Is THRY (Thryv Holdings, Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, THRY is classified as Doubtful. It passed 3 of 4 compliance screens. Some scholars may permit investing with income purification, while others advise avoiding it. We recommend consulting a qualified Islamic scholar before investing in THRY.

Thryv Holdings, Inc. provides digital marketing solutions and cloud-based software tailored for small-to-medium sized businesses (SMBs). Its core offerings include the Thryv end-to-end customer experience platform, Hub by Thryv for franchisors, and ThryvPay, a payment processing solution. For Muslim investors, THRY currently carries a Doubtful shariah compliance status based on AAOIFI standards. While its core software and marketing services are permissible, the stock fails critical financial screening criteria, meaning it cannot be considered a halal investment at this time. The primary concern for Islamic investors is the company's massive debt burden, with a debt-to-market cap ratio of 149.0%, drastically exceeding the 33% limit. On a positive note, Thryv's interest-bearing cash and securities are well within limits at 6.2%, and it derives 0.00% of its revenue from interest income. Investors should monitor Thryv's balance sheet in future quarters to see if the company aggressively pays down its conventional debt. Until the debt-to-market cap ratio falls below the 33% threshold, shariah-conscious investors should avoid this stock. Thryv Holdings, Inc. operates in the Communication Services sector under the Internet Content & Information industry and is headquartered in DFW Airport, TX, US. The company is led by CEO Joseph A. Walsh and employs approximately 2,986 people.

THRY 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. THRY passed 3 of these 4 screens.

THRY was last screened on 2026-04-27. 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.