Is KULR (KULR Technology Group, Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, KULR is Halal and considered permissible for Muslim investors. It passed all 4 of 4 compliance screens including business activity review, debt-to-market-cap ratio (1.38% vs ≤33% threshold), interest income ratio (0.10% vs ≤5% threshold), and cash & securities ratio (22.29% vs ≤33% threshold).

KULR Technology Group specializes in advanced thermal management solutions, primarily focusing on safety for lithium-ion batteries and electronics. Their product lineup includes thermal runaway shields , phase change material heatsinks, and proprietary battery cell screening systems used in high-stakes environments like electric vehicles and energy storage. By addressing the critical risk of overheating and fire in modern electronics, KULR positions itself as a key safety player in the growing green energy and aerospace sectors. For Muslim investors, KULR currently screens as Halal, passing all four AA OIFI compliance checks. This means the company's primary business activities are permissible, and its financial structure aligns with Islamic principles regarding interest (riba). Specifically, the company avoids the heavy debt loads often seen in the technology sector, keeping its financial ratios well within the safe zones established by shariah scholars. From a financial perspective, the standout metric for halal investors is KULR's extremely low leverage; with interest-bearing debt at only 1.4% of its market capitalization, the company is almost entirely free of prohibited financing concerns. Additionally, the company holds a healthy amount of cash relative to its size (22.3%), without crossing the 33% threshold that would classify it as a cash-shell . This clean balance sheet makes it a straightforward choice for those strictly avoiding interest-based entanglements. Going forward, investors should simply monitor KULR's cash management strategies. While their current interest income is negligible (0.10 %), companies with significant cash reserves sometimes invest in interest-bearing bonds or accounts to generate yield. As long as KULR continues to prioritize operational reinvestment over interest generation, it should remain a compliant investment. KULR Technology Group, Inc. operates in the Technology sector under the Hardware, Equipment & Parts industry and is headquartered in Webster, CA, US. The company is led by CEO Michael Mo and employs approximately 52 people.

KULR was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. KULR passed 4 of these 4 screens.

Although KULR passes all shariah screens, it does earn $10,575 in interest income (0.10% of revenue). Many scholars recommend purifying this portion by donating the equivalent percentage of any dividends received to charity. For example, if you receive $100 in dividends, you would donate approximately $0.10 to purify the income.

KULR was last screened on 2026-02-25. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.