Is Hyliion Holdings Corp. (HYLN) Stock Halal or Haram?
Hyliion Holdings Corp. (HYLN) - Not Halal (Non-Compliant)
Hyliion Holdings Corp. (HYLN) 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 Cyclical
Industry
Auto Parts
Result
Pass
Reason
The sector "Consumer Cyclical" and industry "Auto Parts" are not in the excluded categories.
Financial Ratios
Debt Ratio
Value: 0.9% | Threshold: 30% | Result: Pass
Cash & Interest-bearing Securities Ratio
Value: 19.5% | Threshold: 30% | Result: Pass
Non-Permissible Income Ratio
Value: 240.3% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 100.00%.Based on the company's financial statements, approximately 100.00% of dividend income should be donated to charity for purification. This is derived from identified interest income (240.32% of total income). Some scholars may differ on the exact calculation method.
About Hyliion Holdings Corp.
Hyliion Holdings Corp. designs and develops power generators for stationary and mobile applications. Its primary product includes the KARNO Power Module, a fuel-agnostic power generating solution, which enables distributed power generation using conventional fuels, such as natural gas, propane or diesel; waste fuels, such as landfill and wellhead gas; zero carbon fuels, such as renewable hydrogen and ammonia. Hyliion Holdings Corp. was founded in 2015 and is headquartered in Cedar Park, Texas.
Frequently Asked Questions
Is Hyliion Holdings Corp. (HYLN) stock halal to invest in?
According to AAOIFI Shariah screening standards, Hyliion Holdings Corp. (HYLN) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does Hyliion Holdings Corp. have any interest income?
Hyliion Holdings Corp.'s interest income ratio is 19.5% of total revenue. AAOIFI standards require this to be below 30%.
Based on the company's financial statements, approximately 100.00% of dividend income should be donated to charity for purification. This is derived from identified interest income (240.32% of total income). Some scholars may differ on the exact calculation method.
Uses quarterly data
About Hyliion Holdings Corp.
Hyliion Holdings Corp. designs and develops power generators for stationary and mobile applications. Its primary product includes the KARNO Power Module, a fuel-agnostic power generating solution, which enables distributed power generation using conventional fuels, such as natural gas, propane or diesel; waste fuels, such as landfill and wellhead gas; zero carbon fuels, such as renewable hydrogen and ammonia. Hyliion Holdings Corp. was founded in 2015 and is headquartered in Cedar Park, Texas.
United StatesAMEXConsumer Cyclical
Screened using AAOIFI Standard No. 21 on October 20, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.
Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.
Verdict history
Free with an account.
No verdict changes recorded since first screened on May 15, 2026. We started recording changes on Oct 19, 2026.
Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.
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Frequently Asked Questions
According to AAOIFI Shariah screening standards, Hyliion Holdings Corp. (HYLN) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Hyliion Holdings Corp.'s interest income ratio is 19.5% of total revenue. AAOIFI standards require this to be below 30%.
HYLN 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.
Hyliion Holdings Corp.'s compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
You can save HYLN to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Dividends from Hyliion Holdings Corp. require purification. Approximately 100.00% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
What guidelines are used to determine if HYLN stock is Shariah-compliant?
HYLN 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.
How often is Hyliion Holdings Corp. stock reviewed for Shariah compliance?
Hyliion Holdings Corp.'s compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
How can I stay updated on Hyliion Holdings Corp.'s compliance status?
You can save HYLN to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Are dividends from Hyliion Holdings Corp. stock considered halal?
Dividends from Hyliion Holdings Corp. require purification. Approximately 100.00% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Do I need to pay Zakat on my Hyliion Holdings Corp. shares?
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
