Is Eco Wave Power Global AB (publ) halal to invest in?

According to Musaffa's Shariah screening methodology, Eco Wave Power Global AB (publ) (WAVE) is currently classified as NOT HALAL as of March 2026. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Eco Wave Power Global AB (publ) a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Eco Wave Power Global AB (publ) using these criteria to determine its compliance status.

Can Muslims buy shares of Eco Wave Power Global AB (publ)?

Muslim investors may consider investing in Eco Wave Power Global AB (publ) if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Eco Wave Power Global AB (publ) classified as NOT HALAL?

Musaffa determines the Shariah status of Eco Wave Power Global AB (publ) by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Eco Wave Power Global AB (publ) updated?

The Shariah compliance status of Eco Wave Power Global AB (publ) may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Eco Wave Power Global AB (publ) become non-compliant?

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.

Where can I check the Shariah status of Eco Wave Power Global AB (publ)?

You can check the latest Shariah compliance status of Eco Wave Power Global AB (publ) on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

WAVE Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: March 29, 2026

Report Source: 2025 Annual Report

Analyst's Ratings for Eco Wave Power Global AB (publ) (WAVE)

Based on 8 analysts giving stock ratings to Eco Wave Power Global AB (publ) in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Eco Wave Power Global AB (publ). Stock Analysis WAVE

United States Utilities Nano Cap Report: 2025 Annual

Eco Wave Power Global AB is engaged in the research, development, and manufacture of technology for turning ocean and sea waves into electricity. The company is headquartered in Stockholm, Stockholm and currently employs 13 full-time employees. The company went IPO on 2019-07-18. The firm develops technology for production of clean electricity from ocean and sea waves.

Key Statistics of Eco Wave Power Global AB (publ) (WAVE)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$8.80$9.25

Today's Open

$8.90

Volume

33.29K

P/E Ratio (TTM)

52 Week Range

$4.41$9.87

Market Cap

48.99M

Avg. Volume

21.36K

Dividend Yield

Financial Metrics & Statements of Eco Wave Power Global AB (publ) (WAVE)

FAQ's for Eco Wave Power Global AB (publ) (WAVE)

According to Musaffa’s Shariah screening methodology, Eco Wave Power Global AB (publ) (WAVE) is currently classified as NOT HALAL as of March 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.