Compliance Status
Halal
Screened on Oct 12, 2026 · AAOIFI Standard 21
Good
Is Argan, Inc. (AGX) halal? Halal. Based on AAOIFI screening, Argan, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 79/100 (Grade: B+).
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HalalScreener rates Argan, Inc. (AGX) Halal, 79/100, grade B+ under AAOIFI Standard 21, screened Oct 12, 2026. Source: https://halalscreener.app/en/stock/AGX
Business activity
What the company sells is permissible.
Company debt
Well clear of the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
What this means for you
You can own AGX
It passes both the business activity and financial ratio screens under AAOIFI Standard 21.
Purification amount is Pro
We have screened AGX's prohibited income, but the exact share you would need to purify is part of Pro.
AGX: Is Argan, Inc. Halal?
Argan, Inc.
$345.56
Market Cap: 4.8B
Screened on a market cap of 5.4B
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About Argan, Inc.
Argan, Inc., operating through its various subsidiaries, offers a comprehensive suite of services to the power generation and renewable energy sectors. These services span engineering, procurement, construction (EPC), commissioning, operations management, maintenance, project development, and technical and consulting support. The company is structured into three main operating divisions: 1. Power Industry Services: This segment specializes in delivering EPC solutions for alternative energy projects, such as biomass plants, wind farms, and solar fields. It also provides design, construction, project management, start-up, and ongoing operation services for power generation facilities, with a portfolio that includes projects accounting for approximately 15 gigawatts of power-generating capacity. Its client base includes independent power project developers, public utilities, power plant equipment suppliers, and other energy plant construction companies. 2. Industrial Fabrication and Field Services: This division provides specialized industrial field services, alongside pipe and vessel fabrication, for clients in industries such as forest products, industrial gas, fertilizer, and mining, predominantly within the southeastern United States. 3. Telecommunications Infrastructure Services: This segment offers a range of services related to communication and power networks. This includes trenchless directional boring and excavation for underground systems, aerial cabling, installation of buried cables, high and low voltage electric lines, and outdoor lighting systems. Additionally, it provides structured cabling, terminations, and connectivity solutions critical for the physical transmission of high-speed data, voice, video, and security networks. Its customers include state and local government bodies, regional communications providers, electric utilities, various commercial entities, and federal government facilities, including cleared sites, primarily located in the mid-Atlantic region of the United States. Argan, Inc. was founded in 1961 and is headquartered in Rockville, Maryland.
Sector: Industrials · Industry: Engineering & Construction
Shariah Compliance Status
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The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
Compliance History
Halal, unchanged since May 2026.
No status changes recorded since we began tracking.
Tracked since May 2026. Updates automatically on each re-screen.
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Frequently Asked Questions
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Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.
Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.