Wearable Devices Ltd.

WLDS: Is Wearable Devices Ltd. Halal?

Wearable Devices Ltd.

NASDAQTechnologyIL

$2.99

+2.75%

Market Cap: 299.1K

Compliance Status

Not Halal

Screened on Aug 12, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Wearable Devices Ltd. (WLDS) halal? Not Halal. Based on AAOIFI screening, Wearable Devices Ltd. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

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%.

122.4% of 30.0% limit

What this means for you

Most scholars advise not holding WLDS

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Wearable Devices Ltd.

Wearable Devices Ltd. (WLDS) focuses on pioneering a non-invasive neural input technology. This innovative system allows users to intuitively control various digital devices through subtle finger and hand movements, doing away with the need for physical touch. The company’s flagship offering, the Mudra Inspire development kits, empowers this gesture-based interaction. The technology's application extends across a broad spectrum of digital hardware, from everyday consumer electronics like smartphones, smartwatches, televisions, and both personal and laptop computers, to cutting-edge augmented and virtual reality headsets, drones, and robots. WLDS caters to a diverse clientele, including consumer electronics manufacturers, industrial firms, IT and software solution providers, software development studios, academic and research institutions, as well as individual consumers. Established in 2014, the company maintains its headquarters in Yokneam Illit, Israel.

Sector: Technology · Industry: Consumer Electronics

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 12, 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: FY 2025Data source: FMP

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 Wearable Devices Ltd. (WLDS) halal to invest in?
Wearable Devices Ltd. (WLDS) 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 Wearable Devices Ltd. get a F compliance rating?
Wearable Devices Ltd. (WLDS) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 122.4% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Wearable Devices Ltd.'s Shariah verdict?
Wearable Devices 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 Wearable Devices Ltd. re-screened for Shariah compliance?
Wearable Devices Ltd. (WLDS) 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 12, 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.