Micware Co., Ltd. (MWC) - Not Halal (Non-Compliant)
Micware Co., Ltd. (MWC) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
Sector
Consumer Cyclical
Industry
Auto Parts
Result
Pass
Reason
The sector "Consumer Cyclical" and industry "Auto Parts" are not in the excluded categories.
Financial Ratios
Debt Ratio
Value: 61.0% | Threshold: 30% | Result: Fail
Cash & Interest-bearing Securities Ratio
Value: 53.2% | Threshold: 30% | Result: Fail
Non-Permissible Income Ratio
Value: 0.2% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.20%.Based on the company's financial statements, approximately 0.20% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.20% of total income). Some scholars may differ on the exact calculation method.
About Micware Co., Ltd.
Micware Co., Ltd. provides software development services and information technology solutions focusing on the automotive and mobility sectors in Japan and internationally. The company operates three segments: Software Defined Vehicles, Location-Based Services, and Others. Its Software Defined Vehicles segment develops and sells software systems designed for SDV, including in-vehicle infotainment (IVI) system software and other mobility-enhancing software products. The Location-Based Services segment engages in the development and licensing of in-vehicle navigation software systems, and other geographic data-based services for business-to-business customers. Its Other segment comprises software development services for SDV, and business-to-consumer mobile app services unrelated to in-vehicle navigation. It engages in the development and sale of IVI systems that for automotive multimedia, navigation, human machine interface, telematics, and driver assistance. The company also specializes in the development of navigation software and location information-based smartphone applications. Micware Co., Ltd. was incorporated in 2003 and is headquartered in Kobe, Japan.
Based on the company's financial statements, approximately 0.20% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.20% of total income). Some scholars may differ on the exact calculation method.
Uses quarterly data
About Micware Co., Ltd.
Micware Co., Ltd. provides software development services and information technology solutions focusing on the automotive and mobility sectors in Japan and internationally. The company operates three segments: Software Defined Vehicles, Location-Based Services, and Others. Its Software Defined Vehicles segment develops and sells software systems designed for SDV, including in-vehicle infotainment (IVI) system software and other mobility-enhancing software products. The Location-Based Services segment engages in the development and licensing of in-vehicle navigation software systems, and other geographic data-based services for business-to-business customers. Its Other segment comprises software development services for SDV, and business-to-consumer mobile app services unrelated to in-vehicle navigation. It engages in the development and sale of IVI systems that for automotive multimedia, navigation, human machine interface, telematics, and driver assistance. The company also specializes in the development of navigation software and location information-based smartphone applications. Micware Co., Ltd. was incorporated in 2003 and is headquartered in Kobe, Japan.
JapanNASDAQConsumer Cyclical
Screened using AAOIFI Standard No. 21 on October 20, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.
Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.
Verdict history
Free with an account.
No verdict changes recorded since first screened on Aug 13, 2026. We started recording changes on Oct 19, 2026.
Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.
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Frequently Asked Questions
According to AAOIFI Shariah screening standards, Micware Co., Ltd. (MWC) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Micware Co., Ltd.'s interest income ratio is 53.2% of total revenue. AAOIFI standards require this to be below 30%.
MWC is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
Micware Co., Ltd.'s compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
You can save MWC to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Dividends from Micware Co., Ltd. require purification. Approximately 0.20% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
Is Micware Co., Ltd. (MWC) stock halal to invest in?
According to AAOIFI Shariah screening standards, Micware Co., Ltd. (MWC) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does Micware Co., Ltd. have any interest income?
Micware Co., Ltd.'s interest income ratio is 53.2% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if MWC stock is Shariah-compliant?
MWC is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
How often is Micware Co., Ltd. stock reviewed for Shariah compliance?
Micware Co., Ltd.'s compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
How can I stay updated on Micware Co., Ltd.'s compliance status?
You can save MWC to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Are dividends from Micware Co., Ltd. stock considered halal?
Dividends from Micware Co., Ltd. require purification. Approximately 0.20% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Do I need to pay Zakat on my Micware Co., Ltd. shares?
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
