Is EVLV halal?
Evolv Technologies Holdings, In
Halal
Evolv Technologies Holdings, In 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
4.16
Day
-0.48%
Market cap
$733.0M
Industry
Security & Protection Services
Sector
Industrials
What the company does
Evolv Technologies makes AI weapons-detection scanners (Evolv Express) for the entrances of schools, hospitals and stadiums — screening people without opening bags. Its money comes from subscriptions/leases; it makes no weapons.
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 $28.74M ÷ 36-month average market cap $847.80M = 3.4%
3.4%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $62.63M ÷ 36-month average market cap $847.80M = 7.4%
7.4%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $1.54M ÷ annual revenue $145.91M (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. Today's market cap: $732.98M.
For information (AAOIFI 3/1 note): cash + receivables are 34.7% 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% · #946 of 1455
- Held by funds
- Not held by any tracked fund
Manually reviewed — clean
The industry was flagged as sensitive, so the company's filings were checked by hand on 15 August 2026. Conclusion:
Evolv Technologies — AI qurol ANIQLASH tizimlari (maktab/tadbir uchun metall detektor). Aniqlash ≠ qurol
Halal stocks in the same industry
The largest halal stocks in Security & Protection Services — 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.