Zalaris ASA (ZAL.OL) is currently considered halal (Sharia-compliant), per In-house ratio engine (last assessed 2026-08-28). See the full ratio breakdown and business-activity screen below for the reasoning.
Computed from Yahoo Finance fundamentals (Tier-4 provider, no filing available), balance sheet as of 2025-12-31. ZAL.OL files no SEC reports, so these ratios come from the issuer's own published statements rather than XBRL.
Business activity: cleared (no excluded categories detected)
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 22.74% | 30.00% | Pass |
| Interest-bearing investments | 8.30% | 30.00% | Pass |
| Non-permissible income | 0.24% | 5.00% | Pass |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 41.85% | 33.00% | Fail |
| Interest-bearing investments | 15.28% | 33.00% | Pass |
| Non-liquid assets | 62.17% | at least 20.00% | Pass |
| Non-permissible income | 0.24% | 5.00% | Pass |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 41.85% | 33.33% | Fail |
| Cash + interest-bearing securities | 15.28% | 33.33% | Pass |
| Accounts receivable | 37.83% | 33.33% | Fail |
| Non-permissible income | 0.24% | 5.00% | Pass |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 41.85% | 33.33% | Fail |
| Cash + interest-bearing securities | 15.28% | 33.33% | Pass |
| Accounts receivable | 37.83% | 50.00% | Pass |
| Non-permissible income | 0.24% | 5.00% | Pass |
Scored against a trailing-average market cap (24-month), share-weighted by the issuer's own reported share counts — not today's market cap.
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 27.60% | 33.00% | Pass |
| Cash + interest-bearing securities | 10.08% | 33.00% | Pass |
| Accounts receivable | 14.87% | 33.00% | Pass |
| Non-permissible income | 0.24% | 5.00% | Pass |
Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 30.78% | 33.00% | Pass |
| Cash + interest-bearing securities | 11.24% | 49.00% | Pass |
| Accounts receivable | 16.58% | 49.00% | Pass |
| Non-permissible income | 0.24% | 5.00% | Pass |
Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 30.78% | 33.33% | Pass |
| Cash + interest-bearing securities | 11.24% | 33.33% | Pass |
| Accounts receivable | 27.82% | 49.00% | Pass |
| Non-permissible income | 0.24% | 5.00% | Pass |
Research only, not investment advice. Thresholds are each standard-setter's published limits; a ratio marked “at least” is a floor, not a ceiling.
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Not enough completed daily bars to compute pivots.
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally above. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 53.50 | NEUTRAL |
| Stochastic %K (14) | 41.18 | NEUTRAL |
| CCI (20) | 17.52 | NEUTRAL |
| Williams %R (14) | -58.82 | NEUTRAL |
| MACD (12,26,9) | 0.04 | BUY |
| ROC (10) | 0.99 | BUY |
| Momentum (10) | 1.00 | BUY |
| EMA (10) | 100.75 | BUY |
| SMA (10) | 101.00 | BUY |
| EMA (20) | 100.52 | BUY |
| SMA (20) | 100.50 | BUY |
| EMA (30) | 100.40 | BUY |
| SMA (30) | 99.56 | BUY |
| EMA (50) | 100.14 | BUY |
| SMA (50) | 100.36 | BUY |
| EMA (100) | 98.61 | BUY |
| SMA (100) | 99.95 | BUY |
| EMA (200) | 94.10 | BUY |
| SMA (200) | 93.85 | BUY |
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Industrials · Staffing & Employment Services
Zalaris ASA, together with its subsidiaries, provides full-service outsourced personnel and payroll services. It operates through two segments, Managed Services and Zalaris Consulting. The Managed Services segment offers a range of payroll and human resource (HR) outsourcing services, including payroll processing, time and attendance, travel expenses; and cloud-based HR functionality services, such as talent management, digital personnel archive, HR analytics, and mobile solutions, etc. Its Zalaris Consulting segment implements SAP HCM and Payroll, and SuccessFactors; and provides AMO services, which assists customers with maintenance and support of on-premises SAP solutions. The company also offers business processing outsourcing and consulting services. It operates in Norway, Sweden, Denmark, Finland, Spain, France, Ireland, the United Kingdom, Germany, Latvia, Poland, Hungary, Czechia, India, Singapore, the Philippines, Australia, and internationally. The company was formerly known as Zalaris HR Services AS and changed its name to Zalaris ASA in May 2014. Zalaris ASA was founded in 2000 and is headquartered in Oslo, Norway. Zalaris ASA operates as a subsidiary of Norvestor Equity AS.
Background via Yahoo Finance — informational, not part of the verdict.
Peer movement computing — it will appear here on its own.
NO DATA 0 buys · 0 sells
NEUTRAL report date 2026-09-01 · Asset managers net 934180 (-19048)
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.