
Is Atomera (ATOM) stock Halal?
September 2026 AAOIFI screening result for Atomera, Inc. (ATOM): non-permissible income, fail. Interest-bearing investments, pass. Interest-bearing debt, pass. Preference shares, pass. Atomera, Inc. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Atomera is a cutting-edge semiconductor materials and technology company focused on the enhancement of electronic products. The company’s primary objective is to improve the performance and efficiency of semiconductors, which are fundamental to a multitude of electronic devices. Atomera's flagship product, Mears Silicon Technology (MST®), is designed to support manufacturers in achieving higher transistor performance, energy efficiency, and cost-effectiveness. This innovation significantly impacts industries such as consumer electronics, telecommunications, and automotive, where semiconductor applications are crucial. Before any of that matters to a Muslim investor, one question comes first: is Atomera stock Halal?
Is Atomera Shariah compliant?
The Shariah case on a technology company like Atomera is rarely about the product. What AAOIFI Shariah Standard No. 21 examines is the money around the product: cash parked in instruments that earn Riba, borrowing measured against a market capitalisation that moves daily, and any incidental income from sources Islam prohibits, which must stay below 5% of revenue.
Does Atomera pass the business activity test?
The activity screen is only part of the picture this month: Atomera currently fails the non-permissible income screen, so the overall verdict is not compliant regardless of the business itself. The watch item for technology names is incidental: cash returns and platform content can carry impermissible elements, which AAOIFI tolerates only below the thresholds.
Is Atomera's income Halal?
No. Atomera's income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.
Does Atomera 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. Because the caps move with the share price, our Shariah Supervisory Board has ATOM re-screened every month, and the result above always shows the latest verdict.
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