What is Polar Power, Inc.'s Shariah compliance score?

Polar Power, Inc. (POLA) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Polar Power, Inc. pass AAOIFI screening?

Polar Power, Inc. (POLA) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. POLA's debt-to-market-cap is 131.2%.

How much purification is needed for Polar Power, Inc.?

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 percentage and amount for Polar Power, Inc. (POLA) using the latest financial data.

Where can I screen Polar Power, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Polar Power, Inc. (POLA) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

POLANot HalalF

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Compliance Status

Not Halal

Screened on Oct 9, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Polar Power, Inc. (POLA) halal? Not Halal. Based on AAOIFI screening, Polar Power, 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 Polar Power, Inc. (POLA) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 9, 2026. Source: https://halalscreener.app/en/stock/POLA

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

131.2% of 30.0% limit

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding POLA

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

POLA: Is Polar Power, Inc. Halal?

Polar Power, Inc.

NASDAQIndustrialsUS

$1.14

Market Cap: 3.2M

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About Polar Power, Inc.

Polar Power, Inc., originally established in 1979 as Polar Products, Inc. before its name change in October 1991, is headquartered in Gardena, California. The company specializes in the engineering, manufacturing, and distribution of direct current (DC) power generators, renewable energy solutions, and cooling systems, serving both domestic and international markets. Its comprehensive product offerings include foundational DC power systems, various DC hybrid power configurations, solar-integrated DC hybrid power systems, and portable power units. These DC power solutions are designed to operate using diverse fuel sources, such as diesel, natural gas, LPG/propane, and other sustainable energy options. Polar Power caters to a broad spectrum of industries, including telecommunications, defense, commercial enterprises, industrial operations, and marine applications. The company distributes its products through a dedicated in-house sales team, complemented by a network of independent service providers and authorized dealers.

Sector: Industrials · Industry: Electrical Equipment & Parts

Why this does not pass

Interest-bearing debt is 131.2% of market cap, over the 30% AAOIFI 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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Institutional-grade Shariah analysis

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PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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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 Industrials

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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+0.03%

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Frequently Asked Questions

Is Polar Power, Inc. (POLA) halal to invest in?

Polar Power, Inc. (POLA) 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 Polar Power, Inc. get a F compliance rating?

Polar Power, Inc. (POLA) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 131.2% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Polar Power, Inc.'s Shariah verdict?

Polar Power, 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 Polar Power, Inc. re-screened for Shariah compliance?

Polar Power, Inc. (POLA) 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.