
ESP: Is Espey Mfg. & Electronics Corp. Halal?
Espey Mfg. & Electronics Corp.
$62.09
-1.57%
Market Cap: 186.0M
Compliance Status
Doubtful
Screened on Aug 26, 2026 · AAOIFI Standard 21
Acceptable
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.
Company debt
Well clear of the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
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
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.
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Frequently Asked Questions
Is Espey Mfg. & Electronics Corp. (ESP) halal to invest in?
Why did Espey Mfg. & Electronics Corp. get a B compliance rating?
What could change Espey Mfg. & Electronics Corp.'s Shariah verdict?
How often is Espey Mfg. & Electronics Corp. re-screened for Shariah compliance?
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.