As of August 2026, Ultrack Systems Inc is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Ultrack Systems Inc. Stock Analysis MJLB
United States Information Technology Nano Cap
Ultrack Systems, Inc. engages in the business of GPS tracking solutions. The company is headquartered in Mississauga, Ontario. The company went IPO on 2002-08-29. The firm is focused on identifying strategic acquisitions in sectors with growth potential, including logistics, health, and consumer goods. The company is a provider of Global Positioning System (GPS) tracking solutions. The company develops, implements and distributes electronic monitoring and tracking systems for companies in leasing, transportation, construction, disposal and other service driven industries. Its features include driver identification, customization, geo-zone, hours of service (HOS)/electronic logging device (ELD), multiple user accounts, reports and temperature monitoring. Its products include Ultrack ELD, U104 (battery-powered asset tracking device), U204 (solar powered asset tracking device), U304 (hard wired GPS tracker), U404 (GPS padlock), U904 (GPS dash camera tracker), and U4004 (yard camera high definition 720 pixels solar and battery power Internet protocol yard camera).
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Financial Metrics & Statements of Ultrack Systems Inc (MJLB)
FAQ's for Ultrack Systems Inc (MJLB)
As of August 2026, Ultrack Systems Inc MJLB is classified as not halal 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 Ultrack Systems Inc using these criteria to determine its compliance status.
Muslim investors may consider investing in Ultrack Systems Inc 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 Ultrack Systems Inc 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 Ultrack Systems Inc 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 Ultrack Systems Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Ultrack Systems Inc (MJLB)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.