
Is Quarterhill (QTRH) stock Halal?
September 2026 AAOIFI screening result for Quarterhill, Inc. (QTRH): non-permissible income, pass. Interest-bearing investments, pass. Interest-bearing debt, fail. Preference shares, pass. Quarterhill, Inc. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Quarterhill is a diversified investment holding company actively engaged in acquiring technology-driven businesses across several sectors, primarily focusing on intelligent transportation systems and intellectual property licensing. The company's primary function is to identify and invest in growth-oriented ventures that offer strategic value and technological advancements. Notable features of Quarterhill's portfolio include operations in sectors such as automotive electronics, transportation infrastructure, and wireless communications, reflecting its broad industry impacts. Before any of that matters to a Muslim investor, one question comes first: is Quarterhill stock Halal?
Is Quarterhill Shariah compliant?
The Shariah case on a technology company like Quarterhill is rarely about the product. What AAOIFI Shariah Standard No. 21 examines is the money around the product: cash parked in instruments that earn Riba, borrowing measured against a market capitalisation that moves daily, and any incidental income from sources Islam prohibits, which must stay below 5% of revenue.
Does Quarterhill pass the business activity test?
The activity screen is only part of the picture this month: Quarterhill currently fails the interest-bearing debt 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 Quarterhill's income Halal?
Yes, within AAOIFI's tolerance. Quarterhill's income from non-permissible sources stays below 5% of revenue in the September 2026 screening.
Does Quarterhill meet AAOIFI's debt and investment ratio requirements?
Not in full. Interest bearing debt currently exceeds the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.
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