PTC
PTC Inc.
Is PTC Halal?
Industrial IoT and CAD software provider with permissible business.
What You Should Know
PTC provides computer-aided design, product lifecycle management, and IoT solutions. Business is halal, acceptable debt levels under Islamic screens. Its March 31, 2026 Form 10-Q reports $6,537.260 million of assets, $1,197.972 million of interest-bearing debt, $439.112 million of cash, $852.643 million of receivables and $774.303 million of quarterly revenue. Debt/assets is 18.33%, liquidity/assets is 6.72%, receivables-plus-cash/assets is 19.76%, and disclosed interest income is 0.15% of revenue; the examined filing-based financial ratios pass while customer end uses remain qualitative.
⚠️ Concerns
- •Interest income
- •Senior notes and credit-facility financing
- •Industrial and defense-adjacent customer use
- •Large non-interest other-income gain
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
1,197.972 / 6,537.26
439.112 / 6,537.26
1,291.755 / 6,537.26
1.2 / 774.303
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 18.33%, liquidity/assets is 6.72%, receivables-plus-cash/assets is 19.76% and disclosed interest income is 0.15% of revenue; the business-activity numerator remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 18.33%, liquidity/assets is 6.72% and receivables-plus-cash/assets is 19.76%, below the examined MSCI limits; business activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and liquidity/assets pass the examined Malaysia limits; this is a calculation against SAC ratios, not an official classification, and activity remains incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored; filing-based asset ratios remain documented.
Business-activity disclosure
PTC provides CAD, product-lifecycle-management, industrial-IoT and related software. The core software activity is generally permissible, while industrial, defense-adjacent, government and customer end uses require qualitative review.
Limitation: The filing does not provide a universal prohibited-activity numerator across software, professional services, partners and customer end uses.
Purification
PTC discloses $1.2 million of interest income, but does not provide a complete prohibited-activity numerator or scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from PTC's March 31, 2026 Form 10-Q.
- Interest-bearing debt is $1,197.972 million net of issuance costs, comprising the 2028 notes and credit-facility revolver and term loan; operating leases are excluded.
- Cash and cash equivalents are $439.112 million; the filing does not identify a separate marketable-securities balance for this screen.
- Accounts receivable are $852.643 million, quarterly revenue is $774.303 million and disclosed interest income is $1.2 million. The separate $465.1 million other-income gain is not treated as interest income.
- CAD, PLM, IoT and industrial software are generally permissible, while industrial, defense-adjacent, government and customer end uses require qualitative review.
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.
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