What is Enphase Energy, Inc.'s Shariah compliance score?

Enphase Energy, Inc. (ENPH) has a Shariah compliance score of 48/100 (Grade: C, Marginal). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Enphase Energy, Inc. pass AAOIFI screening?

Enphase Energy, Inc. (ENPH) is rated Doubtful under AAOIFI Shariah screening, which is neither a clear pass nor a clear fail. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. ENPH's debt-to-market-cap is 14.1%.

How much purification is needed for Enphase Energy, Inc.?

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 percentage and amount for Enphase Energy, Inc. (ENPH) using the latest financial data.

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

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Enphase Energy, Inc. (ENPH) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

ENPHDoubtfulC

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Compliance Status

Doubtful

Screened on Oct 19, 2026 · AAOIFI Standard 21

Marginal

48Score

Is Enphase Energy, Inc. (ENPH) halal? Doubtful. Based on AAOIFI screening, Enphase Energy, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 48/100 (Grade: C).

Quote this verdict

HalalScreener rates Enphase Energy, Inc. (ENPH) Doubtful, 48/100, grade C under AAOIFI Standard 21, screened Oct 19, 2026. Source: https://halalscreener.app/en/stock/ENPH

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%.

14.1% of 30.0% limit

PRO DETAIL

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.

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Screened according to AAOIFI Standard 21

What this means for you

You may own ENPH, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purification amount is Pro

We have screened ENPH's prohibited income, but the exact share you would need to purify is part of Pro.

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ENPH: Is Enphase Energy, Inc. Halal?

Enphase Energy, Inc.

NASDAQEnergyUS

$30.62

-0.65%

Market Cap: 4.0B

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About Enphase Energy, Inc.

Enphase Energy, Inc., along with its subsidiaries, is dedicated to developing, manufacturing, and distributing home energy solutions for the global solar photovoltaic industry. Their core offering is a semiconductor-based microinverter, designed to convert energy at the individual solar module level. This technology seamlessly integrates with their proprietary networking and software, providing advanced energy monitoring and control capabilities. The company's product portfolio also includes AC battery storage systems, the Envoy communications gateway, the cloud-based Enlighten monitoring service, and various related accessories. Enphase sells its offerings through multiple channels, reaching solar distributors, large installers directly, original equipment manufacturers (OEMs), strategic partners, and individual homeowners, as well as through its legacy product upgrade program and online store. Established in 2006, Enphase Energy, Inc. is headquartered in Fremont, California.

Sector: Energy · Industry: Solar

Why This Stock Is Doubtful

Income from prohibited sources is close to 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

AAOIFI Standard 21Updated Oct 19, 2026

See which ratio caused the failure.

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Institutional-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.

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Screened according to AAOIFI Standard 21

Compliance History

Doubtfulnow
since Sep 2026
Not Halal
until the change above
Doubtful
until the change above
Not Halal
until the change above
Doubtful
until the change above
Halal
until the change above

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

Fiscal: Q1 2026Data source: EDGAR

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Frequently Asked Questions

Is Enphase Energy, Inc. (ENPH) halal to invest in?

Enphase Energy, Inc. (ENPH) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.

Why did Enphase Energy, Inc. get a C compliance rating?

Enphase Energy, Inc. (ENPH) received a grade of C (Marginal) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 14.1% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Enphase Energy, Inc.'s Shariah verdict?

Enphase Energy, 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 Enphase Energy, Inc. re-screened for Shariah compliance?

Enphase Energy, Inc. (ENPH) 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 19, 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.