UPWKNot HalalF
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Compliance Status

Not Halal

Screened on Oct 18, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

Quote this verdict

HalalScreener rates Upwork Inc. (UPWK) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 18, 2026. Source: https://halalscreener.app/en/stock/UPWK

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%.

34.0% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding UPWK

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Upwork Inc.

UPWK: Is Upwork Inc. Halal?

Upwork Inc.

NASDAQIndustrialsUS

$8.43

Market Cap: 1.1B

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About Upwork Inc.

Upwork Inc., operating alongside its subsidiaries, provides a leading online work marketplace that connects businesses globally with independent professionals and agencies, spanning the United States, India, the Philippines, and other international markets. The platform grants clients access to a vast and diverse pool of talent, covering a wide array of specializations. These include key areas like sales and marketing, customer service, data science and analytics, creative design, and various aspects of web, mobile, and software development. Beyond talent acquisition, the marketplace also streamlines key operational workflows for businesses, such as sourcing candidates, managing outreach, and facilitating contract agreements. To support effective remote collaborations, Upwork offers a suite of functionalities, including robust communication and collaboration tools, simplified invoicing directly through the platform, and comprehensive payment protection. Upwork's marketplace offerings encompass various service tiers, such as Upwork Basic, Plus, Enterprise, and Payroll solutions, alongside managed and internet escrow agency services. Originally incorporated in 2013 and initially known as Elance-oDesk, Inc., the company rebranded to Upwork Inc. in May 2015. It maintains its headquarters in San Francisco, California.

Sector: Industrials · Industry: Staffing & Employment Services

Why this does not pass

  • Interest-bearing debt is 34.0% of market cap, over the 30% AAOIFI limit.
  • Interest-bearing deposits are over the 30% limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 18, 2026

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Screened according to AAOIFI Standard 21

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is Upwork Inc. (UPWK) halal to invest in?
Upwork Inc. (UPWK) 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 Upwork Inc. get a F compliance rating?
Upwork Inc. (UPWK) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 34.0% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Upwork Inc.'s Shariah verdict?
Upwork 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 Upwork Inc. re-screened for Shariah compliance?
Upwork Inc. (UPWK) 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: Oct 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.