What is Evolv Technologies Holdings, Inc.'s Shariah compliance score?

Evolv Technologies Holdings, Inc.'s (EVLV) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Evolv Technologies Holdings, Inc. pass AAOIFI screening?

Evolv Technologies Holdings, Inc. (EVLV) 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% (EVLV: 2.8%), (3) interest-bearing deposits below 30% (EVLV: 6.3%), and (4) prohibited income below 5% (EVLV: 1.2%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Evolv Technologies Holdings, Inc. stock?

Evolv Technologies Holdings, Inc. (EVLV) has a non-permissible income ratio of 1.22%. Muslim investors should purify this percentage of any dividends received and capital gains realized from EVLV 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 Evolv Technologies Holdings, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Evolv Technologies Holdings, Inc. (EVLV) 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 EVLV's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

EVLV: Is Evolv Technologies Holdings, Inc. Halal?

Evolv Technologies Holdings, Inc.

NASDAQIndustrialsUS

$5.66

-2.08%

Market Cap: 1.0B

Compliance Status

Not Halal

Screened on Jul 19, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Evolv Technologies Holdings, Inc. (EVLV) halal? Not Halal. Based on AAOIFI screening, Evolv Technologies Holdings, Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

AvoidBorderlineClean

Business activity

Involved in prohibited business activities.

Failed

Company debt

Well clear of the limit

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

2.8% of 30.0% limit

What this means for you

Most scholars advise not holding EVLV

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Evolv Technologies Holdings, Inc.

Evolv Technologies Holdings, Inc. develops, manufactures, markets, and sells security screening products and specific services in the United States and internationally. It offers Evolv Express, that is designed to detect firearms, improvised explosive devices, and large tactical knives in unstructured people flows; Evolv eXpedite, an autonomous AI-based weapon detection system for bags being brought to venues by visitors in high clutter environments; and Evolv Insights Analytics Application which provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance and alarm statistics, and comparisons across multiple business dimensions. The company serves various industries comprising education, healthcare, professional sports, notable performing arts and entertainment venues, major tourist destinations and cultural attractions, government and corporate offices, hospitality facilities, distribution facilities, large industrial workplaces, and houses of worship. Evolv Technologies Holdings, Inc. was founded in 2013 and is headquartered in Waltham, Massachusetts.

Sector: Industrials · Industry: Security & Protection Services

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 19, 2026

Business Activity Screen

Failed

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

Prohibited activity detected: firearms

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.

Fiscal: Q1 2026Data source: EDGAR

Halal Alternatives in Industrials

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

PHOEA+

Phoenix Asia Holdings Limited Ordinary Shares

$17.80

+1.37%

FASTA+

Fastenal Company

$45.49

+0.30%

ODFLA+

Old Dominion Freight Line, Inc.

$233.84

-0.43%

SAIAA+

Saia, Inc.

$467.89

-6.83%

ADURA+

Aduro Clean Technologies Inc.

$13.86

-1.56%

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A+

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UNP

Union Pacific Corporation

HON

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UPS

United Parcel Service, Inc.

B+

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Frequently Asked Questions

Is Evolv Technologies Holdings, Inc. (EVLV) halal to invest in?

Evolv Technologies Holdings, Inc. (EVLV) 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.

Why did Evolv Technologies Holdings, Inc. get a F compliance rating?

Evolv Technologies Holdings, Inc. (EVLV) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 2.8% (limit 30%); interest-bearing deposits of 6.3% (limit 30%); prohibited income of 1.22% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Evolv Technologies Holdings, Inc.'s Shariah verdict?

Evolv Technologies Holdings, 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 Evolv Technologies Holdings, Inc. re-screened for Shariah compliance?

Evolv Technologies Holdings, Inc. (EVLV) 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: Jul 19, 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.