Is VEEA INC. (VEEAW) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| DJIM | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| MSCI | 61.2% / 33% | 8.0% / 33% | 0.4% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| S&P | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| FTSE | 61.2% / 33% | 8.0% / 33% | 0.4% / 50% | 0.0% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 68.5% | |
| Operating Margin | -2373.2% | |
| Net Margin | 0.0% | |
| Return on Assets (ROA) | -47.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$26M |
| Free Cash Flow | -$26M |
| Total Debt | $13M |
| Current Ratio | 0.6 |
| Total Assets | $21M |
Price & Trading
| Last Close | $0.10 |
| Beta | 0.2 |
About VEEA INC. (VEEAW)
Veea Inc. provides edge computing and communications devices, applications, and services hosted on its edge Platform-as-a-Service (ePaaS). The company offers Veea Edge Platform ePaaS, an end-to-end platform that is both locally- and cloud-managed. Its VeeaHub products include converged computing and communications indoor and outdoor devices; and a Wi-Fi Access Point for networking and computing solutions for AI-assisted applications and solutions where people, places, and things connect to the network, as well as Linux server with a virtualized software environment, supporting patented secured docker containers, a Wi-Fi Access Point with a mesh router, a firewall, an IoT gateway, NVMe data storage, and 4G/5G modules. The company also offers VeeaWare, an edge operating system and companion tools; and VeeaCloud, a cloud native system that underpins the easy deployment of hardware and software. In addition, it focuses on fixed-line or 5G-based fixed wireless broadband access; and subscription-based managed Wi-Fi for unserved/underserved communities. Additionally, the company provides broadband or Internet connectivity services offered with various edge applications and value-added services, including advanced AI-driven cybersecurity through mobile network operators, multiple system operators, internet service providers, and other managed service providers. It serves climate smart buildings, smart farming with precision agriculture, smart warehouses, and smart retail as cloud-managed converged private networks applications. The company was founded in 2014 and is headquartered in New York, New York.
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Frequently Asked Questions
Is VEEA INC. (VEEAW) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), VEEA 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 VEEA INC.'s debt ratio?
VEEA INC.'s debt ratio is not available 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 61.2%.
What are VEEA INC.'s key financial metrics?
VEEA INC. has a market capitalization of N/A, and revenue of $141,760.
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.