What is iQSTEL Inc.'s Shariah compliance score?

iQSTEL Inc. (IQST) has a Shariah compliance score of 57/100 (Grade: C+, Fair) 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 iQSTEL Inc. pass AAOIFI screening?

iQSTEL Inc. (IQST) partially passes with caution 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% (IQST: 28.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for iQSTEL Inc. stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for iQSTEL Inc. (IQST) using the latest financial data.

Where can I screen iQSTEL Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for iQSTEL Inc. (IQST) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about IQST's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

IQST: Is iQSTEL Inc. Halal?

iQSTEL Inc.

NASDAQCommunication ServicesUS

$0.94

-0.87%

Market Cap: 9.1M

Compliance Status

Doubtful

Screened on Aug 26, 2026 · AAOIFI Standard 21

C+

Fair

57Score

Is iQSTEL Inc. (IQST) halal? Doubtful. Based on AAOIFI screening, iQSTEL Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 57/100 (Grade: C+).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

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

28.0% of 30.0% limit

What this means for you

You may own IQST, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purification amount is Pro

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

About iQSTEL Inc.

iQSTEL Inc., operating via its subsidiary Etelix.com USA, LLC, specializes in providing a wide array of telecommunications and cutting-edge technology services. The company's core offerings include delivering wholesale international long-distance voice (ILD) services to telecommunications providers, alongside supplying submarine fiber optic network capacity crucial for internet connectivity, such as 4G and 5G. Furthermore, iQSTEL's portfolio encompasses Voice over IP (VoIP) connectivity, Short Message Service (SMS) functionalities, and both international and domestic SMS termination services. Beyond these telecom staples, the firm extends its solutions to cover infrastructure connectivity, cloud-based private branch exchange (Cloud-PBX) systems, comprehensive OmniChannel marketing strategies, Internet of Things (IoT) services, and secure blockchain and payment solutions. iQSTEL Inc. serves a diverse clientele, including wholesale carriers, governmental organizations, large corporate entities, and small and medium-sized businesses throughout North America, Latin America, and Europe. Incorporated in 2011 and headquartered in Coral Gables, Florida, the company rebranded to iQSTEL Inc. in August 2018, having previously been known as PureSnax International, Inc.

Sector: Communication Services · Industry: Telecommunications Services

Why This Stock Is Doubtful

Debt is 28.0% of market cap, only 2.0 points below the 30% AAOIFI limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Compliance History

Doubtful, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q2 2026Data source: EDGAR

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Frequently Asked Questions

Is iQSTEL Inc. (IQST) halal to invest in?

iQSTEL Inc. (IQST) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.

Why did iQSTEL Inc. get a C+ compliance rating?

iQSTEL Inc. (IQST) received a grade of C+ (Fair) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 28.0% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change iQSTEL Inc.'s Shariah verdict?

iQSTEL 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 iQSTEL Inc. re-screened for Shariah compliance?

iQSTEL Inc. (IQST) 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 26, 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.