Is BR (Broadridge Financial Solutions, Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, BR is Halal and considered permissible for Muslim investors. It passed all 4 of 4 compliance screens including business activity review, debt-to-market-cap ratio (18.65% vs ≤33% threshold), interest income ratio (0.19% vs ≤5% threshold), and cash & securities ratio (3.03% vs ≤33% threshold).

Broadridge Financial Solutions, Inc. is a leading provider of investor communications and technology-driven solutions for the global financial services industry. The company's core offerings include distributing proxy materials, processing investor votes, and delivering regulatory reports through platforms like ProxyEdge. For Muslim investors, Broadridge represents a fully Shariah-compliant investment opportunity, passing all four AAOIFI screening criteria. Because its primary business relies on information technology services and data processing rather than interest-based financial products, the core operations are entirely permissible. From an Islamic finance perspective, the company's balance sheet is exceptionally clean. Broadridge carries a conservative debt-to-market cap ratio of 18.7% and generates almost zero impermissible interest income, recorded at a mere 0.19% of total revenue. While the stock is currently Halal, investors should continue to monitor its financial ratios during broader market downturns, as a significant drop in market capitalization could inflate the debt-to-market cap ratio. However, its strong position in the essential IT services sector provides a solid, compliant foundation for Muslim portfolios. Broadridge Financial Solutions, Inc. operates in the Technology sector under the Information Technology Services industry and is headquartered in Lake Success, NY, US. The company is led by CEO Timothy C. Gokey and employs approximately 14,000 people.

BR was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. BR passed 4 of these 4 screens.

Although BR passes all shariah screens, it does earn $13.1M in interest income (0.19% of revenue). Many scholars recommend purifying this portion by donating the equivalent percentage of any dividends received to charity. For example, if you receive $100 in dividends, you would donate approximately $0.19 to purify the income.

BR was last screened on 2026-04-29. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.