Fluence Energy, Inc. (FLNC) - Not Halal (Non-Compliant)
Fluence Energy, Inc. (FLNC) 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
- Utilities
- Industry
- Utilities - Renewable
- Result
- Pass
- Reason
- The sector "Utilities" and industry "Utilities - Renewable" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 34.4% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 29.7% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.3% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.25%.Based on the company's financial statements, approximately 0.25% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.25% of total income). Some scholars may differ on the exact calculation method.
About Fluence Energy, Inc.
Fluence Energy, Inc., through its subsidiaries, provides energy storage and optimization software for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It sells energy storage products with integrated hardware, software, and digital intelligence. The company's energy storage products include Gridstack Pro, a large-scale front-of-the-meter application; Gridstack, a front-of-the-meter application; Ultrastack for critical system requirements of distribution and transmission networks; Smartstack, a split architecture design, incorporating embedded intelligence and higher energy density compared to traditional AC systems; Fluence Mosaic, a conventional bidding software; and Fluence Nispera, an asset performance management (APM) software. The company also provides operational and maintenance services; and digital applications. It serves independent power producers, developers, conglomerates, utilities/load-serving entities, and commercial and industrial customers. Fluence Energy, Inc. was founded in 2018 and is headquartered in Arlington, Virginia.

