Compliance Status
Not Halal
Screened on Oct 8, 2026 · AAOIFI Standard 21
Non-Compliant
Is FTC Solar, Inc. (FTCI) halal? Not Halal. Based on AAOIFI screening, FTC Solar, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).
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HalalScreener rates FTC Solar, Inc. (FTCI) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 8, 2026. Source: https://halalscreener.app/en/stock/FTCI
Business activity
What the company sells is permissible.
Company debt
Over the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
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.
Screened according to AAOIFI Standard 21
What this means for you
Most scholars advise not holding FTCI
It does not pass AAOIFI Shariah screening.
See halal alternatives from the same sector further down this page
FTCI: Is FTC Solar, Inc. Halal?
FTC Solar, Inc.
$1.93
Market Cap: 30.9M
Screened on a market cap of 34.4M
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About FTC Solar, Inc.
FTC Solar, Inc. operates internationally, with a significant presence in the United States and Vietnam, specializing in advanced solar energy solutions. The company provides cutting-edge solar tracker systems, supporting technology, specialized software, and expert engineering services. Among its core offerings is the Voyager single-axis tracker, designed to orient two solar panels in a portrait configuration. Beyond hardware, FTC Solar develops crucial software platforms, including SunPath for optimizing energy production; Atlas, an enterprise-level, web-based database for managing extensive project portfolios; and SunDAT, a sophisticated tool for automated design and optimization of solar panel systems tailored for residential, commercial, and large-scale utility installations. FTC Solar's client base is diverse, comprising solar project developers, owners of solar assets, and engineering, procurement, and construction (EPC) contractors who are responsible for conceptualizing and executing solar energy ventures. The company was founded in 2017 and is based in Austin, Texas.
Sector: Energy · Industry: Solar
Why this does not pass
- Interest-bearing debt is 65.8% of market cap, over the 30% AAOIFI limit.
Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.
Shariah Compliance Status
See which ratio caused the failure.
See the exact debt ratio, interest income %, and prohibited revenue that caused the failure. Know before you sell or hold.
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PROInstitutional-grade Shariah analysis
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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.
Screened according to AAOIFI Standard 21
Compliance History
Not Halalnow
since Oct 2026
Doubtful
until the change above
Not Halal
until the change above
Doubtful
until the change above
Not Halal
until the change above
Tracked since Aug 2026. Updates automatically on each re-screen.
Halal Alternatives in Energy
This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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Frequently Asked Questions
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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.