Karman Holdings Inc.

KRMN: Is Karman Holdings Inc. Halal?

Karman Holdings Inc.

NYSEIndustrialsUS

$56.37

+2.62%

Market Cap: 7.5B

Compliance Status

Halal

Screened on Jul 17, 2026 · AAOIFI Standard 21

A+

Excellent

93Score

Is Karman Holdings Inc. (KRMN) halal? Halal. Based on AAOIFI screening, Karman Holdings Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 93/100 (Grade: A+).

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%.

8.1% of 30.0% limit

What this means for you

You can own KRMN

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

No purification owed

Based on the latest screening, none of its income comes from prohibited sources.

About Karman Holdings Inc.

Karman Holdings Inc., primarily operating through its Karman Space and Defense division, specializes in the design, rigorous testing, production, and sale of vital systems. These critical components are integral to sectors such as missile and defense, various space programs, hypersonic flight, and launch vehicle technologies. The company's offerings also encompass aerospace-grade metallic and composite flight hardware, alongside their necessary sub-assemblies. Additionally, Karman Holdings provides comprehensive solutions for key elements including payload protection and deployment systems, aerodynamic interstage structures, and propulsion units. Established in 2020, the enterprise is based in Huntington Beach, California, and is ultimately owned by its parent company, TCFIII Spaceco SPV LP.

Sector: Industrials · Industry: Aerospace & Defense

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 17, 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: Q1 2026Data source: EDGAR
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Frequently Asked Questions

Is Karman Holdings Inc. (KRMN) halal to invest in?
Based on AAOIFI Standard 21 screening, Karman Holdings Inc. (KRMN) is rated Halal with a compliance grade of A+ (Excellent). 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 Karman Holdings Inc. get a A+ compliance rating?
Karman Holdings Inc. (KRMN) received a grade of A+ (Excellent) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 8.1% (limit 30%); interest-bearing deposits of 0.5% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Karman Holdings Inc.'s Shariah verdict?
Karman Holdings 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 Karman Holdings Inc. re-screened for Shariah compliance?
Karman Holdings Inc. (KRMN) 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: Jul 17, 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.