Is ParaZero Technologies Ltd. (PRZO) Stock Halal or Haram?
ParaZero Technologies Ltd. (PRZO) - Not Halal (Non-Compliant)
ParaZero Technologies Ltd. (PRZO) 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
Industrials
Industry
Aerospace & Defense
Result
Doubtful
Reason
This company requires further review: the industry "Aerospace & Defense" has mixed revenue streams that require further analysis. The sector "Industrials" is not categorically excluded, but deeper analysis is recommended.
Financial Ratios
Debt Ratio
Value: 2.4% | Threshold: 30% | Result: Pass
Cash & Interest-bearing Securities Ratio
Value: 32.7% | Threshold: 30% | Result: Fail
Non-Permissible Income Ratio
Value: 7.3% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 7.32%.Based on the company's financial statements, approximately 7.32% of dividend income should be donated to charity for purification. This is derived from identified interest income (7.32% of total income). Some scholars may differ on the exact calculation method.
About ParaZero Technologies Ltd.
ParaZero Technologies Ltd., an aerospace and defense technology company, focuses on safety, protection, and mitigation solutions for unmanned aerial systems in the United States, Israel, the European Union, and internationally. The company offers DefendAir, a non-explosive, net-based counterunmanned aerial systems solution designed to physically intercept and neutralize hostile drones at close range. Its DefendAir product portfolio includes a hand-held net launcher, a turret-based system, and integrated drone interception configurations. The company also provides DropAir, a precision airdrop and aerial delivery solution designed to enable controlled, accurate deployment of payloads from unmanned aerial systems in operational environments where ground access is limited, unsafe, or impractical. It sells directly to customers through direct sales, resellers, and online stores. The company was incorporated in 2013 and is headquartered in Kfar Saba, Israel.
Screened October 20, 2026·Financials: period ended 31 Dec 2025·Balance sheet as of 30 Jun 2026
Business Activity
Warn
IndustrialsAerospace & Defense
This company requires further review: the industry "Aerospace & Defense" has mixed revenue streams that require further analysis. The sector "Industrials" is not categorically excluded, but deeper analysis is recommended.
AAOIFI Shari'ah Standard No. 21 does not list weapons or defence by name. It caps income from prohibited activities at 5% of total income (clause 3/4/4). Mizaan flags defence revenue for your information.
Based on the company's financial statements, approximately 7.32% of dividend income should be donated to charity for purification. This is derived from identified interest income (7.32% of total income). Some scholars may differ on the exact calculation method.
Uses quarterly data
About ParaZero Technologies Ltd.
ParaZero Technologies Ltd., an aerospace and defense technology company, focuses on safety, protection, and mitigation solutions for unmanned aerial systems in the United States, Israel, the European Union, and internationally. The company offers DefendAir, a non-explosive, net-based counterunmanned aerial systems solution designed to physically intercept and neutralize hostile drones at close range. Its DefendAir product portfolio includes a hand-held net launcher, a turret-based system, and integrated drone interception configurations. The company also provides DropAir, a precision airdrop and aerial delivery solution designed to enable controlled, accurate deployment of payloads from unmanned aerial systems in operational environments where ground access is limited, unsafe, or impractical. It sells directly to customers through direct sales, resellers, and online stores. The company was incorporated in 2013 and is headquartered in Kfar Saba, Israel.
IsraelNASDAQIndustrials
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 Sep 9, 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, ParaZero Technologies Ltd. (PRZO) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
ParaZero Technologies Ltd.'s interest income ratio is 32.7% of total revenue. AAOIFI standards require this to be below 30%.
PRZO 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.
ParaZero Technologies 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 PRZO 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 ParaZero Technologies Ltd. require purification. Approximately 7.32% 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 ParaZero Technologies Ltd. (PRZO) stock halal to invest in?
According to AAOIFI Shariah screening standards, ParaZero Technologies Ltd. (PRZO) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does ParaZero Technologies Ltd. have any interest income?
ParaZero Technologies Ltd.'s interest income ratio is 32.7% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if PRZO stock is Shariah-compliant?
PRZO 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 ParaZero Technologies Ltd. stock reviewed for Shariah compliance?
ParaZero Technologies 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 ParaZero Technologies Ltd.'s compliance status?
You can save PRZO 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 ParaZero Technologies Ltd. stock considered halal?
Dividends from ParaZero Technologies Ltd. require purification. Approximately 7.32% 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 ParaZero Technologies 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.
