OneSpan Inc.

OSPN: Is OneSpan Inc. Halal?

OneSpan Inc.

NASDAQTechnologyUS

$16.54

+0.49%

Market Cap: 613.2M

Compliance Status

Halal

Screened on Aug 30, 2026 · AAOIFI Standard 21

A+

Excellent

92Score

Is OneSpan Inc. (OSPN) halal? Halal. Based on AAOIFI screening, OneSpan Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 92/100 (Grade: A+).

Quote this verdict

HalalScreener rates OneSpan Inc. (OSPN) Halal, 92/100, grade A+ under AAOIFI Standard 21, screened Aug 30, 2026. Source: https://halalscreener.app/en/stock/OSPN

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%.

1.0% of 30.0% limit

What this means for you

You can own OSPN

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purification amount is Pro

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

About OneSpan Inc.

Globally, OneSpan Inc., along with its affiliated entities, focuses on creating, developing, and marketing digital solutions designed to enhance identity management, strengthen security, and boost business productivity. The company's diverse product range includes OneSpan Sign, an electronic signature platform capable of addressing needs from occasional document agreements to high-volume transaction processing. It also offers OneSpan Cloud Authentication, a cloud-based multifactor authentication (MFA) system supporting a variety of verification methods such as biometrics, push notifications, visual cryptograms for transaction signing, SMS, and hardware authenticators. Financial institutions and banks benefit from its OneSpan Identity Verification service, which facilitates secure identity confirmation. Further expanding its portfolio, OneSpan provides the Mobile Security Suite, a comprehensive software development kit, and Mobile Authenticator Studio, a standalone mobile authentication application. The company also supplies authentication servers, enabling clients to implement robust access control measures. Complementing these offerings are the Trusted Identity Platform, a cloud-based solution engineered to simplify and secure user journeys, Intelligent Adaptive Authentication, and Risk Analytics, an extensive anti-fraud system. OneSpan disseminates its solutions through a combination of its dedicated direct sales force and a network of distributors, resellers, systems integrators, and original equipment manufacturers (OEMs). Founded in 1991 and based in Chicago, Illinois, the company rebranded as OneSpan Inc. in May 2018, having previously been known as VASCO Data Security International, Inc. It was also formerly a subsidiary of Guidewire Software, Inc.

Sector: Technology · Industry: Software - Infrastructure

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 30, 2026

Compliance History

  1. Halalnow

    since Jun 2026

  2. Doubtful

    until the change above

  3. Not Halal

    until the change above

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

Fiscal: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is OneSpan Inc. (OSPN) halal to invest in?
Based on AAOIFI Standard 21 screening, OneSpan Inc. (OSPN) is rated Halal with a compliance grade of A+ (Excellent). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did OneSpan Inc. get a A+ compliance rating?
OneSpan Inc. (OSPN) received a grade of A+ (Excellent) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 1.0% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change OneSpan Inc.'s Shariah verdict?
OneSpan 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 OneSpan Inc. re-screened for Shariah compliance?
OneSpan Inc. (OSPN) 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 30, 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.