Is Amprius Technologies (AMPX) stock Halal?

Amprius Technologies is a company at the forefront of innovative battery technology. Specializing in the development and production of high-energy and high-power lithium-ion batteries, Amprius Technologies aims to enhance the performance and efficiency of energy storage solutions across various applications. Its key offerings are targeted towards industries such as electric vehicles, aerospace, and consumer electronics, where demand for lightweight, long-lasting, and quick-charging batteries is consistently high. For Muslim investors, though, the most pressing question is simpler: is Amprius Technologies a Halal investment?

Is Amprius Technologies Shariah compliant?

Yes. In the October 2026 screening Amprius Technologies (AMPX) passes AAOIFI Shariah Standard No. 21: the business activity screen and every financial ratio screen hold. Supplying power, gas or water is a permissible service, so utilities like Amprius Technologies rarely trouble the activity screen. The pressure point is the balance sheet: grids and plants are among the most debt financed assets in any market, and AAOIFI Shariah Standard No. 21 caps interest bearing debt at 30% of market capitalisation, the screen that decides most utility verdicts.

Does Amprius Technologies pass the business activity test?

Yes. In the October 2026 screening Amprius Technologies holds an overall PASS, which a stock only earns when its core business clears the activity screen. Delivering power or water raises no Shariah objection in itself; the scrutiny belongs to the debt behind the network.

Is Amprius Technologies' income Halal?

Yes, within AAOIFI's tolerance. Amprius Technologies' income from non-permissible sources stays below 5% of revenue in the October 2026 screening, and the small impure portion is handled through purification: the factor of 100% tells holders of AMPX what share of each dividend to keep and what remainder to donate to charity. On a dividend yield of around 28.99%, the purification amount is modest but real.

Does Amprius Technologies meet AAOIFI's debt and investment ratio requirements?

Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation, measured against a market capitalisation of $1.41B (market data as of 1 October 2026). Because the caps move with the share price, our Shariah Supervisory Board has AMPX re-screened every month, and the result above always shows the latest verdict.

Why do other halal screeners show a different verdict for Amprius Technologies?

Screeners can disagree without either being wrong. AAOIFI Shariah Standard No. 21, which Tabadulat applies, measures interest bearing debt and investments against market capitalisation with a 30% ceiling. MSCI and FTSE measure them against total assets with a 33% ceiling, and S&P and Dow Jones Islamic use a multi year average of market capitalisation. Data dates differ too, because each provider reads filings and prices on its own schedule. The same company can therefore pass one standard and fail another in the same month. Tabadulat publishes one answer, the AAOIFI result as of October 2026, and re-screens it every month.

Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.

New to the screening method? Read What is Riba? A Clear Guide for Ethical Muslim Investing