Firefly Aerospace Inc.

FLY: Is Firefly Aerospace Inc. Halal?

Firefly Aerospace Inc.

NASDAQIndustrialsUS

$43.37

-1.97%

Market Cap: 6.9B

Compliance Status

Halal

Screened on Aug 30, 2026 · AAOIFI Standard 21

B

Acceptable

64Score

Is Firefly Aerospace Inc. (FLY) halal? Halal. Based on AAOIFI screening, Firefly Aerospace Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 64/100 (Grade: B).

Quote this verdict

HalalScreener rates Firefly Aerospace Inc. (FLY) Halal, 64/100, grade B under AAOIFI Standard 21, screened Aug 30, 2026. Source: https://halalscreener.app/en/stock/FLY

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%.

3.2% of 30.0% limit

What this means for you

You can own FLY

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purification amount is Pro

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

About Firefly Aerospace Inc.

Firefly Aerospace Inc. operates as a space and defense technology company and provides mission solutions for national security, government, and commercial customers. It offers integrated launch and space services technology that is committed to enabling launch, transit, and operations in space. The company also provides Alpha, a responsive small launch service; Eclipse, a medium-lift launch vehicle; Blue Ghost, a lunar delivery and operation service; Elytra, which offers space maneuverability and servicing; and Ocula, a lunar imaging service. The company was incorporated in 2017 and is headquartered in Cedar Park, Texas.

Sector: Industrials · Industry: Aerospace & Defense

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 30, 2026

Compliance History

  1. Halalnow

    since Jun 2026

  2. Not Halal

    until the change above

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

Fiscal: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is Firefly Aerospace Inc. (FLY) halal to invest in?
Based on AAOIFI Standard 21 screening, Firefly Aerospace Inc. (FLY) is rated Halal with a compliance grade of B (Acceptable). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did Firefly Aerospace Inc. get a B compliance rating?
Firefly Aerospace Inc. (FLY) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 3.2% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Firefly Aerospace Inc.'s Shariah verdict?
Firefly Aerospace 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 Firefly Aerospace Inc. re-screened for Shariah compliance?
Firefly Aerospace Inc. (FLY) 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 30, 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.