Is AIRG halal?
Airgain, Inc.
Halal
Airgain, Inc. passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 14 October 2026
Exchange
NASDAQ
Price
4.05
Day
-3.34%
Market cap
$54.6M
Industry
Communication Equipment
Sector
Technology
What the company does
Airgain makes embedded antennas and wireless modules (for routers, vehicles, IoT devices) plus the Lighthouse smart-antenna system. Its money comes from antenna and module sales.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $0 ÷ 36-month average market cap $60.60M = 0.0%
0.0%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $7.61M ÷ 36-month average market cap $60.60M = 12.6%
12.6%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $351K ÷ annual revenue $51.78M (2025) = 0.7%
0.7%
Pass
Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $54.64M.
For information (AAOIFI 3/1 note): cash + receivables are 47.1% of total assets (2026-06-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Among halal stocks
- 0.00% · #1276 of 1455
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $6.30
- First Eagle Investment Management$4.3M0.0%
Halal stocks in the same industry
The largest halal stocks in Communication Equipment — for comparison.
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Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.