ATSNot HalalF
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Compliance Status

Not Halal

Screened on Oct 12, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

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HalalScreener rates ATS Corporation (ATS) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 12, 2026. Source: https://halalscreener.app/en/stock/ATS

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

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

56.5% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding ATS

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

ATS Corporation

ATS: Is ATS Corporation Halal?

ATS Corporation

NYSEIndustrialsCA

$18.18

Market Cap: 1.8B

Screened on a market cap of 2.5B

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About ATS Corporation

ATS Corporation is a global provider of comprehensive automation solutions, specializing in the entire lifecycle of automated manufacturing and assembly systems. From initial planning, design, and engineering through to building, commissioning, and ongoing servicing, the company supports clients worldwide. Their extensive offerings include a wide array of automation products and advanced test solutions. Pre-automation services involve critical activities such as discovery and analysis, concept development, simulation, and total cost of ownership modeling. Post-automation support is equally robust, encompassing client training, process optimization, preventative maintenance, emergency and on-call assistance, spare parts, retooling, retrofits, and equipment relocation. Beyond these, ATS delivers contract manufacturing services, after-sales support, and specialized engineering expertise covering prototyping, process verification, specification writing, software and manufacturing process controls development, standard automation products/platforms, equipment design and build, third-party equipment qualification, procurement and integration, system installation, product line commissioning, validation, and documentation. They also provide value engineering, supply chain management, and comprehensive integration and manufacturing capabilities. A significant part of their offering includes advanced software and digital solutions, notably connected factory floor management systems. These systems are designed to capture, analyze, and leverage real-time machine performance data to diagnose issues, enhance processes and products, prevent operational downtime, boost efficiency, and ultimately drive sustainable production improvements. ATS serves a diverse range of industries, including life sciences, transportation and mobility, consumer products, food and beverage, electronics, nuclear, packaging, warehousing and distribution, and energy sectors. Founded in 1978 and headquartered in Cambridge, Canada, the company was formerly known as ATS Automation Tooling Systems Inc. before rebranding as ATS Corporation in November 2022.

Sector: Industrials · Industry: Industrial - Machinery

Why this does not pass

  • Interest-bearing debt is 56.5% of market cap, over the 30% AAOIFI limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 12, 2026

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The verdict above is final and free.

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Screened according to AAOIFI Standard 21

Compliance History

Not 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 2026Data source: FMP
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Frequently Asked Questions

Is ATS Corporation (ATS) halal to invest in?
ATS Corporation (ATS) 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 ATS Corporation get a F compliance rating?
ATS Corporation (ATS) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 56.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change ATS Corporation's Shariah verdict?
ATS Corporation'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 ATS Corporation re-screened for Shariah compliance?
ATS Corporation (ATS) 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: Oct 12, 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.