, and SaaS data sources; Developer Tools, such as software development tooling collection, including NET and JavaScript UI components for web, desktop and mobile applications, AI-prompt components, reporting and report management tools, and automated testing and mocking tools; Flowmon, a AI-powered network security and visibility product with automated response across hybrid cloud ecosystems; and Kemp LoadMaster, an application delivery and security product for cloud-native, and virtual and hardware load balancers. It also provides MarkLogic, a data agility platform to connect data and metadata; MOVEit, a managed file transfer software; OpenEdge, an application development platform; Semaphore, a Semantic AI platform; ShareFile, an SaaS-native AI-powered document centric collaboration platform; Sitefinity, a digital experience platform foundation; and WhatsUp Gold, a network infrastructure monitoring software to find and fix network problems. The company offers project management, implementation, custom software development, programming, and other services, as well as web-enable applications, and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, system integrators, value added resellers, and distributors. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.
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Frequently Asked Questions
Is PROGRESS SOFTWARE CORP /MA (PRGS) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), PROGRESS SOFTWARE CORP /MA is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is PROGRESS SOFTWARE CORP /MA's debt ratio?
PROGRESS SOFTWARE CORP /MA's debt ratio is 84.4% 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 58.2%.
What are PROGRESS SOFTWARE CORP /MA's key financial metrics?
PROGRESS SOFTWARE CORP /MA has a market capitalization of $1.2B, trailing P/E ratio of 16.7, and revenue of $978M. The company maintains a gross margin of 85.0% and a net margin of 7.5%. Return on equity stands at 15.9%.
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.