Compliance Status

Halal

Screened on Oct 10, 2026 · AAOIFI Standard 21

B

Acceptable

61Score

Is Twin Vee Powercats Co. (VEEE) halal? Halal. Based on AAOIFI screening, Twin Vee Powercats Co. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 61/100 (Grade: B).

Quote this verdict

HalalScreener rates Twin Vee Powercats Co. (VEEE) Halal, 61/100, grade B under AAOIFI Standard 21, screened Oct 10, 2026. Source: https://halalscreener.app/en/stock/VEEE

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%.

8.7% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

You can own VEEE

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purification amount is Pro

We have screened VEEE's prohibited income, but the exact share you would need to purify is part of Pro.

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Twin Vee Powercats Co.

VEEE: Is Twin Vee Powercats Co. Halal?

Twin Vee Powercats Co.

NASDAQConsumer CyclicalUS

$9.87

Market Cap: 5.8M

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About Twin Vee Powercats Co.

Twin Vee PowerCats Co. is dedicated to engineering, manufacturing, and bringing to market powered catamaran vessels for both personal enjoyment and professional applications. The company organizes its business into three main segments: boats powered by gasoline, those utilizing electric power, and its franchise operations. These adaptable boats offer consumers the opportunity to engage in a wide array of leisure activities, including fishing, scuba diving, and waterskiing, as well as commercial uses such as transportation, guided ecological tours, and specialized fishing and diving excursions. Furthermore, the company is actively developing both fully electric and conventional gas-powered boat designs. Twin Vee PowerCats Co. distributes its products through a network of 19 independent dealers located throughout North America and the Caribbean. Founded in 1996, the company's headquarters are situated in Fort Pierce, Florida, and it operates as a division of Twin Vee PowerCats, Inc.

Sector: Consumer Cyclical · Industry: Auto - Recreational Vehicles

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 10, 2026

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Screened according to AAOIFI Standard 21

Compliance History

  1. Halalnow

    since Oct 2026

  2. Not Halal

    until the change above

  3. Under Review

    until the change above

Tracked since Aug 2026. Updates automatically on each re-screen.

Fiscal: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is Twin Vee Powercats Co. (VEEE) halal to invest in?
Based on AAOIFI Standard 21 screening, Twin Vee Powercats Co. (VEEE) is rated Halal with a compliance grade of B (Acceptable). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did Twin Vee Powercats Co. get a B compliance rating?
Twin Vee Powercats Co. (VEEE) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 8.7% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Twin Vee Powercats Co.'s Shariah verdict?
Twin Vee Powercats Co.'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 Twin Vee Powercats Co. re-screened for Shariah compliance?
Twin Vee Powercats Co. (VEEE) 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.