Is ENRD halal?
Einride AB
Halal
Einride AB passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 15 October 2026
Exchange
NASDAQ
Price
2.44
Day
-6.15%
Market cap
$345.0M
Industry
Software - Application
Sector
Technology
What the company does
Einride (Sweden) provides freight services with electric and autonomous trucks and its Saga digital platform (Sweden, US, Germany). Revenue comes from freight contracts.
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 $78.52M ÷ current market cap $345.00M = 22.8%
22.8%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $76.14M ÷ current market cap $345.00M = 22.1%
22.1%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $510K ÷ annual revenue $45.97M (2025) = 1.1%
1.1%
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.
For information (AAOIFI 3/1 note): cash + receivables are 23.0% 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% · #1043 of 1454
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Software - Application — 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.