OTEX
Open Text Corporation
Is OTEX Halal?
Enterprise software is generally permissible, but March 2026 debt/assets is 46.60%, above the examined asset-based limits.
What You Should Know
OpenText's March 31, 2026 Form 10-Q reports $13,325.101M of assets, $6,210.508M of debt, $1,254.144M of cash, $620.742M of trade receivables and $1,282.504M of quarterly revenue. Debt/assets is 46.60%, liquidity/assets 9.41%, receivables plus cash/assets 14.08% and disclosed interest income/revenue is 0.85%. Its content, business-network, cybersecurity, ITOM and analytics products are generally permissible, but acquisition leverage is the binding financial concern.
⚠️ Concerns
- •Debt/assets is 46.60%, above the examined FTSE Yasaar, MSCI and Malaysia SAC limits
- •Acquisition financing remains material
- •$10.916M of interest income is disclosed; no fixed purification percentage is asserted
- •The filing does not provide a universal prohibited-revenue numerator
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-13.
6,210.508 / 13,325.101
1,254.144 / 13,325.101
1,874.886 / 13,325.101
10.916 / 1,282.504
- Financial
- Fails
- Overall
- Fails
Debt/assets is 46.60%, above the examined 33.333% limit; liquidity/assets is 9.41%, receivables plus cash/assets 14.08% and interest income/revenue is 0.85%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 46.60%, above the examined MSCI 33.33% limit; other identified ratios pass.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 46.60%, above the examined Malaysia SAC 33% limit.
- Financial
- Not calculated
- Overall
- Incomplete
No licensed historical market-cap series is stored.
Business-activity disclosure
OpenText provides enterprise content, business-network, cybersecurity, IT-operations, analytics and developer software. The activity is generally permissible, but customer mix and the filing's lack of a prohibited-revenue numerator keep the qualitative screen incomplete.
Limitation: The filing does not allocate revenue into a universal prohibited-activity numerator by customer or downstream use.
Purification
The filing discloses $10.916 million of interest income; ZakatInvest does not assert a fixed purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from OpenText's March 31, 2026 Form 10-Q.
- Total debt outstanding is $6,210.508 million, including $35.850 million current and $6,174.658 million non-current debt; cash is $1,254.144 million.
- Trade receivables are $620.742 million; contract assets are separately disclosed and not added to avoid double counting.
- Quarterly revenue is $1,282.504 million and disclosed interest income is $10.916 million.
- OpenText's content, business-network, cybersecurity, ITOM, analytics and developer software are generally permissible activities, but customer use and leverage remain material concerns.
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.
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →