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Is UPWORK, INC (UPWK) stock halal?
Above the AAOIFI thresholds; 1 more lenient standard admits it.
This verdict follows the median view, that of AAOIFI Standard No. 21. It is based on the financial statements for the fiscal year ended 12/31/2025.
The ratios
| Criterion | Measure | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 21.7% of market capitalization | 30% | within threshold |
| Interest-bearing investments | 40.6% of market capitalization | 30% | threshold exceeded |
| Impermissible income | 3.5% of revenue | 5% | within threshold |
Standard: AAOIFI, Standard No. 21.
Margin to threshold and trend
| Item | Ratio (fiscal year end) | Threshold (AAOIFI, Standard No. 21) | Margin | Change since year end | Estimated ratio |
|---|---|---|---|---|---|
| Interest-bearing debt | 21.7% | 30% | 8.3% | +0.3% | 21.8% |
| Interest-bearing investments | 40.6% | 30% | −10.6% | -8.7% | 37.1% |
Change read from the quarterly financial statements filed with the SEC (form 10-Q ended 06/30/2026, 2 quarters after fiscal year end), with the same reader on both dates. The estimated ratio applies this change to the annual ratio, with market capitalization unchanged: it is an estimate, not a verdict. "On watch" flags a permitted company whose estimated ratio reaches the threshold, or is within 5 points of the threshold and rising. This is neither a forecast nor advice.
The three views
- Median view, our reference : the company is excluded.
- Strictest view : the company is excluded, because it borrows or invests at interest.
- Most lenient view : the company is admitted (Al Rajhi).
Business activity
Services-Computer Processing & Data Preparation (SIC code 7374)
Financial statements read
Fiscal year ended 12/31/2025, in millions of dollars. Source: SEC EDGAR: annual reports of UPWORK, INC.
What could not be verified
- Activity classified from the SEC sector code, without reading the annual report.
- Figures read automatically and not reviewed by a human.
Status history
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In the same sector
- Alphabet Inc. Permitted
- MICROSOFT CORP Permitted
- Meta Platforms, Inc. Permitted
- Palantir Technologies Inc. Prohibited
- ORACLE CORP Prohibited
- CrowdStrike Holdings, Inc. Permitted
- SHOPIFY INC. Questionable
- Salesforce, Inc. Permitted
Compliance comparison only: no opinion on the value of these securities.
General information: neither investment advice nor a fatwa. Verdict calculated by published rules, from financial statements read automatically and not reviewed by a human. Read the methodology