Compliance Status

Halal

Screened on Oct 9, 2026 · AAOIFI Standard 21

A

Very Good

87Score

Is Tecogen Inc. (TGEN) halal? Halal. Based on AAOIFI screening, Tecogen Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 87/100 (Grade: A).

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HalalScreener rates Tecogen Inc. (TGEN) Halal, 87/100, grade A under AAOIFI Standard 21, screened Oct 9, 2026. Source: https://halalscreener.app/en/stock/TGEN

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%.

3.5% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

You can own TGEN

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

Purification amount is Pro

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

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Tecogen Inc.

TGEN: Is Tecogen Inc. Halal?

Tecogen Inc.

AMEXIndustrialsUS

$2.42

Market Cap: 72.4M

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About Tecogen Inc.

Tecogen Inc. specializes in the design, manufacturing, sales, and ongoing support of industrial and commercial combined heat and power (CHP) systems. These energy solutions cater to a wide range of applications—residential, commercial, recreational, and industrial—both within the United States and internationally. The company's operations are segmented into three main areas: Products, Services, and Energy Production. Its product offerings include: Cogeneration units, such as the InVerde e+ and TecoPower models, which efficiently produce both electricity and hot water. TECOCHILL branded chillers for air conditioning and refrigeration purposes. Tecofrost gas engine-driven compressors used in refrigeration systems. Ilios brand water heaters. Ultera emissions control technology. Beyond equipment sales, Tecogen provides extensive support services, including long-term maintenance contracts, spare parts sales, and comprehensive turnkey installation. These services are delivered through a network of eleven field service centers located strategically across California, the Midwest, the Northeast, the Southeast, and Ontario, Canada. Additionally, the company undertakes the installation, ownership, operation, and maintenance of distributed generation systems for electricity and other energy solutions, along with complementary technologies. Tecogen serves a diverse clientele spanning numerous sectors, such as healthcare (hospitals, nursing homes), education (colleges, universities), hospitality (hotels, motels, health clubs, spas), commercial real estate (office, retail buildings), manufacturing (food and beverage processors, factories), multi-unit residential properties, and specialized facilities like laundries, ice rinks, swimming pools, municipal buildings, military installations, and indoor growing operations. Established in 2000, Tecogen Inc. is headquartered in Waltham, Massachusetts.

Sector: Industrials · Industry: Electrical Equipment & Parts

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 9, 2026

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Screened according to AAOIFI Standard 21

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 Tecogen Inc. (TGEN) halal to invest in?
Based on AAOIFI Standard 21 screening, Tecogen Inc. (TGEN) is rated Halal with a compliance grade of A (Very Good). 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 Tecogen Inc. get a A compliance rating?
Tecogen Inc. (TGEN) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 3.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Tecogen Inc.'s Shariah verdict?
Tecogen 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 Tecogen Inc. re-screened for Shariah compliance?
Tecogen Inc. (TGEN) 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 9, 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.