Is Ondas Inc. (ONDS) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1.4% / 30% | 0.7% / 30% | 0.1% / 30% | 3.27% / 5% | ✓ HALAL |
| DJIM | 1.4% / 33% | 0.7% / 33% | 0.1% / 33% | 3.27% / 5% | ✓ HALAL |
| MSCI | 55.0% / 33% | 27.3% / 33% | 5.0% / 33% | 3.27% / 5% | ✗ NOT HALAL |
| S&P | 1.4% / 33% | 0.7% / 33% | 0.1% / 33% | 3.27% / 5% | ✓ HALAL |
| FTSE | 55.0% / 33% | 27.3% / 33% | 5.0% / 50% | 3.27% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 39.7% | |
| Operating Margin | -77.4% | |
| Net Margin | -260.2% | |
| Return on Equity (ROE) | -54.3% | |
| Return on Assets (ROA) | -5.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$33M |
| Free Cash Flow | -$35M |
| Total Debt | $60M |
| Debt-to-Equity | 2.6 |
| Current Ratio | 4.8 |
| Total Assets | $110M |
Price & Trading
| Last Close | $9.43 |
| 50-Day MA | $10.59 |
| 200-Day MA | $7.24 |
| Avg Volume | 96.2M |
| Beta | 2.6 |
|
52-Week Range
$0.66
| |
About Ondas Inc. (ONDS)
Ondas Inc. provides private wireless, drone, and automated data solutions in the United States and internationally. It operates through two segments: Ondas Networks and Ondas Autonomous Systems. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks. Its FullMAX SDR platform enables secure and reliable industrial-grade connectivity for truly mission-critical applications. It provides Optimus, an AI-powered drone with imaging payloads; the Airbase, a ruggedized weatherproof base station for housing, data processing, and cloud transfer; Insightful, a secure web portal and API, which enables remote interaction with the system, data, and resulting analytics anywhere in the world; and the Raider, a counter-drone system for security and the protection of critical infrastructure, assets, and people from the threat of hostile drones. It serves users in rail, energy, mining, agriculture, public safety, critical infrastructure, and government markets. The company was formerly known as Ondas Holdings Inc. and changed its name to Ondas Inc. in January 2026. Ondas Inc. was incorporated in 2014 and is headquartered in West Palm Beach, Florida.
Purification Calculator
As a halal stock with 3.27% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Ondas Inc. (ONDS) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Ondas 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 Ondas Inc.'s debt ratio?
Ondas Inc.'s debt ratio is 1.4% 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 55.0%.
Does Ondas Inc. require dividend purification?
Yes, Ondas Inc. has an impermissible income ratio of 3.27%, which means 3.27% 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 Ondas Inc.'s key financial metrics?
Ondas Inc. has a market capitalization of $4.1B, and revenue of $7M. The company maintains a gross margin of 39.7% and a net margin of -260.2%. Return on equity stands at -54.3%.
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.