PPSINot HalalF
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Compliance Status

Not Halal

Screened on Oct 8, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Pioneer Pow (PPSI) halal? Not Halal. Based on AAOIFI screening, Pioneer Pow 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 Pioneer Pow (PPSI) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 8, 2026. Source: https://halalscreener.app/en/stock/PPSI

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%.

2.8% 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 PPSI

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Pioneer Pow

PPSI: Is Pioneer Pow Halal?

Pioneer Pow

NASDAQIndustrialsUS

$3.08

Market Cap: 34.1M

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About Pioneer Pow

Pioneer Power Solutions, Inc., together with its subsidiaries, design, manufacture, integrate, refurbish, distribute, sell, and service electric power systems, distributed energy resources, power generation equipment, and mobile EV charging solutions. The company operates through Electrical Infrastructure Equipment and Critical Power Solutions segments. The Electrical Infrastructure Equipment segment provides electric power systems that help customers effectively and efficiently protect, control, transfer, monitor, and manage their electric energy requirements. It also offers e-Bloc power systems, power systems, and circuit protective equipment related products. The Critical Power Solutions segment provides power generation equipment maintenance, repairs, remote monitoring, and equipment services, and EV charging solutions. This segment offers suite generator on a truck and power generation equipment, and repair, maintenance, and support services. Pioneer Power Solutions, Inc. serves utility, industrial, and commercial markets. The company was formerly known as Pioneer Transformers Ltd. and changed its name to Pioneer Power Solutions, Inc. in December 2009. Pioneer Power Solutions, Inc. was founded in 2008 and is based in Fort Lee, New Jersey. The company operates as a subsidiary of Provident Pioneer Partners, L.P.

Sector: Industrials · Industry: Electrical Equipment & Parts

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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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
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Frequently Asked Questions

Is Pioneer Pow (PPSI) halal to invest in?
Pioneer Pow (PPSI) 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 Pioneer Pow get a F compliance rating?
Pioneer Pow (PPSI) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 2.8% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Pioneer Pow's Shariah verdict?
Pioneer Pow'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 Pioneer Pow re-screened for Shariah compliance?
Pioneer Pow (PPSI) 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.