What is Karooooo Ltd.'s Shariah compliance score?

Karooooo Ltd. (KARO) has a Shariah compliance score of 91/100 (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 Karooooo Ltd. pass AAOIFI screening?

Karooooo Ltd. (KARO) 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% (KARO: 3.6%), (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 Karooooo Ltd. 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 Karooooo Ltd. (KARO) using the latest financial data.

Where can I screen Karooooo Ltd. for Shariah compliance for free?

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

KARO: Is Karooooo Ltd. Halal?

Karooooo Ltd.

NASDAQTechnologySG

$64.64

-0.55%

Market Cap: 2.0B

Compliance Status

Halal

Screened on Sep 3, 2026 · AAOIFI Standard 21

A+

Excellent

91Score

Is Karooooo Ltd. (KARO) halal? Halal. Based on AAOIFI screening, Karooooo Ltd. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 91/100 (Grade: A+).

Quote this verdict

HalalScreener rates Karooooo Ltd. (KARO) Halal, 91/100, grade A+ under AAOIFI Standard 21, screened Sep 3, 2026. Source: https://halalscreener.app/en/stock/KARO

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%.

3.6% of 30.0% limit

What this means for you

You can own KARO

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

Purification amount is Pro

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

About Karooooo Ltd.

Karooooo Ltd. delivers a comprehensive software-as-a-service (SaaS) platform tailored for connected vehicles, extending its services across South Africa, the broader African continent, Europe, the Asia-Pacific region, the Middle East, and the United States. Its core offerings include Fleet Telematics, a SaaS solution providing real-time intelligence for effective fleet management; LiveVision, which enhances fleet visibility and facilitates proactive risk mitigation; MiFleet, an advanced system for fleet administration, business intelligence, and cost control; and Karooooo Logistics, an application specifically designed to manage last-mile deliveries and general operational logistics. The company also provides Cartrack Field Service for overseeing remote and on-site personnel; Business Intelligence tools to offer high-level insights into fleet performance; robust asset tracking capabilities for monitoring movable property; and asset recovery services, which assist vehicle owners and insurance companies in retrieving lost or stolen assets. Its portfolio further encompasses insurance telematics, enabling insurers to customize premiums for both commercial and individual clients through data analytics; Protector, a dedicated safety package for personal vehicles; and Car Watch, a mobile application empowering users to track and monitor their vehicles. Additionally, Karooooo offers specialized mobility solutions such as Bike Track, a GPS-based system tailored for commercial motorbike fleets; Credit Management, which predicts payment cycles and supports active credit oversight for asset-backed vehicle financing; and an electronic monitoring application for law enforcement to track individuals of interest. Complementing these are various other mobility and monitoring tools, including Carzuka, its Cartrack insurance agency, an on-demand rideshare taxi application, and a range of intelligent IoT products. Karooooo distributes its solutions directly to a diverse client base, encompassing individual consumers, sole proprietors, small and medium-sized enterprises, large corporations, and other connected devices. Established in 2001, Karooooo Ltd. maintains its headquarters in Singapore.

Sector: Technology · Industry: Software - Application

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 3, 2026

Compliance History

Halalnow
since Aug 2026
Under Review
until the change above
Not Halal
until the change above

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

Fiscal: FY 2026Data source: FMP

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Frequently Asked Questions

Is Karooooo Ltd. (KARO) halal to invest in?

Based on AAOIFI Standard 21 screening, Karooooo Ltd. (KARO) 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 Karooooo Ltd. get a A+ compliance rating?

Karooooo Ltd. (KARO) received a grade of A+ (Excellent) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 3.6% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Karooooo Ltd.'s Shariah verdict?

Karooooo 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 Karooooo Ltd. re-screened for Shariah compliance?

Karooooo Ltd. (KARO) 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: Sep 3, 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.