Endava plc

DAVA: Is Endava plc Halal?

Endava plc

NYSETechnologyGB

$3.02

+0.33%

Market Cap: 161.8M

Compliance Status

Not Halal

Screened on Sep 3, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Endava plc (DAVA) halal? Not Halal. Based on AAOIFI screening, Endava plc passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Endava plc (DAVA) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 3, 2026. Source: https://halalscreener.app/en/stock/DAVA

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

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

187.7% of 30.0% limit

What this means for you

Most scholars advise not holding DAVA

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Endava plc

Endava plc, established in 2000 and headquartered in London, UK, provides extensive technology and digital transformation services to a worldwide customer base. They serve diverse verticals, including consumer products, healthcare, mobility, and retail, with operations across Europe, Latin America, and North America. The company offers strategic guidance, including technology and digital advisory services focused on the payments, financial services, and TMT (Technology, Media, and Telecommunications) sectors. Their expertise also covers IT strategy development, in-depth business analysis, program leadership, and crafting digital product strategies. Endava is adept in architectural design, developing extended reality solutions, and implementing advanced machine learning and artificial intelligence capabilities. Their creative teams specialize in product design, user experience (UX), and visual design. Furthermore, they excel in identifying, defining, and integrating collaborative data and analytics platforms for businesses. Operationally, Endava delivers a broad spectrum of services: automated testing, cloud-native software development, continuous and distributed agile delivery models, intelligent automation, and secure development practices. They also support clients with agile applications management, robust cloud infrastructure, DevSecOps integration, comprehensive service delivery, smart desk support, and sophisticated telemetry and monitoring systems.

Sector: Technology · Industry: Information Technology Services

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 3, 2026

Compliance History

  1. Not Halalnow

    since Aug 2026

  2. Under Review

    until the change above

  3. Not Halal

    until the change above

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

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Technology

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Frequently Asked Questions

Is Endava plc (DAVA) halal to invest in?
Endava plc (DAVA) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Endava plc get a F compliance rating?
Endava plc (DAVA) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 187.7% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Endava plc's Shariah verdict?
Endava plc'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 Endava plc re-screened for Shariah compliance?
Endava plc (DAVA) 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: Sep 3, 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.