AquaBounty Technologies, Inc. (AQB) - Not Halal (Non-Compliant)
AquaBounty Technologies, Inc. (AQB) 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
- Consumer Defensive
- Industry
- Farm Products
- Result
- Pass
- Reason
- The sector "Consumer Defensive" and industry "Farm Products" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 0.0% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 39.5% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 0.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.00%.No non-permissible income detected in the financial statements. No purification is required based on available data.
About AquaBounty Technologies, Inc.
AquaBounty Technologies, Inc. operates as a land-based aquaculture company. The company was formerly known as Aqua Bounty Farms, Inc. and changed its name to AquaBounty Technologies, Inc. in June 2004. AquaBounty Technologies, Inc. was incorporated in 1991 and is headquartered in Harvard, Massachusetts.
Frequently Asked Questions
Is AquaBounty Technologies, Inc. (AQB) stock halal to invest in?
According to AAOIFI Shariah screening standards, AquaBounty Technologies, Inc. (AQB) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does AquaBounty Technologies, Inc. have any interest income?
AquaBounty Technologies, Inc.'s interest income ratio is 39.5% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if AQB stock is Shariah-compliant?
AQB is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.

