DAY

Dayforce, Inc.

HALAL

Score: 80/100

stock

Is DAY Halal?

Cloud human-capital-management and payroll software — a permissible SaaS business, though payroll-float interest income should be screened and purified.

What You Should Know

Dayforce, Inc. (formerly Ceridian) provides a cloud-based human-capital-management platform covering payroll, workforce management, benefits, and HR for employers. Selling enterprise SaaS is a permissible activity with no inherent haram revenue line, and the recurring subscription model is the core of the business. The one item to watch is that payroll providers earn float income (interest) on customer funds held in transit, plus interest on their own cash; this is an incidental, not core, revenue stream but should be confirmed against the 5% interest-income threshold and purified. Debt is moderate and should be re-checked against the 33% threshold, but the company generally screens as compliant.

⚠️ Concerns

•Payroll float and interest income on customer funds and cash should be confirmed against the 5% threshold and the corresponding portion of returns purified
•Confirm total debt / market cap stays under the 33% threshold against the latest filings
•If float-based interest grows as a share of revenue, the verdict should be re-screened