Nortech Systems Incorporated

NSYS: Is Nortech Systems Incorporated Halal?

Nortech Systems Incorporated

NASDAQHealthcareUS

$12.19

+4.64%

Market Cap: 34.1M

Compliance Status

Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

A+

Excellent

92Score

Is Nortech Systems Incorporated (NSYS) halal? Halal. Based on AAOIFI screening, Nortech Systems Incorporated passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 92/100 (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%.

6.1% of 30.0% limit

What this means for you

You can own NSYS

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

Purification amount is Pro

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

About Nortech Systems Incorporated

Nortech Systems Incorporated, founded in 1990 and headquartered in Maple Grove, Minnesota, specializes in delivering comprehensive design and manufacturing solutions. The company provides end-to-end services for various intricate systems, including electromedical devices, electromechanical systems, and their related assemblies and components, catering to markets in the United States, Mexico, and China. Its broad service offering spans technical expertise, manufacturing capabilities, and crucial support functions. These encompass initial project planning, innovative design, thorough testing, rapid prototyping, full-scale production, strategic supply chain management, and essential post-market assistance. Furthermore, Nortech Systems offers specialized engineering and manufacturing for critical items such as medical equipment, printed circuit board assemblies, wire and cable configurations, and complex higher-level electromechanical systems. They also extend their services to include general engineering and repair. The company primarily serves original equipment manufacturers (OEMs) within the aerospace and defense, medical, and industrial sectors. Nortech Systems cultivates these client relationships through its dedicated business development teams and a network of independent manufacturers' representatives.

Sector: Healthcare · Industry: Medical - Devices

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Compliance History

Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is Nortech Systems Incorporated (NSYS) halal to invest in?
Based on AAOIFI Standard 21 screening, Nortech Systems Incorporated (NSYS) 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 Nortech Systems Incorporated get a A+ compliance rating?
Nortech Systems Incorporated (NSYS) received a grade of A+ (Excellent) 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 Nortech Systems Incorporated's Shariah verdict?
Nortech Systems Incorporated'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 Nortech Systems Incorporated re-screened for Shariah compliance?
Nortech Systems Incorporated (NSYS) 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 26, 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.