Is Smith Micro Software, Inc. SMSI stock halal to invest in?

Yes, as of August 2026, Smith Micro Software, Inc. stock (SMSI) is 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. Smith Micro Software, Inc. currently passes all four AAOIFI financial screens: non-permissible income remains below 5% of total revenue, interest-bearing investments and interest-bearing debt each remain below 30% of market capitalisation, and the company has no impermissible preference share structure. The stock's current purification factor is 100%. Compliance is reassessed every month as updated screening data arrives, and a stock's status can change when new financial reports are released. You can always check the current status of Smith Micro Software, Inc. and explore other Shariah compliant stocks in the Tabadulat app.

How often is Smith Micro Software, Inc. SMSI reviewed for Shariah compliance?

Tabadulat reviews Smith Micro Software, Inc. SMSI 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screening ensures the status shown for Smith Micro Software, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Smith Micro Software, Inc. SMSI pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, Smith Micro Software, Inc. stock (SMSI) 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. Smith Micro Software, 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 Smith Micro Software, Inc. SMSI pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Smith Micro Software, Inc. stock (SMSI) 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). Smith Micro Software, 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 Smith Micro Software, Inc. SMSI pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Smith Micro Software, Inc. stock (SMSI) passes 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. This cap limits shareholders' exposure to interest-based leverage. Smith Micro Software, Inc.'s interest-bearing debt is currently within the 30% threshold. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for Smith Micro Software, Inc. SMSI stock?

As of August 2026, the dividend purification factor for Smith Micro Software, Inc. (SMSI) is 100%. Purification (tazkiyah) is the practice of donating to charity the portion of dividend income attributable to incidental non-permissible sources, typically interest earned on a company's cash, and AAOIFI methodology requires it even for fully compliant stocks. The purification factor is the figure halal investors use to work out that donation on Smith Micro Software, Inc. dividends. It is recalculated with each monthly screening as new financial data arrives, and the Tabadulat app can help you calculate and track purification across your whole portfolio.

Does Smith Micro Software, Inc. SMSI pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Smith Micro Software, Inc. stock (SMSI) 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. Smith Micro Software, 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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Smith Micro Software, Inc.

NASDAQ

Shariah-Compliant

Not Shariah

SMSI

About

Smith Micro Software, Inc.

SMSI

Smith Micro Software Inc. is a software company that develops and sells a diverse array of products focused primarily on wireless connectivity and communication. Its primary function is to provide solutions that empower mobile network operators to manage connectivity effectively across a wide range of devices, facilitating secure and reliable communication services. The company's offerings include products aimed at optimizing network performance, enhancing digital lifestyle, and streamlining customer service through comprehensive user management. Smith Micro Software serves several critical sectors, including telecommunications, retail, and government, by providing valuable tools for device management, video streaming, and messaging. By addressing the dynamic needs of these industries, the company plays a crucial role in ensuring seamless user experience in the increasingly interconnected world. The significance of Smith Micro Software in the marketplace stems from its innovative approach to addressing the demands of the mobile and wireless sectors, which are fundamental to contemporary digital living. Established in 1982 and headquartered in Pittsburgh, Pennsylvania, Smith Micro Software continues to leverage its expertise to provide high-quality software solutions globally.

Sector:

Technology

Industry:

Software - Application

Employees:

164

Website:

https://www.smithmicro.com

SMSI

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Smith Micro Software, Inc.

About

Smith Micro Software, Inc.

SMSI

Frequently asked questions

Is Smith Micro Software, Inc. SMSI stock halal to invest in?

How often is Smith Micro Software, Inc. SMSI reviewed for Shariah compliance?

Does Smith Micro Software, Inc. SMSI pass the AAOIFI Non Permissible Income criteria?

Does Smith Micro Software, Inc. SMSI pass the AAOIFI Interest Bearing Investments criteria?

Does Smith Micro Software, Inc. SMSI pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Smith Micro Software, Inc. SMSI stock?

Does Smith Micro Software, Inc. SMSI pass the AAOIFI Preference Share screen?

How do I buy Smith Micro Software (SMSI) stock?

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