What is PowerFleet, Inc.'s Shariah compliance score?

PowerFleet, Inc.'s (AIOT) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does PowerFleet, Inc. pass AAOIFI screening?

PowerFleet, Inc. (AIOT) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (AIOT: 43.1%), (3) interest-bearing deposits below 30% (AIOT: 3.2%), and (4) prohibited income below 5% (AIOT: 0.1%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for PowerFleet, Inc. stock?

PowerFleet, Inc. (AIOT) has a non-permissible income ratio of 0.08%. Muslim investors should purify this percentage of any dividends received and capital gains realized from AIOT shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen PowerFleet, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for PowerFleet, Inc. (AIOT) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about AIOT's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

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

AIOT: Is PowerFleet, Inc. Halal?

Not Halal

PowerFleet, Inc.

NASDAQTechnologyUS

$3.84

-1.79%

AvoidBorderlineClean

About PowerFleet, Inc.

Operating across the United States, Israel, and other international markets, PowerFleet, Inc. specializes in wireless Internet-of-Things (IoT) solutions designed for asset management. The company's technology gathers real-time Internet-of-Things (IoT) data from a wide range of assets using specialized devices and sensors. This allows organizations to gain immediate insights, leading to improved operational efficiencies, enhanced safety and security protocols, and ultimately, increased profitability. These insights are delivered through user-friendly reports, intuitive dashboards, and instant alerts. Furthermore, PowerFleet provides application programming interfaces (APIs) to facilitate seamless integration with existing enterprise management systems and third-party applications. In addition to its core offerings, PowerFleet extends its services to include hosting, ongoing maintenance, comprehensive support, and strategic consulting. It also offers a Software-as-a-Service (SaaS) model, encompassing system monitoring, technical help desk assistance, development of escalation procedures, regular diagnostic data analysis, and timely software updates. Its diverse product portfolio is marketed under the PowerFleet, Pointer, and Cellocator brand names. PowerFleet caters to a broad clientele, serving both commercial enterprises and government entities across numerous sectors. These include general and automotive manufacturing, wholesale and retail, food and grocery distribution, pharmaceutical and medical distribution, construction, mining, utilities, heavy industry, aerospace and defense, homeland security, and various segments of the transportation industry, such as vehicle rental, logistics, shipping, and freight. The company utilizes both direct sales approaches and indirect channels, partnering with original equipment manufacturers (OEMs), vehicle importers, distributors, and industrial equipment dealers. Established in 1993, the company, formerly known as I.D. Systems, Inc., maintains its corporate headquarters in Woodcliff Lake, New Jersey.

Sector: Technology · Industry: Communication Equipment

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap43.1% / 30.0%

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.

Screened: Jun 18, 2026Fiscal: FY 2026Source: EDGAR

Financial Overview

Market Cap

515.1M

Price

$3.84

Sector

Technology

Industry

Communication Equipment

Halal Alternatives in Technology

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Frequently Asked Questions

Is PowerFleet, Inc. (AIOT) halal to invest in?

PowerFleet, Inc. (AIOT) 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 PowerFleet, Inc. get a F compliance rating?

PowerFleet, Inc. (AIOT) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 43.1% (limit 30%); interest-bearing deposits of 3.2% (limit 30%); prohibited income of 0.08% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change PowerFleet, Inc.'s Shariah verdict?

PowerFleet, 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 PowerFleet, Inc. re-screened for Shariah compliance?

PowerFleet, Inc. (AIOT) 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: Jun 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.