Espey Mfg. & Electronics Corp.

ESP: Is Espey Mfg. & Electronics Corp. Halal?

Espey Mfg. & Electronics Corp.

AMEXIndustrialsUS

$62.09

-1.57%

Market Cap: 186.0M

Compliance Status

Doubtful

Screened on Aug 26, 2026 · AAOIFI Standard 21

B

Acceptable

65Score

Is Espey Mfg. & Electronics Corp. (ESP) halal? Doubtful. Based on AAOIFI screening, Espey Mfg. & Electronics Corp. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 65/100 (Grade: B).

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%.

0.0% of 30.0% limit

What this means for you

You may own ESP, 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 ESP's prohibited income, but the exact share you would need to purify is part of Pro.

About Espey Mfg. & Electronics Corp.

Espey Mfg. & Electronics Corp. manufactures and sells electronic equipment primarily for military and industrial applications in the United States and internationally. Its principal products include power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, and antennas for use in AC and DC locomotives, shipboard power and radar, airborne power, ground-based radar, and ground mobile power applications. The company also provides various services, such as design and development to specification, build to print, design services, design studies, environmental testing services, metal fabrication, and painting services, as well as automatic testing equipment development services. In addition, it produces individual components, which include inductors, as well as paints, wires, qualifies, and test items; populates printed circuit boards; and fabricates metalwork. The company serves industrial manufacturers and defense companies, the government of the United States, foreign governments, and foreign electronic equipment companies through its direct sales organization and outside sales representatives. Espey Mfg. & Electronics Corp. was incorporated in 1928 and is based in Saratoga Springs, New York.

Sector: Industrials · Industry: Electrical Equipment & Parts

Why This Stock Is Doubtful

  • Interest-bearing deposits are 25.1% of market cap, only 4.9 points below the 30% 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 Aug 26, 2026

Compliance History

Doubtful, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q3 2026Data source: EDGAR
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Frequently Asked Questions

Is Espey Mfg. & Electronics Corp. (ESP) halal to invest in?
Espey Mfg. & Electronics Corp. (ESP) 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 Espey Mfg. & Electronics Corp. get a B compliance rating?
Espey Mfg. & Electronics Corp. (ESP) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.0% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Espey Mfg. & Electronics Corp.'s Shariah verdict?
Espey Mfg. & Electronics Corp.'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 Espey Mfg. & Electronics Corp. re-screened for Shariah compliance?
Espey Mfg. & Electronics Corp. (ESP) 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: Aug 26, 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.