Is Flexible Solutions International (FSI) stock Halal?
Under AAOIFI Shariah Standard No. 21, a Halal stock keeps non-permissible income below 5% of revenue and interest-bearing debt and investments each below 30% of market capitalisation. Flexible Solutions International, Inc. (FSI) passes all four screens as of September 2026, with a dividend purification factor of 99.55%.
Flexible Solutions International is a leading company dedicated to the development and manufacturing of environmentally sustainable chemicals. Their primary focus is on engineered polymers designed for water and energy savings, which are crucial in reducing the environmental footprint of various industries. One of their notable products includes biodegradable and eco-friendly chemicals, such as WaterSavr™, which is aimed at minimizing evaporation in water reservoirs and aiding in water conservation efforts. For Muslim investors, though, the most pressing question is simpler: is Flexible Solutions International a Halal investment?
Is Flexible Solutions International Shariah compliant?
Extracting and selling oil, gas or materials is a permissible business, so companies like Flexible Solutions International rarely stumble on the activity screen. The pressure point is capital structure: energy is a capital hungry industry that borrows heavily, and AAOIFI Shariah Standard No. 21 caps interest bearing debt at 30% of market capitalisation, a line that moves as commodity cycles move the share price.
Does Flexible Solutions International pass the business activity test?
Yes. In the September 2026 screening Flexible Solutions International holds an overall PASS, which a stock only earns when its core business clears the activity screen. The activity itself, extracting and selling resources, raises no Shariah objection; the scrutiny belongs to the financing.
Is Flexible Solutions International's income Halal?
Yes, within AAOIFI's tolerance. Flexible Solutions International's income from non-permissible sources stays below 5% of revenue in the September 2026 screening, and the small impure portion is handled through purification: the factor of 99.55% tells holders of FSI what share of each dividend to keep and what remainder to donate to charity.
Does Flexible Solutions International 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 FSI re-screened every month, and the result above always shows the latest verdict.
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 four screens? Read AAOIFI Standards Explained: What Makes a Stock Halal?



