Is EVgo, Inc. (EVGO) halal? Doubtful. Based on AAOIFI screening, EVgo, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 45/100 (Grade: C).
EVGO β Is EVgo, Inc. Halal?
DoubtfulEVgo, Inc.
$2.38
-2.06%
About EVgo, Inc.
EVgo, Inc. owns and operates a direct current fast charging network in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services. It also provides ancillary services, such as customization of digital applications, charging data integration, loyalty programs, access to chargers behind parking lot, or garage, pay gates and pilots microtargeted advertising, and charging reservations; and maintenance and development and project management services through eXtendTM, including electric vehicle supply equipment installation, networking, and operations. The company was incorporated in 2010 and is based in Los Angeles, California.
Sector: Consumer Cyclical Β· Industry: Specialty Retail
Why This Stock Is Doubtful
- Debt is 28.3% of market cap β only 1.7 points below the 30% AAOIFI 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
Based on AAOIFI screening standards
Marginal
Multiple ratios near AAOIFI thresholds
Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Financial Ratio Screen
PassedFinancial ratios must be below AAOIFI thresholds
Compliance History
Doubtfulnow
since Jun 2026
Not Halal
until the change above
Tracked since May 2026. Updates automatically on each re-screen.
Purify Your EVGO Dividends
3.1% non-compliant incomeEVGO has 3.1% prohibited income. Calculate exactly how much of your dividends to donate.
Financial Overview
Market Cap
747.0M
Price
$2.38
Sector
Consumer Cyclical
Industry
Specialty Retail
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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.