What is Solarmax Technology Inc. Common Stock's Shariah compliance score?

Solarmax Technology Inc. Common Stock (SMXT) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Solarmax Technology Inc. Common Stock pass AAOIFI screening?

Solarmax Technology Inc. Common Stock (SMXT) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. SMXT's debt-to-market-cap is 136281.9%.

How much purification is needed for Solarmax Technology Inc. Common Stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the percentage and amount for Solarmax Technology Inc. Common Stock (SMXT) using the latest financial data.

Where can I screen Solarmax Technology Inc. Common Stock for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Solarmax Technology Inc. Common Stock (SMXT) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

SMXTNot HalalF

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Compliance Status

Not Halal

Screened on Oct 10, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Solarmax Technology Inc. Common Stock (SMXT) halal? Not Halal. Based on AAOIFI screening, Solarmax Technology Inc. Common Stock passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Solarmax Technology Inc. Common Stock (SMXT) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 10, 2026. Source: https://halalscreener.app/en/stock/SMXT

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

136281.9% of 30.0% limit

PRO DETAIL

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.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding SMXT

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

SMXT: Is Solarmax Technology Inc. Common Stock Halal?

Solarmax Technology Inc. Common Stock

NASDAQEnergyUS

$4.26

Market Cap: 20.2M

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About Solarmax Technology Inc. Common Stock

SolarMax Technology, Inc. (SMXT) operates as a comprehensive solar energy solutions provider, extending its reach across the United States and China via its subsidiaries. The company offers a diverse portfolio of services, including the sale, installation, and financing of solar photovoltaic (PV) and battery backup systems. SMXT also deals in LED systems and plays a role in the acquisition and resale of solar farm projects to third parties. Furthermore, it provides critical engineering, procurement, and construction (EPC) services for these solar farm developments. Its clientele is broad, serving residential, commercial, and government sectors. SolarMax Technology, Inc. was founded in 2008 and is headquartered in Riverside, California.

Sector: Energy · Industry: Solar

Why this does not pass

Interest-bearing debt is 136281.9% of market cap, over the 30% AAOIFI limit.
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 10, 2026

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Institutional-grade Shariah analysis

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See why SMXT is rated Not Halal with institutional-grade analysis

PRO DETAIL

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.

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Screened according to AAOIFI Standard 21

Compliance History

Not Halalnow
since Oct 2026
Under Review
until the change above
Not Halal
until the change above
Under Review
until the change above
Not Halal
until the change above
Under Review
until the change above
Not Halal
until the change above
Under Review
until the change above
Not Halal
until the change above

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

Fiscal: Q2 2026Data source: EDGAR

Halal Alternatives in Energy

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

0091.KLA+

Propel Global Bhd

$0.06

+0.00%

0118.KLA+

Trive Property Group Bhd

$0.02

+0.00%

0168.KLA+

BM Greentech Bhd

$1.60

+0.01%

0193.KLA+

Kinergy Advancement Bhd

$0.40

+0.00%

0215.KLA+

Solarvest Holdings Bhd

$4.24

+0.02%

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Frequently Asked Questions

Is Solarmax Technology Inc. Common Stock (SMXT) halal to invest in?

Solarmax Technology Inc. Common Stock (SMXT) 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 Solarmax Technology Inc. Common Stock get a F compliance rating?

Solarmax Technology Inc. Common Stock (SMXT) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 136281.9% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Solarmax Technology Inc. Common Stock's Shariah verdict?

Solarmax Technology Inc. Common Stock'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 Solarmax Technology Inc. Common Stock re-screened for Shariah compliance?

Solarmax Technology Inc. Common Stock (SMXT) 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 10, 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.