Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is Guidewire Software, Inc. (GWRE) Halal?

PASS

Guidewire Software, Inc. · NYSE: GWRE · Technology

The short answer

Guidewire Software passes all three Shariah gates: it sells insurance software (no interest-based business), carries about $678.1M of interest-bearing debt (5.25% of its ~$12.92 billion market cap), and interest income of about 3.29% of revenue is under the 5% ceiling.

Gate 1 — Business activity: PASS

Gate 1 — business activity: PASS. Guidewire Software, Inc., per its fiscal 2026 results announcement (year ended July 31, 2026, September 3, 2026) and business descriptions, provides software products for property and casualty insurers worldwide: Guidewire InsuranceSuite (PolicyCenter for policy administration, BillingCenter for billing, ClaimCenter for claims management), InsuranceNow, cloud platforms, digital engagement applications, predictive analytics, and AI tools, plus professional services.

More than 570 insurers in 44 countries rely on Guidewire products. It is a software company, not an interest-based lender, and is not involved in tobacco, gambling, pork, or conventional banking or insurance. Selling enterprise software to insurance companies is a technology business, not interest-based finance. The business passes gate 1.

Gate 2 — Debt and cash: PASS

Gate 2 — interest-bearing debt: PASS (5.25%, ceiling 33%). Guidewire's interest-bearing debt consists of convertible senior notes, totaling about $678.1 million at July 31, 2026 (end of fiscal 2026, per MarketBeat; the Q2 fiscal 2026 balance sheet showed $676,323 thousand of convertible senior notes, net).

$678.1 million of interest-bearing debt against a market capitalization of about $12.92 billion (americanbankingnews, October 2, 2026; Finnhub XNYS live quote the same day) is about 5.25%, under the 33% ceiling. Cash, cash equivalents, and investments of $1,215.3 million at July 31, 2026 represent about 9.4% of market cap.

Gate 3 — Non-compliant income: PASS

Gate 3 — non-compliant income: PASS (3.29%, ceiling 5%). Guidewire's fiscal 2026 results separately disclose $48,564 thousand of interest income on its own income-statement line against total revenue of $1,475,363 thousand — about 3.29%, under the 5% ceiling (interest expense was $13,324 thousand).

Fiscal 2025 interest income was $56,625 thousand against $1,202,459 thousand of revenue (about 4.71%), also under the ceiling. The most recent annual figure (3.29%) is used for this gate.

Key figures used

Frequently asked questions

What does Guidewire Software do?

Guidewire Software, Inc. (NYSE: GWRE) provides software platforms for property and casualty (P&C) insurers worldwide. Per its fiscal 2026 results (year ended July 31, 2026, announced September 3, 2026), its flagship Guidewire InsuranceSuite covers policy administration (PolicyCenter), billing (BillingCenter), and claims management (ClaimCenter), alongside InsuranceNow, cloud hosting, digital engagement, data and analytics, and AI tools. More than 570 insurers in 44 countries use its products. Fiscal 2026 revenue was $1,475.4 million, up 23%, led by subscription and support revenue of $970.9 million. Founded in 2001 and headquartered in San Mateo, California.

Is Guidewire Software's business Shariah compliant?

Guidewire sells enterprise software and services to insurers - it is not an interest-based lender and is not involved in tobacco, gambling, pork, or conventional banking or insurance. Its customers are insurance companies, but selling software to insurers is a technology business, not interest-based finance. Assessed on the filed business description, the business passes this screener's first gate.

How much interest-bearing debt does Guidewire Software have?

Guidewire's interest-bearing debt is convertible senior notes totaling about $678.1 million at July 31, 2026 (end of fiscal 2026, per MarketBeat; the Q2 fiscal 2026 balance sheet showed $676,323 thousand of convertible senior notes, net). Against a market capitalization of about $12.92 billion (americanbankingnews, October 2, 2026), that is about 5.25% - under the 33% ceiling. Cash, cash equivalents, and investments of $1,215.3 million at July 31, 2026 (per the company's fiscal 2026 release) represent about 9.4% of market capitalization.

How much interest income does Guidewire Software earn?

Guidewire's fiscal 2026 results separately disclose interest income of $48,564 thousand against total revenue of $1,475,363 thousand - about 3.29%, under the 5% non-compliant income ceiling. Interest expense was $13,324 thousand. Fiscal 2025 interest income was $56,625 thousand against $1,202,459 thousand of revenue (about 4.71%), also under the ceiling.

What do third-party Shariah screeners say about Guidewire Software?

Zoya publishes a GWRE page citing the same fiscal 2026 figures ($48,564 thousand interest income against $1,475,363 thousand revenue, about 3.29%) under its AAOIFI methodology, but its page currently flags GWRE as 'questionable' rather than compliant - the page text did not render cleanly enough in a text fetch to pin down the exact reason. I could not verify a Musaffa rating page for GWRE or a ShariaPortfolio rating from public sources. Third-party screeners apply different assumptions and update on different schedules, and their results can change when new financial statements are published - always check the latest screening before investing.

Sources

Screened 2026-10-02 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).