NeoVolta Inc. (NEOV) is classified as Halal (Shariah-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
Industrials
Industry
Electrical Equipment & Parts
Result
Pass
Reason
The sector "Industrials" and industry "Electrical Equipment & Parts" are not in the excluded categories.
Financial Ratios
Debt Ratio
Value: 1.1% | Threshold: 30% | Result: Pass
Cash & Interest-bearing Securities Ratio
Value: 9.0% | Threshold: 30% | Result: Pass
Non-Permissible Income Ratio
Value: 0.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.02%.Based on the company's financial statements, approximately 0.02% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.02% of total income). Some scholars may differ on the exact calculation method.
About NeoVolta Inc.
NeoVolta Inc. engages in the design, manufacture, and sale of energy storage systems in the United States. The company provides NV14, NV24, NVPlus, and NV7600 energy storage systems, which stores and uses energy through batteries and an inverter at residential, commercial and industrial, and utility-scale customer products and markets; and NV16 kW AC. It markets and sells its products directly to certified solar installers and regional and national distributors. The company was founded in 2018 and is headquartered in Poway, California.
Frequently Asked Questions
Is NeoVolta Inc. (NEOV) stock halal to invest in?
According to AAOIFI Shariah screening standards, NeoVolta Inc. (NEOV) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Does NeoVolta Inc. have any interest income?
NeoVolta Inc.'s interest income ratio is 9.0% of total revenue. AAOIFI standards require this to be below 30%.
Based on the company's financial statements, approximately 0.02% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.02% of total income). Some scholars may differ on the exact calculation method.
Uses quarterly data
About NeoVolta Inc.
NeoVolta Inc. engages in the design, manufacture, and sale of energy storage systems in the United States. The company provides NV14, NV24, NVPlus, and NV7600 energy storage systems, which stores and uses energy through batteries and an inverter at residential, commercial and industrial, and utility-scale customer products and markets; and NV16 kW AC. It markets and sells its products directly to certified solar installers and regional and national distributors. The company was founded in 2018 and is headquartered in Poway, California.
United StatesNASDAQIndustrials
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 31, 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.
Get More on the Mizaan App
Live charts, market cap, financials, AI business analysis, portfolio tracking, and compliance alerts — all on your phone.
Frequently Asked Questions
According to AAOIFI Shariah screening standards, NeoVolta Inc. (NEOV) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
NeoVolta Inc.'s interest income ratio is 9.0% of total revenue. AAOIFI standards require this to be below 30%.
NEOV 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.
NeoVolta Inc.'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 NEOV 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 NeoVolta Inc. require purification. Approximately 0.02% 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.
What guidelines are used to determine if NEOV stock is Shariah-compliant?
NEOV 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 NeoVolta Inc. stock reviewed for Shariah compliance?
NeoVolta Inc.'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 NeoVolta Inc.'s compliance status?
You can save NEOV 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 NeoVolta Inc. stock considered halal?
Dividends from NeoVolta Inc. require purification. Approximately 0.02% 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 NeoVolta Inc. 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.
