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

Itron, Inc.

ITRI: Is Itron, Inc. Halal?

Not Halal

Itron, Inc.

NASDAQTechnologyUS

$80.72

+1.31%

About Itron, Inc.

Itron, Inc. is a global technology and services firm that offers comprehensive solutions for managing operations within the energy, water, and smart city domains. Its business is organized into three distinct divisions: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment is responsible for providing physical hardware products designed for tasks such as measurement, control, and sensing. The Networked Solutions division specializes in integrated systems, combining communicating devices like smart meters, modules, endpoints, and sensors with essential network infrastructure and specific application software for efficient data collection and transfer. The Outcomes segment delivers sophisticated, value-added software and services focused on handling, structuring, analyzing, and interpreting data. This helps improve decision-making, maximize profitability, boost resource efficiency, and achieve desired results for consumers, utility companies, and urban centers. Additionally, Itron offers a suite of support services, including solution implementation, project coordination, system installation, expert consulting, and post-sale maintenance. It also provides cloud and Software-as-a-Service (SaaS) offerings, as well as extended or customized warranty options. All products and services are marketed under the singular Itron brand. The company reaches its target clients, primarily utility providers and municipalities, through a combination of its direct sales force and an extensive indirect network that includes distributors, sales representatives, partners, and meter manufacturer representatives. Itron, Inc. was founded in 1977 and maintains its corporate headquarters in Liberty Lake, Washington.

Sector: Technology 路 Industry: Hardware, Equipment & Parts

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 12, 2026
F

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 Cap35.3% / 30.0%

Compliance History

Not Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

Tracked since Jun 2026. Updates automatically on each re-screen.

Screened: Jun 12, 2026Fiscal: Q1 2026Source: FMP

Financial Overview

Market Cap

3.6B

Price

$80.72

Sector

Technology

Industry

Hardware, Equipment & Parts

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 Itron, Inc. (ITRI) halal to invest in?
Itron, Inc. (ITRI) 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 Itron, Inc. get a F compliance rating?
Itron, Inc. (ITRI) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 35.3% (limit 30%); interest-bearing deposits of 28.5% (limit 30%); prohibited income of 0.38% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Itron, Inc.'s Shariah verdict?
Itron, 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 Itron, Inc. re-screened for Shariah compliance?
Itron, Inc. (ITRI) 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.