Is Powerfleet, Inc. (AIOT) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 63.1% / 30% | 9.8% / 30% | 20.4% / 30% | 0.26% / 5% | ✗ NOT HALAL |
| DJIM | 63.1% / 33% | 9.8% / 33% | 20.4% / 33% | 0.26% / 5% | ✗ NOT HALAL |
| MSCI | 31.5% / 33% | 4.9% / 33% | 10.2% / 33% | 0.26% / 5% | ✓ HALAL |
| S&P | 63.1% / 33% | 9.8% / 33% | 20.4% / 33% | 0.26% / 5% | ✗ NOT HALAL |
| FTSE | 31.5% / 33% | 4.9% / 33% | 10.2% / 50% | 0.26% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 54.6% | |
| Operating Margin | 7.6% | |
| Net Margin | -7.0% | |
| Return on Equity (ROE) | -6.4% | |
| Return on Assets (ROA) | 1.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$3M |
| Free Cash Flow | -$37M |
| Total Debt | $287M |
| Debt-to-Equity | 59.8 |
| Current Ratio | 1.1 |
| Total Assets | $910M |
Price & Trading
| Last Close | $2.98 |
| 50-Day MA | $4.00 |
| 200-Day MA | $4.66 |
| Avg Volume | 1.5M |
| Beta | 1.4 |
|
52-Week Range
$2.78
| |
About Powerfleet, Inc. (AIOT)
PowerFleet, Inc. provides artificial intelligence-of-things (AIoT) solutions in North America, Israel, Africa, Europe, the Middle East, Australia, and internationally. Its unity solution portfolio includes unity platform that enables integration with AIoT devices and third-party business systems to a data highway that powers artificial intelligence-driven insights to help customers save lives, time, and money; software as a service based unity modules, which comprises vehicle, video, and in-warehouse IoT for customers to gain visibility and AI-powered insights into their people, assets, and business processes to manage utilization and maintenance, safety, fuel and energy management, and compliance and high-risk incidents; and open application programming interfaces for additional integrations and development to enhance other enterprise management systems and third-party applications. The company also provides hosting, maintenance, and customer support and consulting services; and software as a service, such as system monitoring, help desk technical support, escalation procedure development, routine diagnostic data analysis, and software update services. The company offers its products under the Powerfleet, Pointer, Cellocator, MiX by Powerfleet, and Fleet Complete brands. It markets and sells its wireless solutions to a range of customers in the commercial and government sectors, including construction and heavy equipment, distribution, field services, leasing and car rental, government and public safety, manufacturing and automotive, oil and gas, chemical, transportation and logistics, utilities and telecommunications, and cold chain logistics. The company was formerly known as I.D. Systems, Inc. and changed its name to PowerFleet, Inc. in October 2019. PowerFleet, Inc. was incorporated in 1993 and is headquartered in Woodcliff Lake, New Jersey.
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Frequently Asked Questions
Is Powerfleet, Inc. (AIOT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Powerfleet, Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Powerfleet, Inc.'s debt ratio?
Powerfleet, Inc.'s debt ratio is 63.1% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 31.5%.
What are Powerfleet, Inc.'s key financial metrics?
Powerfleet, Inc. has a market capitalization of $390M, and revenue of $363M. The company maintains a gross margin of 54.6% and a net margin of -7.0%. Return on equity stands at -6.4%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.