Is Karooooo Ltd. (KARO) halal to invest in?

As of يونيو 2026, based on AAOIFI Shariah screening standards, Karooooo Ltd. (KARO) is currently rated as "Not Halal" with a compliance grade of F (Non-Compliant). The screening examines business activities (qualitative) and three financial ratios: debt-to-market-cap (80.6%), interest-bearing deposits to market cap (81.3%), and prohibited income (0.6%). Thresholds are 30%, 30%, and 5% respectively. Screen KARO and 10,000+ stocks free at HalalScreener.app.

What is Karooooo Ltd.'s Shariah compliance score?

Karooooo Ltd.'s (KARO) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Karooooo Ltd. pass AAOIFI screening?

Karooooo Ltd. (KARO) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (KARO: 80.6%), (3) interest-bearing deposits below 30% (KARO: 81.3%), and (4) prohibited income below 5% (KARO: 0.6%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Karooooo Ltd. stock?

Karooooo Ltd. (KARO) has a non-permissible income ratio of 0.63%. Muslim investors should purify this percentage of any dividends received and capital gains realized from KARO shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Karooooo Ltd. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Karooooo Ltd. (KARO) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about KARO's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Karooooo Ltd. (KARO) halal? Not Halal. Based on AAOIFI screening, Karooooo Ltd. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

KARO: Is Karooooo Ltd. Halal?

Not Halal

Karooooo Ltd.

NASDAQTechnologySG

$49.62

-1.51%

تجنّبعلى الحدّنظيف

About Karooooo Ltd.

Karooooo Ltd. provides mobility software-as-a-service (SaaS) platform for connected vehicles in South Africa, rest of Africa, Europe, the Asia-Pacific, the Middle East, and the United States. The company offers Fleet Telematics, a fleet management SaaS platform that provides real-time insights; LiveVision, which offers pro-active risk management and fleet visibility; MiFleet advanced fleet administration and business intelligence that provides cost management and administration capability services; and Karooooo Logistics, a software application for management of last mile delivery and general operational logistics. It also provides Cartrack Field Service, a software application for management of field and on site workers; Business Intelligence for high-level view of fleet statistics; asset tracking for tracking and tracing moveable assets; asset recovery services that assists vehicle owners and insurance companies with the recovery of vehicles and other assets; and insurance telematics that allows insurers to tailor premiums for commercial and consumer customers using analytics; Protector, a safety package for consumer vehicles; and Car Watch, a mobile application that lets users track and watch their vehicles. In addition, the company offers specialist mobility solutions that include Bike Track, a GPS-based solution for commercial motorbike fleets; Credit Management that predicts payment cycles and facilitate active credit management for asset-based vehicle finance; electronic monitoring services application that allows law enforcement agencies to monitor persons of interest; and mobility and monitoring solutions, such as Carzuka, cartrack insurance agency, and on-demand rideshare taxi application, as well as smart IoT products. It provides its solutions through direct sales force to consumers and sole proprietors, small and medium-sized businesses, large enterprises, and other connected devices. Karooooo Ltd. was founded in 2001 and is headquartered in Singapore.

Sector: Technology · Industry: Software - Application

Shariah Compliance Status

معيار أيوفي 21تحديث ١٧ يونيو ٢٠٢٦

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap80.6% / 30.0%

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 17, 2026Fiscal: FY 2026Source: FMP

Financial Overview

Market Cap

1.5B

Price

$49.62

Sector

Technology

Industry

Software - Application

Halal Alternatives in Technology

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الأسئلة الشائعة

هل Karooooo Ltd. (KARO) حلال للاستثمار؟

Karooooo Ltd. (KARO) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

لماذا حصل Karooooo Ltd. على تقييم توافق F؟

Karooooo Ltd. (KARO) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 80.6% (limit 30%); interest-bearing deposits of 81.3% (limit 30%); prohibited income of 0.63% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

ما الذي قد يغير حكم Karooooo Ltd. الشرعي؟

Karooooo Ltd.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

كم مرة يُعاد فحص Karooooo Ltd. للتوافق الشرعي؟

Karooooo Ltd. (KARO) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 17, 2026.

مفحوص وفق معيار أيوفي رقم 21 · لأغراض إعلامية فقط. استشر مستشاراً مالياً إسلامياً مؤهلاً قبل الاستثمار.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.