Sono Group N.V. (SSM) - Not Halal (Non-Compliant)
Sono Group N.V. (SSM) 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 Manufacturers
- Result
- Pass
- Reason
- The sector "Consumer Cyclical" and industry "Auto Manufacturers" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 55.4% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 41.8% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 0.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.00%.No non-permissible income detected in the financial statements. No purification is required based on available data.
About Sono Group N.V.
Sono Group N.V. provides solar-powered mobility solutions and solar integration products for the commercial vehicle and automotive industry. The company offers a range of solar integration solutions, such as Solar Bus Kit and solar kits for trucks, vans, RVs, refrigeration trailers, and other applications. It also provides complete solar solutions comprising solar panels, telematics and dashboard services, and electrical interfaces and custom integration concepts; solar charge controller (MCU), such as high voltage system and low voltage system; solar modules; and data services and engineering services, such as data service and dashboard integration, electrical interface creation, testing and validation, and custom engineering services. Sono Group N.V. was founded in 2016 and is headquartered in Munich, Germany.
Frequently Asked Questions
Is Sono Group N.V. (SSM) stock halal to invest in?
According to AAOIFI Shariah screening standards, Sono Group N.V. (SSM) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does Sono Group N.V. have any interest income?
Sono Group N.V.'s interest income ratio is 41.8% of total revenue. AAOIFI standards require this to be below 30%.

