Forrester Research, Inc.

FORR: Is Forrester Research, Inc. Halal?

Forrester Research, Inc.

NASDAQIndustrialsUS

$12.03

+0.42%

Market Cap: 233.5M

Compliance Status

Doubtful

Screened on Aug 26, 2026 · AAOIFI Standard 21

B

Acceptable

66Score

Is Forrester Research, Inc. (FORR) halal? Doubtful. Based on AAOIFI screening, Forrester Research, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 66/100 (Grade: B).

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

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

15.0% of 30.0% limit

What this means for you

You may own FORR, with caution

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

Purification amount is Pro

We have screened FORR's prohibited income, but the exact share you would need to purify is part of Pro.

About Forrester Research, Inc.

Forrester Research, Inc. operates as an autonomous provider of research and advisory solutions. The company's business activities are structured into three primary divisions: Research, Consulting, and Events. Within its Research division, Forrester provides key subscription offerings such as Forrester Research, SiriusDecisions Research, and Forrester Decisions. These services are specifically engineered to equip business and technology leaders with the insights needed to foster growth by prioritizing customer experience. This segment delivers diverse content, including projections on future trends, market outlooks, extensive data and understanding of consumer and business purchasing behaviors, refined best practice models and operational tools, performance benchmarking data, and comprehensive analyses of technology and service landscapes, complete with vendor assessments. All this information is readily available via online platforms. The Consulting division executes various client projects. These range from assessing organizational maturity and identifying top strategies to building business cases, aiding in technology vendor selection, designing optimal organizational structures, creating content marketing materials, and developing sales enablement tools. Additionally, it offers general advisory expertise. Through its Events division, Forrester hosts a variety of in-person and virtual conferences. These gatherings cover critical themes such as B2B marketing, sales and product leadership, customer experience enhancement, cybersecurity and risk management, new technological advancements, and data analytics strategies. The company markets its products and services worldwide through its dedicated direct salesforce, serving clients throughout the United States, Europe, the United Kingdom, Canada, the Asia Pacific region, and other international markets. Forrester Research, Inc. was incorporated in 1983 and maintains its headquarters in Cambridge, Massachusetts.

Sector: Industrials · Industry: Consulting Services

Why This Stock Is Doubtful

  • Interest-bearing deposits are 25.5% of market cap, only 4.5 points below the 30% 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 Aug 26, 2026

Compliance History

Doubtful, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is Forrester Research, Inc. (FORR) halal to invest in?
Forrester Research, Inc. (FORR) 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 Forrester Research, Inc. get a B compliance rating?
Forrester Research, Inc. (FORR) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 15.0% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Forrester Research, Inc.'s Shariah verdict?
Forrester Research, 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 Forrester Research, Inc. re-screened for Shariah compliance?
Forrester Research, Inc. (FORR) 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: Aug 26, 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.