Open Text Corporation

OTEX stock is not Shariah-compliant

مدعوم بواسطة Zoya API

About Open Text Corporation (OTEX)

Open Text Corporation is a leading provider of information management software and solutions, offering a wide range of products and services, including content services, security and protection solutions, digital investigation and forensic tools, and digital experience platforms. The company serves a diverse customer base, from organizations and enterprise companies to public sector agencies and small businesses, and has strategic partnerships with major technology providers.

الأسئلة المتداولة

Is Open Text Corporation (OTEX) stock halal to invest in?
As of , OTEX is not Shariah-compliant and therefore considered halal to invest in. This assessment is based on the data available in Open Text Corporation's most recent financial reports.
As of , OTEX is not Shariah-compliant and therefore not considered halal to invest in. This assessment is based on the data available in Open Text Corporation's most recent financial reports.
As of , OTEX is flagged as not Shariah-compliant in terms of Shariah compliance based on the company's latest financial reports. This means that while the company's operations do not definitively violate Islamic guidelines, there are certain aspects of Open Text Corporation's business that require careful consideration.
Does Open Text Corporation have any interest income?
Yes, Open Text Corporation does have interest income. According to the company's latest annual report for the fiscal year ending Jun 30, 2024, Open Text Corporation reported revenue of 5818228526 and interest income of 48651526. The interest income represents 0.84% of the combined total. It's worth noting that some companies may report additional interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
No, Open Text Corporation has not reported any interest income. According to the company's latest annual report for the fiscal year ending Jun 30, 2024, Open Text Corporation reported total revenue of 5818228526, with no separate interest income disclosed. However, it's worth noting that some companies may report interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
What guidelines are used to determine if Open Text Corporation stock is Shariah-compliant?
We use the guidelines set by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) to assess Shariah compliance. AAOIFI is a leading international organization that establishes standards for Islamic finance. Their guidelines help determine if a company's business activities and financial structure align with Islamic principles. These standards are widely respected in the Islamic finance industry and provide a consistent framework for evaluating the Shariah compliance of stocks and other financial instruments. AAOIFI's Shariah board includes renowned scholars such as Sheikh Muhammad Taqi Usmani, Sheikh Mohamed Ali Elgari, Sheikh Abdullah AlManea, Sheikh Nizam Yaquby, and Dr. Aznan Hassan.
How often is Open Text Corporation stock reviewed for Shariah compliance?
The Shariah compliance status of Open Text Corporation stock is reviewed on a regular basis, with a minimum frequency of once per quarter. However, if there are any significant changes or major developments in the company's operations that may impact its compliance, an immediate review will be conducted to ensure ongoing adherence to Shariah principles.
How can I stay updated on Open Text Corporation's compliance status?
To stay informed, we recommend regularly checking Zoya for updates. You can also enable alerts within the Zoya app to receive notifications whenever there is a change in the Shariah compliance of OTEX, or any other stocks you are monitoring. This is particularly useful as Shariah compliance can fluctuate due to changes in a company's financial ratios or business activities.
Are dividends from Open Text Corporation stock considered halal?
Yes, dividends from OTEX are considered halal. However, you may need to purify a portion of the dividend if the company has any impermissible revenue. Shariah standards typically allow up to 5% of revenue from impermissible sources for a stock to remain compliant. To find the exact percentage of impermissible revenue for Open Text Corporation (OTEX), check the Zoya app. For more details on the purification process, read our comprehensive guide.
No, dividends from OTEX are not considered halal because the stock is currently not Shariah-compliant. When a stock is non-compliant, any dividends received from it are considered impermissible income and should be donated to charity as a form of purification. To learn more about the purification process and how to handle impermissible income, read our comprehensive guide.
Do I need to pay Zakat on my Open Text Corporation shares?
If you hold Open Text Corporation stock as an investment, through an Employee Stock Ownership Plan (ESOP), stock options, restricted stock units (RSUs), or any other form of stock ownership, and meet the Nisab threshold, you may be required to pay Zakat on it. The calculation of Zakat on investments can be complex and depends on various factors. To help make this easy, we've created a free Zakat calculator for stocks. For a more seamless experience, use the Zoya mobile app, where you can link your brokerage account to automatically import holdings.

How to buy Open Text Corporation (OTEX) stock on Zoya

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