Is Evolv Technologies Holdings, Inc. (EVLV) halal? Not Halal. Based on AAOIFI screening, Evolv Technologies Holdings, Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Evolv Technologies Holdings, Inc.

EVLV: Is Evolv Technologies Holdings, Inc. Halal?

Not Halal

Evolv Technologies Holdings, Inc.

NASDAQIndustrialsUS

$6.14

+5.14%

About Evolv Technologies Holdings, Inc.

Evolv Technologies Holdings, Inc. delivers sophisticated, artificial intelligence (AI)-powered, hands-free security screening technologies. Among its core offerings is Evolv Express, a contactless security system designed to pinpoint firearms, improvised explosive devices (IEDs), and tactical knives, enabling individuals to proceed through checkpoints without altering their pace. The company also provides Evolv Insights, a platform offering self-serve analytics on visitor flow, arrival curves, site-specific performance, system detection accuracy, and alarm statistics. Furthermore, Evolv Edge is available, capable of identifying both non-metallic and traditional explosive devices, firearms, and tactical knives, all without requiring visitors to divest items or empty their pockets. The company's principal operations are based in Waltham, Massachusetts.

Sector: Industrials 路 Industry: Security & Protection Services

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 12, 2026
F

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Failed

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

  • Prohibited activity detected: firearms

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap2.6% / 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 12, 2026Fiscal: Q1 2026Source: FMP

Financial Overview

Market Cap

1.1B

Price

$6.14

Sector

Industrials

Industry

Security & Protection Services

Halal Alternatives in Industrials

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

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$15.76

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Frequently Asked Questions

Is Evolv Technologies Holdings, Inc. (EVLV) halal to invest in?
Evolv Technologies Holdings, Inc. (EVLV) 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 Evolv Technologies Holdings, Inc. get a F compliance rating?
Evolv Technologies Holdings, Inc. (EVLV) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 2.6% (limit 30%); interest-bearing deposits of 5.8% (limit 30%); prohibited income of 1.22% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Evolv Technologies Holdings, Inc.'s Shariah verdict?
Evolv Technologies Holdings, 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 Evolv Technologies Holdings, Inc. re-screened for Shariah compliance?
Evolv Technologies Holdings, Inc. (EVLV) 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 12, 2026.

Screened according to AAOIFI Standard No. 21 路 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.