AEIS
Advanced Energy Industries, Inc.
Is AEIS Halal?
Precision power-conversion and measurement equipment — generally permissible activity with methodology-dependent current financial results.
What You Should Know
Advanced Energy's March 31, 2026 Form 10-Q reports assets of $2,592.9 million, debt of $575.0 million, cash of $699.5 million, receivables of $376.7 million and quarterly revenue of $511.0 million. Debt/assets is 22.18%, liquidity/assets is 26.98%, receivables plus cash/assets is 41.51% and disclosed interest income is 1.14% of revenue. FTSE-style and Malaysia-style known ratios pass, while the MSCI-style receivables-plus-cash screen fails; no universal prohibited-revenue numerator is disclosed.
⚠️ Concerns
- •MSCI-style receivables-plus-cash/assets is 41.51%, above the examined 33.33% limit
- •Debt/assets is 22.18% and liquidity/assets is 26.98% under the examined FTSE and Malaysia limits
- •Semiconductor, data-center, industrial and medical end markets require qualitative review
- •Disclosed interest income is 1.14% of quarterly revenue; no fixed purification percentage asserted
- •No universal prohibited-revenue numerator is disclosed
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
575 / 2,592.9
699.5 / 2,592.9
1,076.2 / 2,592.9
5.8 / 511
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 22.18%, liquidity/assets is 26.98%, receivables-plus-cash/assets is 41.51% and disclosed interest income is 1.14%; known financial ratios pass, but the activity numerator is incomplete.
- Financial
- Fails
- Overall
- Fails
Receivables-plus-cash/assets is 41.51%, above the examined MSCI 33.33% limit; debt/assets and liquidity/assets pass.
- Financial
- Pass
- Overall
- Incomplete
Known debt and liquidity ratios pass the examined Malaysia limits; this is not an official classification and prohibited activity is not separately quantified.
- Financial
- Not calculated
- Overall
- Not calculated
A licensed historical market-cap series is not stored; the total-assets ratios are shown separately.
Business-activity disclosure
Advanced Energy designs and manufactures precision power-conversion, measurement and control products for semiconductor, data-center, industrial and medical applications. The core activity is generally permissible, but the filing does not provide a universal prohibited-revenue numerator for all end uses and customers.
Limitation: No universal prohibited-activity revenue numerator or scholar-specific purification percentage is disclosed; the screen does not invent one.
Purification
Advanced Energy discloses $5.8 million of interest income, but no scholar-specific purification percentage is asserted and the activity numerator remains incomplete.
Inputs, assumptions and primary sources
- Amounts are USD millions from Advanced Energy's March 31, 2026 Form 10-Q.
- Debt is the $575.0 million convertible senior-notes carrying amount; the revolving facility was undrawn at period end and operating leases are excluded.
- Cash and cash equivalents are $699.5 million; no separately identified interest-bearing securities balance is included.
- Accounts receivable, net is $376.7 million and first-quarter revenue is $511.0 million.
- The filing reports $5.8 million of interest income, or 1.14% of revenue. No universal prohibited-revenue numerator is disclosed.
- Semiconductor equipment, data-center power, industrial and medical products are generally permissible, while end-use and customer concentration remain qualitative context.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →