The Short Answer
BR is doubtful under the current consolidated screen. Broadridge sells technology and services rather than financial products, but March 2026 debt/assets is 36.75% and customers are concentrated in conventional financial markets.
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-13.
3,227 / 8,779.2
304.8 / 8,779.2
1,624.1 / 8,779.2
2.3 / 1,953.6
- Financial
- Fails
- Overall
- Fails
Debt/assets is 36.75%, above the examined 33.333% limit; liquidity/assets is 3.47%, receivables plus cash/assets 18.49% and interest income/revenue 0.12%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 36.75%, above the examined MSCI 33.33% limit; other identified ratios are below their limits.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 36.75%, above the examined Malaysia SAC 33% limit.
- Financial
- Not calculated
- Overall
- Incomplete
No licensed historical market-cap series is stored.
Business-activity disclosure
Broadridge provides investor communications, proxy and regulatory reporting, post-trade processing and wealth-management technology. The products are general-purpose services, but the customer base and capital-markets workflows create a material methodology-dependent qualitative concern.
Limitation: The filing does not allocate revenue into a universal prohibited-activity numerator across financial-services customers or downstream uses.
Purification
The filing discloses $2.3 million of interest income, but ZakatInvest does not assert a fixed scholar-approved purification percentage for the mixed financial-technology activity.
Inputs, assumptions and primary sources
- Amounts are USD millions from the March 31, 2026 Form 10-Q.
- Debt is $499.8 million current portion plus $2,727.2 million long-term debt; cash is $304.8 million and accounts receivable is $1,319.3 million.
- Quarterly revenue is $1,953.6 million and disclosed interest income is $2.3 million.
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.
Business activity
Investor communications, post-trade processing and wealth-management systems are general-purpose services. Banks, broker-dealers and asset managers are important customers, so strict boards may assess downstream use differently. The filing does not isolate a universal prohibited-revenue numerator.
Bottom line
BR is doubtful because the debt ratio fails the examined asset-based limits. Qualitative treatment of financial-market infrastructure remains school- and board-dependent.