NuScale Power Corporation (SMR) - Not Halal (Non-Compliant)
NuScale Power Corporation (SMR) 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
- Industrials
- Industry
- Specialty Industrial Machinery
- Result
- Pass
- Reason
- The sector "Industrials" and industry "Specialty Industrial Machinery" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 0.0% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 18.4% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 19.0% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 18.96%.Based on the company's financial statements, approximately 18.96% of dividend income should be donated to charity for purification. This is derived from identified interest income (18.96% of total income). Some scholars may differ on the exact calculation method.
About NuScale Power Corporation
NuScale Power Corporation provides small modular reactor technology solutions. It offers NuScale Power Module (NPM), a light water nuclear reactor that can generate 77 megawatts of electricity (MWe). The company also provides design and nuclear regulatory licensing basis information to construct and operate the power plant; and licensing, design, development, construction, operation, and maintenance of the power plant. In addition, it offers regulatory licensing support services; start-up testing and commissioning support; accredited training programs to support initial and ongoing power plant operations; management of all aspects of the U.S. Nuclear Regulatory Commission required inspections, tests, analysis, and acceptance criteria process; NuScale Power Module mechanical handling; initial and ongoing fuel bundle loading and movement; design engineering management during commercial operation; operations and maintenance program management; procurement and spare parts management; nuclear fuel management, including reload analysis; and outage planning and execution support services. The company has a strategic partnership with Ebara Elliott Energy for the development, demonstration, and testing of industrial scale compressors using power modules. NuScale Power Corporation was founded in 2007 and is headquartered in Corvallis, Oregon.