Is IPW halal?
iPower Inc.
Not halal
iPower Inc. did not pass AAOIFI screening. The failed check is shown below.
Checked: 13 October 2026
Exchange
NASDAQ
Price
0.4008
Day
+1.80%
Market cap
$741641
Industry
Internet Retail
Sector
Consumer Cyclical
What the company does
iPower is an online retailer and brand owner of hydroponics (indoor growing) equipment — grow lights, fans, filters — plus Simple Deluxe household goods, sold through Amazon and its own sites.
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 $4.47M ÷ current market cap $742K = 602.8%
602.8%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $714K ÷ current market cap $742K = 96.2%
96.2%
Fail
Non-compliant income / total revenue
limit 5%
—
No data
Figures from the company's filings (2026-03-31), 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 30.8% of total assets (2026-03-31). 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
- 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 13 August 2026. Conclusion:
Gidroponika jihozlari onlayn chakanasi (grow-light, ventilyatsiya, Simple Deluxe uy-ro'zg'or). Kanabis — jihozning MIJOZ tomonidagi qo'llanishi, kompaniya o'simlikni sotmaydi/yetishtirmaydi; savdo Amazon/eBay/Walmart orqali. Qat'iyroq mezon kerak bo'lsa birinchi qayta ko'riladigan nomzod
Halal stocks in the same industry
The largest halal stocks in Internet Retail — for comparison.
Related articles
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- Halal investingBlogHaram revenue you can't see from the industry label: pork, weapons, casinosPork hides under "Packaged Foods", weapons under "Aerospace & Defense". What automated screening misses and how we catch it by hand.
- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
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.