SEDG
SolarEdge Technologies Inc.
Is SEDG Halal?
Solar inverters and power optimizers — permissible.
What You Should Know
SolarEdge manufactures solar technology. Pure renewable energy hardware sales. Its March 31, 2026 Form 10-Q reports $2,260.508 million of assets, $389.574 million of conservative lease and convertible debt, $512.381 million of cash, $29.269 million of marketable securities, $222.704 million of receivables and $310.501 million of quarterly revenue. Debt/assets is 17.24%, liquidity/assets is 23.96% and receivables-plus-cash/assets is 32.52%; FTSE income and prohibited-activity numerators remain unavailable.
⚠️ Concerns
- •Margin pressure
- •Competition
- •Government incentives and end-use allocation require review
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
389.574 / 2,260.508
541.65 / 2,260.508
735.085 / 2,260.508
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 17.24%, liquidity/assets is 23.96% and receivables-plus-cash/assets is 32.52%; examined financial ratios pass, but the income and activity numerators remain incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt, liquidity and receivables-plus-cash are below the examined total-assets limits; income and activity allocation remain incomplete. This is not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and identifiable conventional cash and securities are below the examined Malaysia limits; activity allocation remains incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored; filing-based asset ratios remain documented.
Business-activity disclosure
SolarEdge designs power optimizers, inverters and energy-storage systems. Renewable-energy hardware is generally permissible, while incentive, financing and end-use allocation requires qualitative review.
Limitation: The filing does not provide a universal prohibited-activity numerator across customers, incentives and end uses.
Purification
SolarEdge does not separately disclose a scholar-approved non-compliant income numerator or purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from SolarEdge's March 31, 2026 Form 10-Q.
- Conservative debt includes $331.944 million convertible debt, $18.323 million finance-lease liability and $39.307 million noncurrent operating-lease liability; no current operating-lease liability was separately tagged.
- Cash and cash equivalents are $512.381 million, current marketable securities are $29.269 million and accounts receivable are $222.704 million.
- Quarterly revenue is $310.501 million. The filing does not separately disclose a scholar-universal non-compliant income numerator.
- Solar-inverter and energy-storage hardware is generally permissible, but customer, incentive and end-use allocation is not reduced to a universal prohibited-revenue numerator.
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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