iWallet Corp. designs, develops, manufactures, and sells personal security products to protect against identity, personal, and financial information theft in the United States and internationally. The company is headquartered in Reno, Nevada. The company went IPO on 2011-04-01. The company is a designer and developer of physical, personal security products that incorporate security and communication technologies to protect against identity, personal and financial information theft. Its designs include a biometric locking luxury storage case, made from carbon fiber or aluminum, that protects cash, credit cards and personal information with a proprietary fingerprint security system from being read by many types of radio frequency (RF) devices in public spaces, and a soft leather wallet that incorporates a global positioning system module allowing the customer to locate the wallet if misplaced. The company also provides project management services to companies interested in the research, development, and manufacturing sectors.
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As of August 2026, iwallet Corp IWAL is classified as not covered according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes iwallet Corp using these criteria to determine its compliance status.
Muslim investors may consider investing in iwallet Corp if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of iwallet Corp by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of iwallet Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of iwallet Corp on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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