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

Fluence Energy, Inc. (FLNC) has a Shariah compliance score of 53/100 (Grade: C+, Fair). 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 Fluence Energy, Inc. pass AAOIFI screening?

Fluence Energy, Inc. (FLNC) 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%. FLNC's debt-to-market-cap is 29.9%.

How much purification is needed for Fluence 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 Fluence Energy, Inc. (FLNC) using the latest financial data.

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

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Fluence Energy, Inc. (FLNC) 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.

FLNCDoubtfulC+

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Compliance Status

Doubtful

Screened on Oct 12, 2026 · AAOIFI Standard 21

C+

Fair

53Score

Is Fluence Energy, Inc. (FLNC) halal? Doubtful. Based on AAOIFI screening, Fluence Energy, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 53/100 (Grade: C+).

Quote this verdict

HalalScreener rates Fluence Energy, Inc. (FLNC) Doubtful, 53/100, grade C+ under AAOIFI Standard 21, screened Oct 12, 2026. Source: https://halalscreener.app/en/stock/FLNC

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

29.9% 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 FLNC, 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 FLNC's prohibited income, but the exact share you would need to purify is part of Pro.

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FLNC: Is Fluence Energy, Inc. Halal?

Fluence Energy, Inc.

NASDAQUtilitiesUS

$5.80

Market Cap: 1.2B

Screened on a market cap of 1.3B

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About Fluence Energy, Inc.

Fluence Energy, Inc. (FLNC) is a global provider of sophisticated energy storage systems and AI-powered digital applications, specifically designed for renewable energy integration and overall storage optimization. The company's core offering encompasses integrated energy storage products, blending advanced hardware, proprietary software, and intelligent digital controls. Alongside these products, Fluence delivers comprehensive services, including expert engineering and deployment support, ongoing operational maintenance, and a flexible 'energy storage-as-a-service' model. They also develop standalone digital tools and applications. Key among its product portfolio are solutions like Gridstack, an industrial-grade system built for large-scale grid applications; Sunstack, engineered to maximize the efficiency of solar energy capture and distribution; and Edgestack, a commercial-focused solution designed to manage energy loads and smooth demand peaks for businesses. Fluence serves a diverse client base, including major utilities, renewable energy developers, and commercial and industrial enterprises. Established in 2018 and headquartered in Arlington, Virginia, Fluence operates as a joint venture formed by Siemens Aktiengesellschaft and The AES Corporation.

Sector: Utilities · Industry: Renewable Utilities

Why This Stock Is Doubtful

Interest-bearing debt is 29.9% of market cap, only 0.1 points below the 30% AAOIFI limit.
Interest-bearing deposits are close to 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 Oct 12, 2026

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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 Oct 2026
Halal
until the change above
Doubtful
until the change above
Halal
until the change above
Doubtful
until the change above
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: Q3 2026Data source: EDGAR

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Frequently Asked Questions

Is Fluence Energy, Inc. (FLNC) halal to invest in?

Fluence Energy, Inc. (FLNC) 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 Fluence Energy, Inc. get a C+ compliance rating?

Fluence Energy, Inc. (FLNC) received a grade of C+ (Fair) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 29.9% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

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

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

Fluence Energy, Inc. (FLNC) 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 12, 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.