Compliance Status
Not Halal
Screened on Oct 15, 2026 · AAOIFI Standard 21
Non-Compliant
Is Daqo New Energy Corp. (DQ) halal? Not Halal. Based on AAOIFI screening, Daqo New Energy Corp. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).
Quote this verdict
HalalScreener rates Daqo New Energy Corp. (DQ) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 15, 2026. Source: https://halalscreener.app/en/stock/DQ
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
Most scholars advise not holding DQ
It does not pass AAOIFI Shariah screening.
See halal alternatives from the same sector further down this page
DQ: Is Daqo New Energy Corp. Halal?
Daqo New Energy Corp.
$10.23
Market Cap: 692.2M
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About Daqo New Energy Corp.
Daqo New Energy Corp., operating with its subsidiaries, is engaged in the production and supply of polysilicon to companies manufacturing photovoltaic products across the People's Republic of China. This polysilicon is a fundamental material utilized in the creation of ingots, wafers, cells, and modules, which are crucial components for diverse solar power applications. The company, initially named Mega Stand International Limited, adopted its current designation, Daqo New Energy Corp., in August 2009. Founded in 2006, its main operational base is situated in Shanghai, China.
Sector: Technology · Industry: Semiconductors
Why this does not pass
- Interest-bearing deposits are over the 30% 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
See which ratio caused the failure.
See the exact debt ratio, interest income %, and prohibited revenue that caused the failure. Know before you sell or hold.
AI Compliance Insight
PROInstitutional-grade Shariah analysis
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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
Not Halal, unchanged since May 2026.
No status changes recorded since we began tracking.
Tracked since May 2026. Updates automatically on each re-screen.
Halal Alternatives in Technology
This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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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.