Bandwidth Inc.

BAND: Is Bandwidth Inc. Halal?

Bandwidth Inc.

NASDAQTechnologyUS

$52.25

-8.62%

Market Cap: 1.7B

Compliance Status

Halal

Screened on Aug 31, 2026 · AAOIFI Standard 21

A

Very Good

89Score

Is Bandwidth Inc. (BAND) halal? Halal. Based on AAOIFI screening, Bandwidth Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 89/100 (Grade: A).

Quote this verdict

HalalScreener rates Bandwidth Inc. (BAND) Halal, 89/100, grade A under AAOIFI Standard 21, screened Aug 31, 2026. Source: https://halalscreener.app/en/stock/BAND

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

9.6% of 30.0% limit

What this means for you

You can own BAND

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purification amount is Pro

We have screened BAND's prohibited income, but the exact share you would need to purify is part of Pro.

About Bandwidth Inc.

Bandwidth Inc. offers a sophisticated, cloud-native Communications Platform-as-a-Service (CPaaS), primarily focused on the United States market. The company's business activities are categorized into two main segments: CPaaS and "Other." Through its robust platform, Bandwidth Inc. empowers various organizations to effortlessly build, expand, and oversee their voice and messaging communication capabilities, integrating them seamlessly into mobile applications and other connected devices. Complementing its core CPaaS offering, the company also provides services such as SIP trunking, data resale, and hosted Voice over Internet Protocol (VoIP) solutions. Bandwidth Inc. caters to a broad spectrum of clients, including major corporations, telecommunications service providers, conferencing platforms, contact centers, small and medium-sized enterprises (SMEs), and emerging technology firms. The company was established in 2000 and is currently headquartered in Raleigh, North Carolina.

Sector: Technology · Industry: Software - Infrastructure

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 31, 2026

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q1 2026Data source: EDGAR
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Frequently Asked Questions

Is Bandwidth Inc. (BAND) halal to invest in?
Based on AAOIFI Standard 21 screening, Bandwidth Inc. (BAND) is rated Halal with a compliance grade of A (Very Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did Bandwidth Inc. get a A compliance rating?
Bandwidth Inc. (BAND) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 9.6% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Bandwidth Inc.'s Shariah verdict?
Bandwidth Inc.'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.
How often is Bandwidth Inc. re-screened for Shariah compliance?
Bandwidth Inc. (BAND) 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: Aug 31, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

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.