Aeva Technologies, Inc. (AEVA) - Not Halal (Non-Compliant)
Aeva Technologies, Inc. (AEVA) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Technology
- Industry
- Software - Infrastructure
- Result
- Pass
- Reason
- The sector "Technology" and industry "Software - Infrastructure" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 11.1% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 19.2% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 15.1% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 15.14%.Based on the company's financial statements, approximately 15.14% of dividend income should be donated to charity for purification. This is derived from identified interest income (15.14% of total income). Some scholars may differ on the exact calculation method.
About Aeva Technologies, Inc.
Aeva Technologies, Inc. engages in the design, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, Oceania, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology. It also offers Aeva Omni, a wide-view short-range 4D LiDAR; Aeva Atlas, a orion long-range 4D LiDAR with data and power over ethernet; CityOS, a AI operating system for real-time traffic intelligence designed to improve safety, efficiency, and data-driven transportation planning in cities; Atlas, a FMCW 4D LiDAR with simultaneous velocity and range detection for mass production and built to meet automotive-grade requirements; Aeva Eve1, a line of high-precision laser displacement sensors for volume industrial automation; and Atlas Ultra, a 4D LiDAR sensor built to meet the performance demands of SAE Level 3 and 4 automated driving systems in passenger and commercial vehicles. Its products are also used in automotive, consumer devices, industrial automation, and security market applications. The company also engages in optical connectivity business. Aeva Technologies, Inc. was founded in 2017 and is headquartered in Mountain View, California.

