Is Intermap Technologies (IMP) stock Halal?
Under AAOIFI Shariah Standard No. 21, a Halal stock keeps non-permissible income below 5% of revenue and interest-bearing debt and investments each below 30% of market capitalisation. Intermap Technologies Corp. (IMP) does not meet the threshold for the non-permissible income screen as of September 2026, so it is not Shariah compliant.
Intermap Technologies is a company specializing in providing geospatial solutions and services. Their primary function is to use geospatial data, which includes digital elevation models, orthorectified radar images, and geographic information system (GIS) products, to serve various industry needs. Notably, Intermap is recognized for its role in sectors such as telecommunications, aviation, and government, where precise mapping data is essential. For Muslim investors, though, the most pressing question is simpler: is Intermap Technologies a Halal investment?
Is Intermap Technologies Shariah compliant?
Technology companies rarely fail AAOIFI screening on what they sell. Software, hardware and digital services are permissible business activities, so for a company like Intermap Technologies the Shariah question moves to the balance sheet: how much of its market value sits in interest bearing debt, how much of its cash earns Riba in conventional deposits, and whether incidental income from impermissible sources creeps past 5% of revenue. These are exactly the ratios AAOIFI Shariah Standard No. 21 polices, and they move every month with the share price.
Does Intermap Technologies pass the business activity test?
The activity screen is only part of the picture this month: Intermap Technologies currently fails the non-permissible income screen, so the overall verdict is not compliant regardless of the business itself. The watch item for technology names is incidental: cash returns and platform content can carry impermissible elements, which AAOIFI tolerates only below the thresholds.
Is Intermap Technologies' income Halal?
No. Intermap Technologies' income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.
Does Intermap Technologies meet AAOIFI's debt and investment ratio requirements?
Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has IMP re-screened every month, and the result above always shows the latest verdict.
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