What is Veea Inc.'s Shariah compliance score?

Veea Inc.'s (VEEA) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Veea Inc. pass AAOIFI screening?

Veea Inc. (VEEA) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (VEEA: 147.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Veea Inc. stock?

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 exact 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 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about VEEA's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

VEEA: Is Veea Inc. Halal?

Veea Inc.

NASDAQTechnologyUS

$0.13

-0.23%

Market Cap: 7.2M

Compliance Status

Not Halal

Screened on Aug 26, 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).

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%.

147.0% of 30.0% limit

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

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

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

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:

BVCA+

BitVentures Limited

$10.80

-7.46%

0008.KLA+

Willowglen MSC Bhd

$0.29

+0.00%

0010.KLA+

IRIS Corporation Bhd

$0.22

-0.04%

0023.KLA+

IFCA MSC Bhd

$0.22

+0.00%

0036.KLA+

Key Alliance Group Bhd

$0.07

+0.00%

More Technology Stocks

MSFT

Microsoft Corporation

A+

GOOGL

Alphabet Inc.

AAPL

Apple Inc.

A+

NVDA

NVIDIA Corporation

A+

CRM

Salesforce, Inc.

B+

ADBE

Adobe Inc.

Free · No credit card required

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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 147.0% (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: Aug 26, 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.