BSY

Bentley Systems, Incorporated

HALAL — DATA INCOMPLETEstock

Is BSY Halal?

Infrastructure-engineering software and cloud services — generally permissible activity whose known current asset-based ratios pass, with activity classification incomplete.

What You Should Know

Bentley Systems' March 31, 2026 Form 10-Q reports assets of $3,523.715 million, debt of $1,115.269 million, cash of $105.159 million, receivables of $336.017 million and quarterly revenues of $424.181 million. Debt/assets is 31.65%, liquidity/assets is 2.98%, receivables plus cash/assets is 12.52% and disclosed interest income is 0.12% of revenue. Known ratios pass, but no universal prohibited-revenue numerator is disclosed.

⚠️ Concerns

  • Known asset-based ratios pass, but no universal prohibited-revenue numerator is disclosed
  • Infrastructure, government and defense-adjacent customer end uses
  • Debt refinancing and acquisition activity
  • Subscription and cloud-service transition
  • Disclosed interest income is 0.12% of quarterly revenue; no fixed purification percentage asserted

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.

USD · millions
Interest-bearing debt / assets
31.65%Within limit
Below 33.333% under FTSE Yasaar

1,115.269 / 3,523.715

Cash + interest-bearing securities / assets
2.98%Within limit
Below 33.333% under FTSE Yasaar

105.159 / 3,523.715

Receivables + cash / assets
12.52%Within limit
Below 50% under FTSE Yasaar

441.176 / 3,523.715

Non-compliant income / revenue
0.12%Within limit
No more than 5% under FTSE Yasaar

0.489 / 424.181

FTSE Yasaar
v4.6, February 2026
Financial
Pass
Overall
Incomplete

Debt/assets is 31.65%, liquidity/assets is 2.98%, receivables-plus-cash/assets is 12.52% and interest income is 0.12%; activity remains incomplete.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Pass
Overall
Incomplete

Known financial ratios pass; this is not an index-membership claim and activity remains incomplete.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Pass
Overall
Incomplete

Known debt, liquidity and income ratios pass; this is not an official classification.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Incomplete

A licensed historical market-cap series is not stored.

Business-activity disclosure

Bentley provides infrastructure-engineering software, cloud services and subscriptions. General-purpose software is generally permissible, but customer end uses are not reduced to a universal prohibited-revenue numerator.

Limitation: No universal prohibited-activity revenue numerator or scholar-specific purification percentage is disclosed.

Purification

Interest income is disclosed, but no scholar-approved purification percentage or universal activity allocation is calculated.

Inputs, assumptions and primary sources
  • Amounts are USD thousands from Bentley Systems' March 31, 2026 Form 10-Q; this record expresses them in millions-equivalent values.
  • Debt is reported long-term debt of $1,115.269 million; operating leases are excluded.
  • Cash is $105.159 million. Accounts receivable uses $344.098 million gross less $8.081 million allowance.
  • Quarterly revenues are $424.181 million and disclosed interest income is $0.489 million (0.12% of revenue).
  • Infrastructure software is generally permissible, but no universal prohibited-revenue numerator is disclosed.

This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.

🧾
Own BSY? Purify your portfolio.
Per-holding purification amounts, zakat on your shares, and halal alternatives for flagged holdings — a personalized report prepared for you within 48 hours.
Order Your Report — $49 →
Track BSY and 30,000+ stocks' live compliance status with Islamicly — 50% off with code ZAKAT50.Get Islamicly →

Want to screen more assets?

Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.

Go to Halal Checker →