LUNR
Intuitive Machines, Inc.
Is LUNR Halal?
Lunar landing, satellite and space-infrastructure services — a generally permissible aerospace business whose known asset-based ratios pass, with activity classification incomplete.
What You Should Know
Intuitive Machines provides lunar landing, satellite and space-infrastructure services under commercial and government contracts. Its March 31, 2026 Form 10-Q reports assets of $1,717.947 million, debt and leases of $426.392 million, cash of $231.624 million, receivables of $323.306 million and quarterly revenue of $186.730 million. Debt/assets is 24.82%, liquidity/assets is 13.48% and receivables plus cash/assets is 32.30%; the known asset-based ratios pass the examined FTSE, MSCI and Malaysia-style limits. The filing reports $1.431 million of interest income, approximately 0.77% of quarterly revenue, while no universal prohibited-revenue numerator is disclosed.
⚠️ Concerns
- •Known asset-based ratios pass, but no universal prohibited-revenue numerator is disclosed
- •Government and defense-adjacent contract end use requires qualitative review
- •Orbital receivables and milestone-driven revenue create collection and volatility risk
- •Disclosed interest income is 0.77% of quarterly revenue; no fixed purification percentage asserted
- •Debt, lease and acquisition activity can change the screen
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
426.392 / 1,717.947
231.624 / 1,717.947
554.93 / 1,717.947
1.431 / 186.73
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 24.82%, liquidity/assets is 13.48%, receivables-plus-cash/assets is 32.30% and disclosed interest income is 0.77%, below the examined limits; business classification remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets, liquidity/assets and receivables-plus-cash/assets are below the examined MSCI total-assets limits; activity classification remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
The examined debt and liquidity ratios pass; business classification remains incomplete and this is not an official SAC classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored, so market-cap denominator methods are not estimated from a current spot price.
Business-activity disclosure
Intuitive Machines provides lunar landing, satellite and space-infrastructure services under commercial and government contracts. Aerospace services are generally permissible, while government end use and contract allocation require qualitative review.
Limitation: The filing does not allocate revenue into a universal prohibited-activity numerator by customer, government program or downstream end use.
Purification
Intuitive Machines discloses $1.431 million of interest income, but no scholar-specific purification percentage or universal prohibited-revenue numerator is provided.
Inputs, assumptions and primary sources
- Amounts are USD millions from Intuitive Machines' March 31, 2026 Form 10-Q.
- Debt includes $335.844 million long-term debt, $90.491 million operating-lease liabilities and $0.057 million finance-lease liabilities.
- Cash and cash equivalents are $231.624 million; no separate interest-bearing securities balance is disclosed.
- Accounts receivable includes $105.788 million trade and other receivables and $217.518 million orbital receivables; first-quarter revenue is $186.730 million.
- The filing separately discloses $1.431 million of interest income, approximately 0.77% of quarterly revenue.
- Lunar, satellite and space-infrastructure services are generally permissible, but government-contract end use and no universal prohibited-revenue numerator remain qualitative topics.
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.
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