What is CSG Systems International, Inc.'s Shariah compliance score?

CSG Systems International, Inc. (CSGS) has a Shariah compliance score of 70/100 (Grade: B+, Good) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does CSG Systems International, Inc. pass AAOIFI screening?

CSG Systems International, Inc. (CSGS) partially passes with caution AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (CSGS: 25.5%), (3) interest-bearing deposits below 30% (CSGS: 7.8%), and (4) prohibited income below 5% (CSGS: 0.4%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for CSG Systems International, Inc. stock?

CSG Systems International, Inc. (CSGS) has a non-permissible income ratio of 0.43%. Muslim investors should purify this percentage of any dividends received and capital gains realized from CSGS shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen CSG Systems International, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for CSG Systems International, Inc. (CSGS) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about CSGS's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

CSGS: Is CSG Systems International, Inc. Halal?

CSG Systems International, Inc.

NASDAQTechnologyUS

$80.69

+0.00%

Market Cap: 2.3B

Compliance Status

Doubtful

Screened on Jul 18, 2026 · AAOIFI Standard 21

B+

Good

70Score

Is CSG Systems International, Inc. (CSGS) halal? Doubtful. Based on AAOIFI screening, CSG Systems International, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 70/100 (Grade: B+).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

25.5% of 30.0% limit

What this means for you

You may own CSGS, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purify 0.4% of your income from CSGS

That is about $0.40 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About CSG Systems International, Inc.

CSG Systems International, Inc. provides revenue management and digital monetization, customer engagement, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS based platform; related solutions, including field force automation, analytics, electronic bill presentment, ACH, etc. to the North American cable and satellite markets. The company also provides managed services; and professional services to implement, configure, and maintain its solutions, as well as licenses various solutions, such as mediation, partner management, rating, and charging. It serves retail, financial services, healthcare, insurance, and government entities. The company was incorporated in 1994 and is headquartered in Greenwood Village, Colorado.

Sector: Technology · Industry: Software - Infrastructure

Why This Stock Is Doubtful

Debt is 25.5% of market cap, only 4.5 points below the 30% AAOIFI limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Compliance History

Doubtful, unchanged since Jun 2026.

No status changes recorded since we began tracking.

Tracked since Jun 2026. Updates automatically on each re-screen.

Fiscal: FY 2025Data source: FMP

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Frequently Asked Questions

Is CSG Systems International, Inc. (CSGS) halal to invest in?

CSG Systems International, Inc. (CSGS) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.

Why did CSG Systems International, Inc. get a B+ compliance rating?

CSG Systems International, Inc. (CSGS) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 25.5% (limit 30%); interest-bearing deposits of 7.8% (limit 30%); prohibited income of 0.43% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change CSG Systems International, Inc.'s Shariah verdict?

CSG Systems International, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is CSG Systems International, Inc. re-screened for Shariah compliance?

CSG Systems International, Inc. (CSGS) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jul 18, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.