Is Ondas Holdings Inc. (ONDS) halal? Doubtful. Based on AAOIFI screening, Ondas Holdings Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 67/100 (Grade: B).

Ondas Holdings Inc.

ONDS: Is Ondas Holdings Inc. Halal?

Doubtful

Ondas Holdings Inc.

NASDAQTechnologyUS

$9.83

+5.59%

Purify ~4.7% of income

About Ondas Holdings Inc.

Ondas Holdings Inc. delivers specialized private wireless, uncrewed aerial vehicle (UAV), and automated data solutions through its operating subsidiaries. The company is structured into two main segments: Ondas Networks and American Robotics. Ondas Networks is responsible for the design, development, manufacturing, sales, and support of FullMAX, an advanced software-defined radio (SDR) platform for wide-area broadband communication. This FullMAX SDR system guarantees highly secure, dependable, and robust industrial-grade connectivity vital for mission-critical applications. American Robotics, the second segment, offers a comprehensive automated drone ecosystem. This includes the AI-driven Scout Drone, equipped with imaging capabilities; the durable ScoutBase, which functions as a housing, charging, data processing, and cloud transfer hub; and ScoutView, their dedicated analytics and user interface software package. Ondas caters to a diverse range of critical sectors, including railway systems, energy, mining, agriculture, and essential infrastructure, serving clients both domestically in the United States and internationally. The corporate headquarters for Ondas Holdings Inc. are located in Waltham, Massachusetts.

Sector: Technology 路 Industry: Communication Equipment

Why This Stock Is Doubtful

  • Non-compliant income is 4.7% of revenue, only 0.3 points below the 5% limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 12, 2026
B

Acceptable

Acceptable but room for improvement

67Score

Business Activity Screen

Passed

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

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap0.0% / 30.0%

Compliance History

  1. Doubtfulnow

    since Jun 2026

  2. Not Halal

    until the change above

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

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

Purify Your ONDS Dividends

4.7% non-compliant income

ONDS has 4.7% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

5.0B

Price

$9.83

Sector

Technology

Industry

Communication Equipment

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Frequently Asked Questions

Is Ondas Holdings Inc. (ONDS) halal to invest in?
Ondas Holdings Inc. (ONDS) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.
Why did Ondas Holdings Inc. get a B compliance rating?
Ondas Holdings Inc. (ONDS) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.0% (limit 30%); interest-bearing deposits of 11.5% (limit 30%); prohibited income of 4.73% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Ondas Holdings Inc.'s Shariah verdict?
Ondas 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 Ondas Holdings Inc. re-screened for Shariah compliance?
Ondas Holdings Inc. (ONDS) 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.