What is Argan, Inc.'s Shariah compliance score?

Argan, Inc. (AGX) has a Shariah compliance score of 88/100 (Grade: A, Very Good) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Argan, Inc. pass AAOIFI screening?

Argan, Inc. (AGX) passes AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (AGX: 0.1%), (3) interest-bearing deposits below 30% (AGX: 5.6%), and (4) prohibited income below 5% (AGX: 1.4%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Argan, Inc. stock?

Argan, Inc. (AGX) has a non-permissible income ratio of 1.42%. Muslim investors should purify this percentage of any dividends received and capital gains realized from AGX shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Argan, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Argan, Inc. (AGX) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about AGX's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

AGX: Is Argan, Inc. Halal?

Argan, Inc.

NYSEIndustrialsUS

$738.85

+2.69%

Market Cap: 10.4B

Compliance Status

Halal

Screened on Jul 13, 2026 · AAOIFI Standard 21

Very Good

88Score

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 88/100 (Grade: A).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

0.1% of 30.0% limit

What this means for you

You can own AGX

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purify 1.4% of your income from AGX

That is about $1.40 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

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

AAOIFI Standard 21Updated Jul 13, 2026

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.

Fiscal: Q1 2027Data source: EDGAR

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Frequently Asked Questions

Is Argan, Inc. (AGX) halal to invest in?

Based on AAOIFI Standard 21 screening, Argan, Inc. (AGX) is rated Halal with a compliance grade of A (Very Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did Argan, Inc. get a A compliance rating?

Argan, Inc. (AGX) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.1% (limit 30%); interest-bearing deposits of 5.6% (limit 30%); prohibited income of 1.42% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Argan, Inc.'s Shariah verdict?

Argan, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Argan, Inc. re-screened for Shariah compliance?

Argan, Inc. (AGX) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jul 13, 2026.

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.