Is Energous Corporation (WATT) Stock Halal or Haram?
Energous Corporation (WATT) - Not Halal (Non-Compliant)
Energous Corporation (WATT) 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
Communication Equipment
Result
Pass
Reason
The sector "Technology" and industry "Communication Equipment" are not in the excluded categories.
Financial Ratios
Debt Ratio
Value: 5.2% | Threshold: 30% | Result: Pass
Cash & Interest-bearing Securities Ratio
Value: 141.4% | Threshold: 30% | Result: Fail
Non-Permissible Income Ratio
Value: 2.9% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 2.95%.Based on the company's financial statements, approximately 2.95% of dividend income should be donated to charity for purification. This is derived from identified interest income (2.95% of total income). Some scholars may differ on the exact calculation method.
About Energous Corporation
Energous Corporation provides wireless charging system solutions in the United States. The company develops over-the-air Wireless Power Network (WPN) technology that integrates advanced semiconductor chipsets, software controls, hardware designs, and antenna systems to enable radio frequency (RF) based charging for Internet of Things (IoT) devices. Its applications include retail sensors, electronic shelf labels, asset trackers, air quality monitors, motion detectors, and other smart monitoring solutions. The company was formerly known as DvineWave Inc. and changed its name to Energous Corporation in January 2014. Energous Corporation was incorporated in 2012 and is headquartered in San Jose, California.
Frequently Asked Questions
Is Energous Corporation (WATT) stock halal to invest in?
According to AAOIFI Shariah screening standards, Energous Corporation (WATT) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does Energous Corporation have any interest income?
Based on the company's financial statements, approximately 2.95% of dividend income should be donated to charity for purification. This is derived from identified interest income (2.95% of total income). Some scholars may differ on the exact calculation method.
Uses quarterly data
About Energous Corporation
Energous Corporation provides wireless charging system solutions in the United States. The company develops over-the-air Wireless Power Network (WPN) technology that integrates advanced semiconductor chipsets, software controls, hardware designs, and antenna systems to enable radio frequency (RF) based charging for Internet of Things (IoT) devices. Its applications include retail sensors, electronic shelf labels, asset trackers, air quality monitors, motion detectors, and other smart monitoring solutions. The company was formerly known as DvineWave Inc. and changed its name to Energous Corporation in January 2014. Energous Corporation was incorporated in 2012 and is headquartered in San Jose, California.
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 Apr 27, 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, Energous Corporation (WATT) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Energous Corporation's interest income ratio is 141.4% of total revenue. AAOIFI standards require this to be below 30%.
WATT 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.
Energous Corporation'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 WATT 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 Energous Corporation require purification. Approximately 2.95% 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.
Energous Corporation's interest income ratio is 141.4% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if WATT stock is Shariah-compliant?
WATT 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 Energous Corporation stock reviewed for Shariah compliance?
Energous Corporation'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 Energous Corporation's compliance status?
You can save WATT 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 Energous Corporation stock considered halal?
Dividends from Energous Corporation require purification. Approximately 2.95% 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 Energous Corporation 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.
