
AMSC: Is American Superconductor Corporation Halal?
American Superconductor Corporation
$33.09
-6.26%
Market Cap: 1.6B
Compliance Status
Doubtful
Screened on Jul 17, 2026 · AAOIFI Standard 21
Good
Is American Superconductor Corporation (AMSC) halal? Doubtful. Based on AAOIFI screening, American Superconductor Corporation passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 74/100 (Grade: B+).
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%.
What this means for you
You may own AMSC, with caution
Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.
Purify 4.4% of your income from AMSC
That is about $4.40 of every $100 you earn from it. Donate this share to charity.
Calculate my exact amountAbout American Superconductor Corporation
American Superconductor Corporation (AMSC), along with its affiliated entities, delivers robust, large-scale power infrastructure and resiliency solutions across the globe. Its operations are primarily divided into two distinct segments: Grid and Wind. The Grid segment, marketed under the Gridtec Solutions brand, supplies essential products and services designed to empower electric utilities, industrial operations, and renewable energy developers. These offerings facilitate the seamless connection, transmission, and distribution of electrical power, complemented by expert engineering and planning services. Within this segment, AMSC delivers transmission planning to diagnose issues like grid congestion, suboptimal power quality, and other systemic vulnerabilities. It provides critical grid interconnection solutions for large-scale renewable projects like wind and solar farms, alongside comprehensive power quality and transmission & distribution (T&D) cable systems. Key technologies include its D-VAR® systems for precise control of power flow and voltage within AC transmission networks, the actiVAR™ solution for rapid medium-voltage reactive compensation, and the armorVAR™ system, which enhances power quality, corrects power factor, reduces energy losses, and mitigates concerns from converter-based devices. Furthermore, D-VAR® VVO technology optimizes voltage and reactive power on the distribution network. Additionally, the Grid segment extends its expertise to naval applications, supplying advanced ship protection systems that minimize magnetic signatures, along with integrated power delivery, generation, and propulsion systems, as well as specialized transformers and rectifiers. The Wind segment, operating under the Windtec Solutions brand, focuses on designing cutting-edge wind turbine systems and subsequently licensing these innovative designs to external manufacturers. Beyond the core designs, this segment provides crucial power electronics, sophisticated software control systems, bespoke engineered solutions, and ongoing customer support for wind turbine producers. Its comprehensive design portfolio encompasses various drivetrains and power ratings, starting from 2 megawatts. Established in 1987, AMSC maintains its corporate headquarters in Ayer, Massachusetts.
Sector: Industrials · Industry: Industrial - Machinery
Why This Stock Is Doubtful
- Non-compliant income is 4.4% of revenue, only 0.6 points below the 5% limit
Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.
Shariah Compliance Status
Compliance History
Doubtfulnow
since Jun 2026
Halal
until the change above
Not Halal
until the change above
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.