PHUNNot HalalF
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Compliance Status

Not Halal

Screened on Oct 8, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

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HalalScreener rates Phunware, Inc. (PHUN) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 8, 2026. Source: https://halalscreener.app/en/stock/PHUN

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%.

1.1% of 30.0% limit
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The verdict above is final and free.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding PHUN

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Phunware, Inc.

PHUN: Is Phunware, Inc. Halal?

Phunware, Inc.

NASDAQTechnologyUS

$2.11

Market Cap: 43.1M

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About Phunware, Inc.

Phunware, Inc., operating alongside its subsidiaries, delivers an integrated software platform designed to empower companies globally and within the United States. Its primary aim is to provide clients with the tools, solutions, and services needed to effectively engage with, manage, and ultimately generate revenue from their diverse mobile application portfolios. Central to the company's offerings is cloud-based mobile software, which is licensed to customers in the form of Software Development Kits (SDKs) for integration into existing mobile applications. These SDKs include a wide array of functionalities: Analytics: Offering valuable data on application usage and user engagement. Content Management: Enabling administrators to easily create and manage app content through a cloud-based portal. Communication Tools: Providing robust alerts, notifications, and messaging capabilities. Marketing Automation: Facilitating location-triggered messages and streamlined workflows. Advertising: Offering solutions for ad placement and management. Location-Based Services: Encompassing mapping, navigation, wayfinding, workflow management, asset tracking, and policy enforcement. Beyond the core SDKs, Phunware also offers services for integrating its SDK licenses into client applications, alongside custom application development and ongoing support. The company further provides specialized, cloud-based solutions tailored for specific industries such as healthcare, retail, sports, aviation, real estate, hospitality, and education. Additionally, Phunware facilitates various application transactions, including both recurring and one-time media purchases aimed at enhancing app discovery, user acquisition, audience building, engagement, and monetization efforts. In a distinct offering, Phunware also supplies pre-assembled and custom-built high-performance personal computer systems, catering to enthusiasts involved in gaming, streaming, and cryptocurrency mining. Established in 2009, Phunware's corporate headquarters are located in Austin, Texas.

Sector: Technology · Industry: Software - Application

Why this does not pass

  • Interest-bearing deposits are over the 30% 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 8, 2026

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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

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Frequently Asked Questions

Is Phunware, Inc. (PHUN) halal to invest in?
Phunware, Inc. (PHUN) 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 Phunware, Inc. get a F compliance rating?
Phunware, Inc. (PHUN) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 1.1% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Phunware, Inc.'s Shariah verdict?
Phunware, 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 Phunware, Inc. re-screened for Shariah compliance?
Phunware, Inc. (PHUN) 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 8, 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.