Compliance Status

Halal

Screened on Oct 15, 2026 · AAOIFI Standard 21

A

Very Good

82Score

Is Ituran Location and Control Ltd. (ITRN) halal? Halal. Based on AAOIFI screening, Ituran Location and Control Ltd. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 82/100 (Grade: A).

Quote this verdict

HalalScreener rates Ituran Location and Control Ltd. (ITRN) Halal, 82/100, grade A under AAOIFI Standard 21, screened Oct 15, 2026. Source: https://halalscreener.app/en/stock/ITRN

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%.

0.4% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

You can own ITRN

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

Purification amount is Pro

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Ituran Location and Control Ltd.

ITRN: Is Ituran Location and Control Ltd. Halal?

Ituran Location and Control Ltd.

NASDAQCommunication ServicesIL

$49.70

Market Cap: 985.8M

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About Ituran Location and Control Ltd.

Ituran Location and Control Ltd., together with its associated companies, specializes in providing a full range of location-based telematics services and machine-to-machine (M2M) telematics products. The company's operations are divided into two main segments: 1. Telematics Services: This division offers crucial support and data-driven solutions. It helps subscribers with stolen vehicle recovery and tracking, enabling the precise location and retrieval of missing cars. Furthermore, it provides fleet management services, allowing both corporate and individual clients to monitor and control their vehicles in real-time. Specialized locator services are also available for safeguarding valuable goods and equipment. Customers can access on-demand navigation, information, and assistance, which includes current traffic reports, directions, and details about essential points of interest like gas stations, auto repair shops, post offices, and hospitals. A significant offering is its Connected Car platform, an integrated ecosystem that features a back-office application, a dedicated telematics device installed in the vehicle, mobile applications for both iOS and Android users, and seamless integration with the car's infotainment screen. This platform additionally supports innovative concepts such as usage-based insurance and auto financing. The diverse client base for these services includes insurance companies and agents, vehicle manufacturers, dealers and importers, various cooperative sales channels, and individual subscribers. 2. Telematics Products: This segment is responsible for developing and supplying the underlying technological hardware. Key products encompass Base Sites, which are radio receivers containing a processor and a data computation unit designed to collect and send data to and from transponders and central control facilities. The Control Center itself is a software-driven hub that gathers information from multiple base sites, performs location calculations, and then transmits this essential data to customers and law enforcement agencies. Also included are navigation and tracking devices specifically designed for installation within vehicles, and the SMART system, a portable transmitter fitted into vehicles that sends a signal to a base site, thereby enabling the accurate location of vehicles, equipment, or even individuals. Established in 1994, Ituran Location and Control Ltd. conducts its business from its headquarters situated in Azor, Israel.

Sector: Communication Services · Industry: Telecommunications Services

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 15, 2026

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Screened according to AAOIFI Standard 21

Compliance History

Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q2 2026Data source: FMP
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Frequently Asked Questions

Is Ituran Location and Control Ltd. (ITRN) halal to invest in?
Based on AAOIFI Standard 21 screening, Ituran Location and Control Ltd. (ITRN) 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 Ituran Location and Control Ltd. get a A compliance rating?
Ituran Location and Control Ltd. (ITRN) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.4% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Ituran Location and Control Ltd.'s Shariah verdict?
Ituran Location and Control 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.
How often is Ituran Location and Control Ltd. re-screened for Shariah compliance?
Ituran Location and Control Ltd. (ITRN) 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: Oct 15, 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.