Is NeoVolta Inc. (NEOV) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 2.1% / 30% | 0.5% / 30% | 2.0% / 30% | 0.02% / 5% | ✓ HALAL |
| DJIM | 2.1% / 33% | 0.5% / 33% | 2.0% / 33% | 0.02% / 5% | ✓ HALAL |
| MSCI | 46.0% / 33% | 11.7% / 33% | 43.8% / 33% | 0.02% / 5% | ✗ NOT HALAL |
| S&P | 2.1% / 33% | 0.5% / 33% | 2.0% / 33% | 0.02% / 5% | ✓ HALAL |
| FTSE | 46.0% / 33% | 11.7% / 33% | 43.8% / 50% | 0.02% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 19.0% | |
| Operating Margin | -96.4% | |
| Net Margin | -54.7% | |
| Return on Equity (ROE) | -238.0% | |
| Return on Assets (ROA) | -72.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$4M |
| Free Cash Flow | -$4M |
| Total Debt | $3M |
| Debt-to-Equity | 87.2 |
| Current Ratio | 2.1 |
| Total Assets | $7M |
Price & Trading
| Last Close | $4.12 |
| 50-Day MA | $3.98 |
| 200-Day MA | $4.13 |
| Avg Volume | 859K |
| Beta | -0.2 |
|
52-Week Range
$1.80
| |
About NeoVolta Inc. (NEOV)
NeoVolta Inc. designs, manufactures, and sells energy storage systems in the United States. The company provides NV14, NV14-K, and NV 24 energy storage systems, which stores and uses energy through batteries and an inverter at residential or commercial sites; and NV16KAC. It markets and sells its products directly to certified solar installers and solar equipment distributors. The company was founded in 2018 and is headquartered in Poway, California.
Purification Calculator
As a halal stock with 0.02% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is NeoVolta Inc. (NEOV) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), NeoVolta Inc. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is NeoVolta Inc.'s debt ratio?
NeoVolta Inc.'s debt ratio is 2.1% 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 46.0%.
Does NeoVolta Inc. require dividend purification?
Yes, NeoVolta Inc. has an impermissible income ratio of 0.02%, which means 0.02% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are NeoVolta Inc.'s key financial metrics?
NeoVolta Inc. has a market capitalization of $159M, and revenue of $8M. The company maintains a gross margin of 19.0% and a net margin of -54.7%. Return on equity stands at -238.0%.
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.