Is LUNR halal in 2026?

Intuitive Machines builds and flies robotic lunar landers and sells related space infrastructure and data services, largely to NASA and other government customers. There is nothing in that revenue base that AAOIFI Shari'a Standard No. 21 prohibits: no alcohol, tobacco, gambling, conventional lending, or adult content. The qualitative screen returns a pass, and the question therefore turns entirely on the financial ratios.

The standard sets three quantitative limits: interest-bearing debt under 30% of market capitalization, interest-bearing deposits and securities under 30% of market capitalization, and income from impermissible sources under 5% of revenue. On the September 16, 2026 screen LUNR clears all three, with debt at 15.2% of market capitalization, interest-bearing deposits and securities within the limit, and impermissible income well clear of the limit. Because a small amount of the company's income is interest earned on its cash, a modest purification is the conservative practice; the exact share is on the stock page, and the purification calculator will size it to your position.

The score deserves more attention than the verdict, because it moves between screens even when the verdict does not. Nothing about the business needs to change for that to happen. What changes is how much of the company's value is financed by borrowing, measured against a market capitalization that itself moves with the share price. That is the line that would move LUNR out of compliance, and it is why a figure quoted from an article rather than from the live page goes stale within weeks.

One more thing is worth stating plainly, because it affects anyone searching this question. LUNR screened as non-compliant on its first screen in late May 2026, and older pages and cached search results still circulate that earlier verdict, including with our name attached to it. A screening verdict is a snapshot of a filing and a market capitalization on a date. Always read the date on any halal verdict, including this page, and open the live stock page before you act.

Both the Sunni and the Ja'fari traditions apply the same two-gate logic here, and there is no live disagreement between the schools about a company whose business is permissible and whose ratios pass. Where the schools differ is on the treatment of the small impermissible slice: the more cautious position purifies gains as well as dividends. Those who follow Ayatollah Sayyid Ali al-Husayni al-Sistani or another living authority should take the purification method from their own marja'. We screen against a published standard; we do not certify a company and we do not issue fatwa.