diff --git a/python/ql/src/Security/CWE-798/HardcodedCredentials.ql b/python/ql/src/Security/CWE-798/HardcodedCredentials.ql
index 1e7b4452a9a6..a8deaafca0b3 100644
--- a/python/ql/src/Security/CWE-798/HardcodedCredentials.ql
+++ b/python/ql/src/Security/CWE-798/HardcodedCredentials.ql
@@ -64,7 +64,9 @@ predicate maybeCredential(ControlFlowNode f) {
     ) and
     not possible_reflective_name(str.getText()) and
     not capitalized_word(str) and
-    not format_string(str)
+    not format_string(str) and
+    /* Not a dotted Python module/class path (e.g., "django.contrib.auth.hashers.PBKDF2PasswordHasher") */
+    not str.getText().regexpMatch("[a-zA-Z_][a-zA-Z0-9_]*(\\.[a-zA-Z_][a-zA-Z0-9_]*){2,}")
   )
   or
   /* Or, an integer with over 32 bits */
diff --git a/python/ql/test/query-tests/Security/CWE-798-HardcodedCredentials/test_module_paths.py b/python/ql/test/query-tests/Security/CWE-798-HardcodedCredentials/test_module_paths.py
new file mode 100644
index 000000000000..fe4f5b1ee863
--- /dev/null
+++ b/python/ql/test/query-tests/Security/CWE-798-HardcodedCredentials/test_module_paths.py
@@ -0,0 +1,22 @@
+# Test that dotted module/class paths are not flagged as hardcoded credentials.
+# These are commonly used in Django settings for PASSWORD_HASHERS, backends, etc.
+
+PASSWORD_HASHERS = [
+    "django.contrib.auth.hashers.PBKDF2PasswordHasher",
+    "django.contrib.auth.hashers.PBKDF2SHA1PasswordHasher",
+    "django.contrib.auth.hashers.Argon2PasswordHasher",
+]
+
+AUTHENTICATION_BACKENDS = [
+    "django.contrib.auth.backends.ModelBackend",
+    "allauth.account.auth_backends.AuthenticationBackend",
+]
+
+MIDDLEWARE = [
+    "django.middleware.security.SecurityMiddleware",
+    "django.contrib.sessions.middleware.SessionMiddleware",
+]
+
+# This should still be flagged - actual credential
+def connect():
+    client.connect(password="s3cr3t_passw0rd_12345")  # this is a real credential