What is Veea Inc.'s Shariah compliance score?

Veea Inc. (VEEA) 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 Veea Inc. pass AAOIFI screening?

Veea Inc. (VEEA) 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%. VEEA's debt-to-market-cap is 129.6%.

How much purification is needed for Veea 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 Veea Inc. (VEEA) using the latest financial data.

Where can I screen Veea Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Veea Inc. (VEEA) 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.

VEEANot HalalF

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Compliance Status

Not Halal

Screened on Oct 10, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Veea Inc. (VEEA) halal? Not Halal. Based on AAOIFI screening, Veea 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 Veea Inc. (VEEA) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 10, 2026. Source: https://halalscreener.app/en/stock/VEEA

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%.

129.6% 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 VEEA

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

VEEA: Is Veea Inc. Halal?

Veea Inc.

NASDAQTechnologyUS

$5.70

Market Cap: 15.7M

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About Veea Inc.

Veea Inc., established in New York in 2014, specializes in providing sophisticated solutions encompassing computing, multi-access communication protocols, edge storage, and cybersecurity. The company's cutting-edge multi-access edge computing (MEC) platform fundamentally transforms connectivity and processing at the network's periphery by consolidating functionalities typically found in servers, network-attached storage (NAS) devices, routers, firewalls, Wi-Fi access points, IoT gateways, and 4G/5G connections. Furthermore, the Veea Edge Platform facilitates direct connections from optical fiber, cellular, and satellite networks. Veea offers a diverse range of VeeaHub products: VeeaHub STAX integrates edge computing with Wi-Fi 6 wireless access; VeeaHub is tailored for professional indoor smart edge applications; and VeeaHub Outdoor provides robust wireless connectivity for smart edge applications in challenging outdoor and industrial environments. The company's offerings also include specialized platforms such as TROLLEE, a smart shopping cart system; the VeeaHub toolkit; and Veea AdEdge, an advertising solution.

Sector: Technology · Industry: Information Technology Services

Why this does not pass

Interest-bearing debt is 129.6% 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 10, 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 Technology

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

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Frequently Asked Questions

Is Veea Inc. (VEEA) halal to invest in?

Veea Inc. (VEEA) 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 Veea Inc. get a F compliance rating?

Veea Inc. (VEEA) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 129.6% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Veea Inc.'s Shariah verdict?

Veea 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 Veea Inc. re-screened for Shariah compliance?

Veea Inc. (VEEA) 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 10, 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.