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

PicoCELA Inc.

PCLA: Is PicoCELA Inc. Halal?

Not Halal

PicoCELA Inc.

NASDAQCommunication ServicesJP

$6.80

-20.28%

About PicoCELA Inc.

PicoCELA Inc. engages in the manufacture, installation, and service for enterprise wireless mesh solutions in Japan. The company offers mesh Wi-Fi access points, a PCWL series, which are equipped with separate wireless modules for backhaul and access networks; and PicoManager, a cloud system service for configuration and monitoring of connected mesh Wi-Fi devices. It also licenses its patented wireless mesh technology to third-party manufacturers. The company serves its products to construction, civil engineering, factories, shopping malls, and retail chain stores. PicoCELA Inc. was incorporated in 2008 and is headquartered in Tokyo, Japan.

Sector: Communication Services 路 Industry: Telecommunications Services

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 17, 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 Cap6042.5% / 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 17, 2026Fiscal: FY 2025Source: FMP

Financial Overview

Market Cap

6.2M

Price

$6.80

Sector

Communication Services

Industry

Telecommunications Services

Halal Alternatives in Communication Services

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 PicoCELA Inc. (PCLA) halal to invest in?
PicoCELA Inc. (PCLA) 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 PicoCELA Inc. get a F compliance rating?
PicoCELA Inc. (PCLA) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 6042.5% (limit 30%); interest-bearing deposits of 11406.5% (limit 30%); prohibited income of 0.61% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change PicoCELA Inc.'s Shariah verdict?
PicoCELA 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 PicoCELA Inc. re-screened for Shariah compliance?
PicoCELA Inc. (PCLA) 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 17, 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.