Is Eco Wave Power Global AB (publ) (WAVE) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 4.2% / 30% | 28.4% / 30% | 0.2% / 30% | 258.33% / 5% | ✗ NOT HALAL |
| DJIM | 4.2% / 33% | 28.4% / 33% | 0.2% / 33% | 258.33% / 5% | ✗ NOT HALAL |
| MSCI | 12.6% / 33% | 85.2% / 33% | 0.6% / 33% | 258.33% / 5% | ✗ NOT HALAL |
| S&P | 4.2% / 33% | 28.4% / 33% | 0.2% / 33% | 258.33% / 5% | ✗ NOT HALAL |
| FTSE | 12.6% / 33% | 85.2% / 33% | 0.6% / 50% | 258.33% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 57.9% | |
| Operating Margin | -1631.6% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -54.0% | |
| Return on Assets (ROA) | -20.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$3M |
| Free Cash Flow | -$4M |
| Total Debt | $1M |
| Debt-to-Equity | 24.4 |
| Current Ratio | 2.5 |
| Total Assets | $8M |
Price & Trading
| Last Close | $6.31 |
| 50-Day MA | $5.42 |
| 200-Day MA | $6.87 |
| Avg Volume | 11K |
| Beta | -0.4 |
|
52-Week Range
$4.41
| |
About Eco Wave Power Global AB (publ) (WAVE)
Eco Wave Power Global AB (publ), a wave energy company, develops a wave energy conversion (WEC) technology that converts ocean and sea waves into clean electricity. The company also holds various agreements, including power purchase agreements, concession agreements, turnkey agreements, and other agreements worldwide with pipeline of projects with approximately 404.7 megawatts, as well as letters of intent. It operates in the United States, Taiwan, Sweden, Israel, Portugal, Mexico, India, and internationally. The company was formerly known as EWPG Holding AB (publ) and changed its name to Eco Wave Power Global AB (publ) in June 2021. The company was founded in 2011 and is headquartered in Tel Aviv-Yafo, Israel.
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Frequently Asked Questions
Is Eco Wave Power Global AB (publ) (WAVE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Eco Wave Power Global AB (publ) 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 Eco Wave Power Global AB (publ)'s debt ratio?
Eco Wave Power Global AB (publ)'s debt ratio is 4.2% 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 12.6%.
What are Eco Wave Power Global AB (publ)'s key financial metrics?
Eco Wave Power Global AB (publ) has a market capitalization of $33M, and revenue of $38,000. Return on equity stands at -54.0%.
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.