What is Aspen Aerogels, Inc.'s Shariah compliance score?

Aspen Aerogels, Inc.'s (ASPN) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Aspen Aerogels, Inc. pass AAOIFI screening?

Aspen Aerogels, Inc. (ASPN) does not pass 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% (ASPN: 14.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Aspen Aerogels, Inc. stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for Aspen Aerogels, Inc. (ASPN) using the latest financial data.

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

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Aspen Aerogels, Inc. (ASPN) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about ASPN's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

ASPN: Is Aspen Aerogels, Inc. Halal?

Aspen Aerogels, Inc.

NYSEBasic MaterialsUS

$4.63

+2.66%

Market Cap: 383.7M

Compliance Status

Not Halal

Screened on Sep 3, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Aspen Aerogels, Inc. (ASPN) halal? Not Halal. Based on AAOIFI screening, Aspen Aerogels, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Aspen Aerogels, Inc. (ASPN) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 3, 2026. Source: https://halalscreener.app/en/stock/ASPN

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%.

14.0% of 30.0% limit

What this means for you

Most scholars advise not holding ASPN

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Aspen Aerogels, Inc.

Aspen Aerogels, Inc. is a company dedicated to the development, manufacturing, and sale of advanced aerogel insulation products. These specialized solutions primarily serve the energy infrastructure and building materials sectors across a wide geographical area, encompassing the United States, Asia, Canada, Europe, and Latin America. Their extensive product portfolio includes PyroThin, designed as thermal barriers crucial for lithium-ion batteries in electric vehicles and various energy storage systems. For the energy infrastructure sector, Pyrogel XTE is offered to mitigate corrosion under insulation in operating systems, while Pyrogel HPS is tailored for power generation applications, and Pyrogel XTF provides essential fire protection. Cryogel Z specifically addresses sub-ambient and cryogenic requirements within this same energy sector. Furthermore, Spaceloft Subsea is utilized in pipe-in-pipe configurations for offshore oil production. In the building materials market, Aspen Aerogels provides Spaceloft Grey and Spaceloft A2. Additionally, Cryogel X201 is engineered for designing diverse cold systems, found in applications such as refrigerated appliances, cold storage facilities, and aerospace systems. The company was established in 2001 and maintains its corporate headquarters in Northborough, Massachusetts.

Sector: Basic Materials · Industry: Chemicals - Specialty

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 3, 2026

Compliance History

Not Halalnow
since Aug 2026
Doubtful
until the change above
Not Halal
until the change above
Doubtful
until the change above
Not Halal
until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: Q2 2026Data source: EDGAR

Halal Alternatives in Basic Materials

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

THMA+

International Tower Hill Mines Ltd.

$2.01

+1.01%

0205.KLA+

DPI Holdings Berhad

$0.10

+0.00%

0379.KLA+

PMW International Berhad

$0.24

+0.00%

0381.KLA+

Polymer Link Holdings Berhad

$0.20

+0.00%

0385.KLA+

BMS

$0.13

+0.00%

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DuPont de Nemours, Inc.

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DOW

Dow Inc.

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Frequently Asked Questions

Is Aspen Aerogels, Inc. (ASPN) halal to invest in?

Aspen Aerogels, Inc. (ASPN) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Aspen Aerogels, Inc. get a F compliance rating?

Aspen Aerogels, Inc. (ASPN) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 14.0% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Aspen Aerogels, Inc.'s Shariah verdict?

Aspen Aerogels, 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 Aspen Aerogels, Inc. re-screened for Shariah compliance?

Aspen Aerogels, Inc. (ASPN) 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: Sep 3, 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.