MSAINot HalalF
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Compliance Status

Not Halal

Screened on Oct 9, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is MultiSensor AI Holdings, Inc. (MSAI) halal? Not Halal. Based on AAOIFI screening, MultiSensor AI Holdings, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates MultiSensor AI Holdings, Inc. (MSAI) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 9, 2026. Source: https://halalscreener.app/en/stock/MSAI

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%.

0.0% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding MSAI

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

MultiSensor AI Holdings, Inc.

MSAI: Is MultiSensor AI Holdings, Inc. Halal?

MultiSensor AI Holdings, Inc.

NASDAQTechnologyUS

$4.65

Market Cap: 9.4M

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About MultiSensor AI Holdings, Inc.

MultiSensor AI Holdings, Inc. develops and supplies sophisticated multi-sensor systems, primarily for thermal imaging (thermography) and various other industrial uses, both domestically within the United States and across international markets. Their extensive product range includes portable sensor devices, available in sizes from small to large, featuring integrated displays and controls. They also offer stationary pan-tilt-zoom (PTZ) camera systems that can operate as standalone single- or multi-sensor units. Furthermore, the company provides mobile multi-sensor payloads and gimbal systems specifically designed for deployment on unmanned aerial vehicles (UAVs) and unmanned ground vehicles (UGVs). Beyond hardware, MultiSensor AI offers both on-premise and cloud-hosted software solutions, complemented by a suite of services such as training, calibration, and necessary repairs. Their solutions cater to a diverse client base in sectors like distribution and logistics, manufacturing, utility, and the oil and gas industry. The company was established in 1995 and is headquartered in Beaumont, Texas.

Sector: Technology · Industry: Software - Infrastructure

Why this does not pass

  • Interest-bearing deposits are over the 30% limit.
  • Income from prohibited sources is over the 5% limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 9, 2026

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Screened according to AAOIFI Standard 21

Compliance History

Not Halal, 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

Halal Alternatives in Technology

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Frequently Asked Questions

Is MultiSensor AI Holdings, Inc. (MSAI) halal to invest in?
MultiSensor AI Holdings, Inc. (MSAI) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did MultiSensor AI Holdings, Inc. get a F compliance rating?
MultiSensor AI Holdings, Inc. (MSAI) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.0% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change MultiSensor AI Holdings, Inc.'s Shariah verdict?
MultiSensor AI Holdings, 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 MultiSensor AI Holdings, Inc. re-screened for Shariah compliance?
MultiSensor AI Holdings, Inc. (MSAI) 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 9, 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.