Is Parabolic Technologies, Inc. (PARA) Stock Halal or Haram?

Parabolic Technologies, Inc. (PARA) - Not Halal (Non-Compliant)

Parabolic Technologies, Inc. (PARA) 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: Technology
Industry: Software - Application
Result: Pass
Reason: The sector "Technology" and industry "Software - Application" are not in the excluded categories.

Financial Ratios

Debt Ratio: Value: 63.1% | Threshold: 30% | Result: Fail
Cash & Interest-bearing Securities Ratio: Value: 6.0% | 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 comes from non-permissible sources; this is the share many investors donate to purify it. This is derived from identified interest income (0.02% of total income). Some scholars may differ on the exact calculation method.

About Parabolic Technologies, Inc.

Parabolic Technologies, Inc., a marketing technology company, provides data-driven marketing and sales solutions for various businesses in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Banzai Operating Co., Inc.; OpenReel; and Vidello. The company's software-as-a-service products include OpenReel, an AI-powered video creation platform to remotely record, edit, host, and share videos from any location; CreateStudio, a video animation and editing software with an intuitive drag-and-drop interface; and Vidello, a video hosting and marketing platform designed to help businesses manage, customize, and optimize their video content. It also offers Demio, a browser-based webinar platform for businesses to create, host, and manage both live and automated webinars; Superblocks, an online platform for building websites and landing pages using AI; and ConnectAndSell, an AI sales acceleration platform. It also offers Boost, an add-on product integrated with Demio that helps customers increase webinar attendance by turning existing registrants into advocates; Reach, a targeted outreach tool that helps customers boost demand generation campaigns by connecting directly with ideal audiences; and Curate by Banzai, an AI-driven newsletter platform designed to help brands grow their audience through automated targeted newsletters. In addition, the company offers Photo Vibrance, which transforms static images into dynamic visuals, and Twinkle, which enhances video content with royalty-free audio. It serves healthcare, financial services, e-commerce, technology, media, and other industries. Parabolic Technologies, Inc. was formerly known as Banzai International, Inc. and changed its name to Parabolic Technologies, Inc. in October 2026. The company was founded in 2015 and is based in Bainbridge Island, Washington.

Business Activity

Pass

TechnologySoftware - Application

The sector "Technology" and industry "Software - Application" are not in the excluded categories.

Business-activity data: SEC filings. How coverage works

Financial Ratios

Fail

Debt Ratio63.1% / 30%

Cash & Interest-bearing Securities Ratio6.0% / 30%

Non-Permissible Income Ratio0.0% / 5%

Denominator: Market Capitalization

Dividend Purification

0.02%

Based on the company's financial statements, approximately 0.02% of dividend income comes from non-permissible sources; this is the share many investors donate to purify it. 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 Parabolic Technologies, Inc.

United StatesNASDAQTechnology

Screened using AAOIFI Standard No. 21 on November 3, 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 Nov 3, 2026. We started recording changes on Nov 3, 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

Screen Another Stock

Check if any stock or ETF is Shariah-compliant

View Portfolio

Monitor compliance across all your holdings

Screening

What Makes a Stock Halal?

Understand the business activity and financial ratio criteria used to screen stocks for Shariah compliance.

Purification

Dividend Purification Explained

Learn how to calculate and donate the non-permissible portion of your dividend income.

Frequently Asked Questions

Is Parabolic Technologies, Inc. (PARA) stock halal to invest in?

According to AAOIFI Shariah screening standards, Parabolic Technologies, Inc. (PARA) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.

Does Parabolic Technologies, Inc. have any interest income?

Identified interest income is 0.0% of Parabolic Technologies, Inc.'s total income. AAOIFI standards require non-permissible income to be below 5%.

What guidelines are used to determine if PARA stock is Shariah-compliant?

PARA 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 Parabolic Technologies, Inc. stock reviewed for Shariah compliance?

Parabolic Technologies, 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 Parabolic Technologies, Inc.'s compliance status?

Watch PARA free with a Mizaan account. Watched stocks are re-checked weekly, and any verdict change is dated in the verdict history on this page. Premium members also get an alert when it changes.

Are dividends from Parabolic Technologies, Inc. stock considered halal?

Approximately 0.02% of dividend income from Parabolic Technologies, Inc. comes from non-permissible sources such as interest income. Many investors purify that share by donating it to charity; scholars differ on the details, so check with one you trust.

Do I need to pay Zakat on my Parabolic Technologies, 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.

Salaam

Parabolic Technologies, Inc.

Business Activity

Financial Ratios

Dividend Purification

About Parabolic Technologies, Inc.

Verdict history

Get More on the Mizaan App

Frequently Asked Questions

Related Stocks

Screen Another Stock

View Portfolio

Related Articles

What Makes a Stock Halal?

Dividend Purification Explained

Frequently Asked Questions