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

Solarmax Technology Inc. Common Stock's (SMXT) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Solarmax Technology Inc. Common Stock pass AAOIFI screening?

Solarmax Technology Inc. Common Stock (SMXT) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (SMXT: 208.2%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Solarmax Technology Inc. Common Stock 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 exact 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 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about SMXT's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

SMXT: Is Solarmax Technology Inc. Common Stock Halal?

Solarmax Technology Inc. Common Stock

NASDAQEnergyUS

$2.76

-20.14%

Market Cap: 13.1M

Compliance Status

Not Halal

Screened on Aug 26, 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).

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%.

208.2% of 30.0% limit

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

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

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q1 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

$0.07

+0.00%

0118.KLA+

Trive Property Group Bhd

$0.02

+0.00%

0168.KLA+

BM Greentech Bhd

$1.66

+0.02%

0193.KLA+

Kinergy Advancement Bhd

$0.43

+0.00%

0215.KLA+

Solarvest Holdings Bhd

$3.03

-0.00%

More Energy Stocks

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EOG

EOG Resources, Inc.

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ONEOK, Inc.

Free · No credit card required

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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 208.2% (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: 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.