HSAINot HalalF
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Compliance Status

Not Halal

Screened on Oct 15, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Hesai Group (HSAI) halal? Not Halal. Based on AAOIFI screening, Hesai Group 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 Hesai Group (HSAI) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 15, 2026. Source: https://halalscreener.app/en/stock/HSAI

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%.

6.1% of 30.0% limit
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The verdict above is final and free.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding HSAI

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Hesai Group

HSAI: Is Hesai Group Halal?

Hesai Group

NASDAQConsumer CyclicalCN

$12.42

Market Cap: 1.6B

Screened on a market cap of 11.7B

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About Hesai Group

Hesai Group, along with its various subsidiaries, focuses on the creation, production, and marketing of three-dimensional light detection and ranging (LiDAR) technologies. These sophisticated LiDAR solutions are utilized in a diverse array of applications, including advanced driver-assistance systems for both passenger and commercial automobiles, autonomous transportation services for people and goods, and specialized robotics like delivery robots, street-cleaning robots, and logistics robots operating in confined spaces. Founded in 2014, the company maintains its headquarters in Shanghai, China.

Sector: Consumer Cyclical · Industry: Auto - Parts

Why this does not pass

  • Interest-bearing deposits are over the 30% 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

AAOIFI Standard 21Updated Oct 15, 2026

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The verdict above is final and free.

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Screened according to AAOIFI Standard 21

Compliance History

  1. Not Halalnow

    since Sep 2026

  2. Doubtful

    until the change above

  3. Under Review

    until the change above

  4. Not Halal

    until the change above

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

Fiscal: Q2 2026Data source: FMP
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Frequently Asked Questions

Is Hesai Group (HSAI) halal to invest in?
Hesai Group (HSAI) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Hesai Group get a F compliance rating?
Hesai Group (HSAI) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 6.1% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Hesai Group's Shariah verdict?
Hesai Group'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 Hesai Group re-screened for Shariah compliance?
Hesai Group (HSAI) 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 15, 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.