The Short Answer
Intuitive Machines stock (LUNR) is currently classified as HALAL in the qualitative catalog, and the March 31, 2026 filing-based known financial ratios pass. Space and lunar services are generally permissible, but the business-activity screen remains incomplete because 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.
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.
The filing reports debt/assets of 24.82%, liquidity/assets of 13.48%, receivables plus cash/assets of 32.30%, and interest income of 0.77% of quarterly revenue. Those known ratios pass the examined asset-based limits, subject to the government-contract and end-use review.
Sharia Screening Methodology
Islamic scholars use several criteria to screen stocks:
- Business activity screen: Is the company's primary business halal?
- Debt ratio: Total debt / market cap must be under 33%
- Interest income: Interest income / total revenue must be under 5%
- Haram revenue: Revenue from haram sources must be under 5%
- Receivables ratio: Total receivables / total assets must be under 49–70% (varies by board)
Intuitive Machines' Business Activity
Intuitive Machines, Inc. provides space-transportation and infrastructure services. Its revenue comes from:
- Lunar landing services: Nova-C lander missions for NASA and others
- Orbital and data services: Space communications and navigation
- Government and commercial contracts: Engineering and mission support
Designing spacecraft and delivering space services is a permissible aerospace activity with no haram revenue line.
Why LUNR Is Halal
1. Permissible Core Business
Space transportation, lunar services, and aerospace engineering are halal activities. There is no gambling, alcohol, conventional banking, or other prohibited line at the heart of the business.
2. Limited Debt
The filing reports $426.392 million of debt and lease obligations against $1,717.947 million of assets, producing debt/assets of 24.82%. A licensed historical market-cap series is not stored, so market-cap denominator methods are not estimated.
3. Early-Stage Caveats
Revenue is milestone-driven and profitability is inconsistent. The filing discloses $1.431 million of interest income, or 0.77% of quarterly revenue; no fixed purification percentage is asserted.
Filing-Based Ratios (March 31, 2026)
Based on Intuitive Machines' latest Form 10-Q:
- Debt / Total Assets: 24.82% ✅
- Liquidity / Total Assets: 13.48% ✅
- Receivables + Cash / Total Assets: 32.30% ✅
- Disclosed Interest Income / Revenue: 0.77% ✅
- Prohibited-Product Revenue: No universal numerator disclosed — qualitative review required ⚠️
Methodology Interpretation
The known filing-based ratios pass the examined FTSE, MSCI and Malaysia-style asset limits. Aerospace activity remains generally permissible, but government contracts, end use, orbital receivables and the missing prohibited-revenue numerator require qualitative review.
- Core activity: Lunar landing, satellite and space-infrastructure services
- Quantitative status: Known ratios pass; business activity incomplete
- Scholar review: Confirm government end use and revenue allocation
Bottom Line
Intuitive Machines (LUNR) remains classified as HALAL in the qualitative catalog, and its current known filing-based financial result is passing. The space-services business is generally permissible, but the overall activity classification is incomplete and the company remains an early-stage, milestone-driven holding.
For Muslim investors seeking aerospace and frontier-technology exposure, compare LUNR with peers like AST SpaceMobile (ASTS) and NVIDIA (NVDA).
Want to check if another stock is halal? Use our free screener.
Open Halal Checker →