Is TYL (Tyler Technologies, Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, TYL 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 (4.62% vs ≤33% threshold), interest income ratio (0.00% vs ≤5% threshold), and cash & securities ratio (7.50% vs ≤33% threshold).

Tyler Technologies, Inc. is a leading provider of integrated software and technology services specifically designed for the public sector. The company operates through segments like Enterprise Software and NIC, offering solutions that automate municipal courts, manage utility billing, and handle fund accounting for government agencies. For Muslim investors, TYL represents a strong Halal investment option, having successfully passed all four AAOIFI screening criteria. The company's focus on software for government and non-profit entities ensures its core business activities do not involve impermissible elements like interest-based lending, gambling, or alcohol. From an Islamic finance perspective, Tyler Technologies boasts exceptional financial health with a debt-to-market cap ratio of just 4.6%. Furthermore, its cash and securities sit at a comfortable 7.5% of its market cap, and it generates zero non-compliant interest income, making its financial structure highly favorable for strict Shariah compliance. Since there are no major scholarly debates regarding public sector software, investors can hold this stock with confidence. However, as with any growing tech company, investors should periodically monitor its future acquisitions to ensure new revenue streams remain compliant. Tyler Technologies, Inc. operates in the Technology sector under the Software - Application industry and is headquartered in Plano, TX, US. The company is led by CEO H. Lynn Moore Jr. and employs approximately 7,462 people.

TYL 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. TYL passed 4 of these 4 screens.

TYL has negligible interest income, so purification may not be necessary. However, it is always advisable to consult a qualified scholar regarding your specific investment situation.

TYL 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.