Is Itron, Inc. ITRI stock halal to invest in?

No, as of August 2026, Itron, Inc. stock (ITRI) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening halal stocks. To qualify as halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. Itron, Inc. currently does not meet the threshold for the interest-bearing debt screen. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of Itron, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Itron, Inc. ITRI reviewed for Shariah compliance?

Tabadulat reviews Itron, Inc. ITRI for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Itron, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Itron, Inc. ITRI pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, Itron, Inc. stock (ITRI) passes the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. Itron, Inc.'s income from non-permissible sources is currently within this 5% threshold. Even permissible levels of incidental impure income should still be purified: investors donate the corresponding share of dividends to charity, as reflected in the stock's purification factor. This screen is reassessed monthly using the company's latest financial disclosures.

Does Itron, Inc. ITRI pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Itron, Inc. stock (ITRI) passes the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. This limit ensures shareholders are not materially profiting from riba (interest). Itron, Inc.'s interest-bearing investments are currently within the 30% threshold. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does Itron, Inc. ITRI pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Itron, Inc. stock (ITRI) does not pass the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar riba-based financing) must remain below 30% of its market capitalisation. Itron, Inc.'s interest-bearing debt currently exceeds this 30% limit, meaning the company relies on riba-based financing beyond the level AAOIFI permits for a halal investment. A company can return to compliance by reducing debt or through changes in market capitalisation, and the screen is reassessed monthly.

What is the dividend purification factor for Itron, Inc. ITRI stock?

Itron, Inc. (ITRI) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a halal investment. If Itron, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Itron, Inc. ITRI pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Itron, Inc. stock (ITRI) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Itron, Inc. has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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Itron, Inc.

NASDAQ

Shariah-Compliant

Not Shariah

ITRI

About

Itron, Inc.

ITRI

Itron Inc. is a renowned technology and services company that specializes in delivering advanced solutions for utilities and municipalities. Their primary function is to provide smart metering, data collection, and analytics services to optimize energy and water usage. Itron's portfolio includes electricity, gas, and water meter manufacturing, as well as software for monitoring and analyzing consumption data. These solutions enable energy and water utilities to efficiently manage infrastructure, reduce waste, and enhance customer service. Operating globally, Itron impacts industries like energy, water management, and telecommunications, helping clients achieve sustainability goals and regulatory compliance. Founded in 1977 and based in Liberty Lake, Washington, Itron plays a pivotal role in facilitating the transition to smarter grids and fostering innovation in utility management.

Sector:

Technology

Industry:

Scientific & Technical Instruments

Employees:

5040

Website:

https://na.itron.com

ITRI

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Itron, Inc.

About

Itron, Inc.

ITRI

Frequently asked questions

Is Itron, Inc. ITRI stock halal to invest in?

How often is Itron, Inc. ITRI reviewed for Shariah compliance?

Does Itron, Inc. ITRI pass the AAOIFI Non Permissible Income criteria?

Does Itron, Inc. ITRI pass the AAOIFI Interest Bearing Investments criteria?

Does Itron, Inc. ITRI pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Itron, Inc. ITRI stock?

Does Itron, Inc. ITRI pass the AAOIFI Preference Share screen?

Can I buy Itron (ITRI) stock on Tabadulat?

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