ITRN: Is Ituran Location and Control Ltd. Halal?

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: Technology · Industry: Communication Equipment

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