SPCBNot HalalF
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Compliance Status

Not Halal

Screened on Oct 8, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

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%.

40.5% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding SPCB

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

SuperCom Ltd.

SPCB: Is SuperCom Ltd. Halal?

SuperCom Ltd.

NASDAQIndustrialsIL

$9.11

Market Cap: 57.2M

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About SuperCom Ltd.

SuperCom Ltd., an Israeli company founded in Tel Aviv-Yafo in 1988, delivers a diverse range of digital identity, Internet of Things (IoT) and connectivity, and cybersecurity solutions. Serving governments and both private and public sector entities globally, SuperCom addresses critical needs in identification, tracking, and data protection. Its digital identity offerings include the MAGNA platform, which facilitates national ID registries, e-passports, biometric visas, automated fingerprint identification systems, digitized driver's licenses, and comprehensive electronic voter registration and election management. For IoT and asset/personnel management, the company provides its PureRF suite. This solution employs RFID tag technology to identify, locate, track, monitor, count, and secure individuals and objects. The PureRF suite encompasses a variety of components, such as hands-free, long-range PureRF tags for assets and vehicles, PureRF readers, activators, and initializers. A key application of this suite is in offender monitoring, featuring house arrest systems with PureTag RF bracelets, PureCom RF base stations, GPS offender tracking via PureTrack and PureBeacon, PureMonitor software, inmate monitoring systems, DoorGuard tracking stations, and specialized personnel tags. SuperCom also offers dedicated systems for the protection of domestic violence victims. In the connectivity space, SuperCom offers specific products like AVIDITY WBSac, BOLSTER WBSn, BreezeULTRA P6000, Arena controller, and BreezeNET B. Its cybersecurity portfolio includes Safend's Encryption Suite, safeguarding sensitive organizational data. Beyond core products, the company designs tailored solutions for carrier Wi-Fi, enterprise networking, smart cities, smart hospitality, and connected environments like campuses and events. SuperCom distributes its systems and products through an extensive network comprising local representatives, subsidiaries, distribution channels, and independent resellers. The company, originally incorporated as Vuance Ltd., adopted the SuperCom Ltd. name in January 2013.

Sector: Industrials · Industry: Security & Protection Services

Why this does not pass

  • Interest-bearing debt is 40.5% of market cap, over the 30% AAOIFI 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: FMP
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Frequently Asked Questions

Is SuperCom Ltd. (SPCB) halal to invest in?
SuperCom Ltd. (SPCB) 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 SuperCom Ltd. get a F compliance rating?
SuperCom Ltd. (SPCB) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 40.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change SuperCom Ltd.'s Shariah verdict?
SuperCom 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 SuperCom Ltd. re-screened for Shariah compliance?
SuperCom Ltd. (SPCB) 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.