What is Innodata Inc.'s Shariah compliance score?

Innodata Inc. (INOD) has a Shariah compliance score of 93/100 (Grade: A+, Excellent) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Innodata Inc. pass AAOIFI screening?

Innodata Inc. (INOD) passes 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% (INOD: 0.2%), (3) interest-bearing deposits below 30% (INOD: 3.7%), and (4) prohibited income below 5% (INOD: 0.7%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Innodata Inc. stock?

Innodata Inc. (INOD) has a non-permissible income ratio of 0.67%. Muslim investors should purify this percentage of any dividends received and capital gains realized from INOD 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 Innodata Inc. for Shariah compliance for free?

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

INOD: Is Innodata Inc. Halal?

Innodata Inc.

NASDAQTechnologyUS

$95.50

-6.85%

Market Cap: 3.1B

Compliance Status

Halal

Screened on Jul 19, 2026 · AAOIFI Standard 21

A+

Excellent

93Score

Is Innodata Inc. (INOD) halal? Halal. Based on AAOIFI screening, Innodata Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 93/100 (Grade: A+).

AvoidBorderlineClean

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%.

0.2% of 30.0% limit

What this means for you

You can own INOD

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

Purify 0.7% of your income from INOD

That is about $0.70 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About Innodata Inc.

Innodata Inc. is a global enterprise specializing in data engineering, with operations spanning the United States, the United Kingdom, the Netherlands, Canada, and other international locations. The firm conducts its business across three distinct divisions: Digital Data Solutions (DDS), Synodex, and Agility. Its Digital Data Solutions (DDS) division furnishes clients with AI-powered software platforms and outsourced services. These offerings cater to businesses needing data for the instruction of artificial intelligence (AI) and machine learning (ML) algorithms. DDS also delivers AI-driven digital transformation strategies, assisting organizations in leveraging AI/ML to extract critical insights from textual information. Furthermore, DDS provides a comprehensive suite of data engineering support functions, encompassing activities such as data annotation, transformation, curation, hygiene, consolidation, compliance, and master data management. The Synodex segment supplies an industry-specific platform designed to convert medical records into actionable digital data. This conversion utilizes either Synodex's proprietary data models or models provided by its clients. Lastly, the Agility division delivers a specialized platform for marketing and public relations experts. This platform enables them to identify and disseminate information to journalists and social media figures, alongside monitoring and dissecting content from global news outlets—including print, online, radio, and television—as well as various social media platforms. Innodata caters to a diverse clientele across sectors such as banking, insurance, financial services, technology, digital retail, and information/media. Its services are delivered by a dedicated team comprising professional staff, senior leadership, and direct sales representatives. The corporation, initially named Innodata Isogen, Inc., adopted its current moniker, Innodata Inc., in June 2012. Established in 1988, its principal office is situated in Ridgefield Park, New Jersey.

Sector: Technology · Industry: Information Technology Services

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 19, 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 Innodata Inc. (INOD) halal to invest in?

Based on AAOIFI Standard 21 screening, Innodata Inc. (INOD) is rated Halal with a compliance grade of A+ (Excellent). 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 Innodata Inc. get a A+ compliance rating?

Innodata Inc. (INOD) received a grade of A+ (Excellent) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.2% (limit 30%); interest-bearing deposits of 3.7% (limit 30%); prohibited income of 0.67% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Innodata Inc.'s Shariah verdict?

Innodata 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 Innodata Inc. re-screened for Shariah compliance?

Innodata Inc. (INOD) 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.