Is Veea Inc. (VEEA) stock halal to invest in?

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

Does Veea Inc. have any interest income?

Veea Inc.'s interest income ratio is 2.2% of total revenue. AAOIFI standards require this to be below 30%.

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

VEEA 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 Veea Inc. stock reviewed for Shariah compliance?

Veea 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 Veea Inc.'s compliance status?

You can save VEEA 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 Veea Inc. stock considered halal?

Dividends from Veea Inc. require purification. Approximately 0.01% 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 Veea 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.

Is Veea Inc. (VEEA) Stock Halal or Haram?

Veea Inc. (VEEA) - Not Halal (Non-Compliant)

Veea Inc. (VEEA) 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: Information Technology Services
Result: Pass
Reason: The sector "Technology" and industry "Information Technology Services" are not in the excluded categories.

Financial Ratios

Debt Ratio: Value: 33.9% | Threshold: 30% | Result: Fail
Cash & Interest-bearing Securities Ratio: Value: 2.2% | Threshold: 30% | Result: Pass
Non-Permissible Income Ratio: Value: 0.0% | Threshold: 5% | Result: Pass

Dividend Purification

Purification percentage: 0.01%.Based on the company's financial statements, approximately 0.01% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.01% of total income). Some scholars may differ on the exact calculation method.

About Veea Inc.

Veea Inc., an AI-driven edge infrastructure company, develops edge computing devices and products. The company offers VeeaHub products, a typical Wi-Fi Access Point for indoor and outdoor coverage and are both locally- and cloud-managed; and Linux server with a virtualized software environment, supporting patented secured docker containers, a Wi-Fi Access Point with a mesh router, a firewall, an IoT gateway, NVMe data storage, and 4G/5G modules. It also provides SecureConnect Service Platform, which enable the service providers to deliver an all-in-one solution, with a compact model of VeeaHub product; AirLynx Service Platform, a solution delivered through VeeaONE platform for service providers to offer turnkey subscription-based cellular-like Wi-Fi and IoT service coverage, with edge applications; VeeaONE IoT Platform, a powerful IoT capability with Edge AI; Niagara Building and Energy Management Systems, a platform solutions for process automation and commercial building industry; VeeaWare, a full-stack software is designed to be hardware platform agnostic; and VeeaONE platform, a VeeaCloud, provides for the servers, user interfaces and services. In addition, the company focuses on fixed-line or 5G-based fixed wireless broadband access; and subscription-based managed Wi-Fi for unserved/underserved communities. Further, it provides broadband or Internet connectivity services offered with various edge applications and value-added services, including advanced AI-driven cybersecurity through mobile network operators, multiple system operators, internet service providers, and other managed service providers. It serves climate smart buildings, smart farming with precision agriculture, smart warehouses, and smart retail as cloud-managed converged private networks applications. Veea Inc. has strategic partnership with TROLLEE Holdings Ltd. to deliver a highly advanced ai-powered autonomous retail ecosystem. Veea Inc. was founded in 2014 and is headquartered in New York, New York.

Business Activity

Pass

TechnologyInformation Technology Services

The sector "Technology" and industry "Information Technology Services" are not in the excluded categories.

Business-activity data: SEC filings. How coverage works

Financial Ratios

Fail

Debt Ratio33.9% / 30%

Cash & Interest-bearing Securities Ratio2.2% / 30%

Non-Permissible Income Ratio0.0% / 5%

Denominator: Market Capitalization

Dividend Purification

0.01%

Based on the company's financial statements, approximately 0.01% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.01% of total income). Some scholars may differ on the exact calculation method.

Uses quarterly data

About Veea Inc.

United StatesNASDAQTechnology

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 15, 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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Veea Inc.

Business Activity

Financial Ratios

Dividend Purification

About Veea Inc.

Verdict history

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