
Is Fox Factory (FOXF) stock Halal?
September 2026 AAOIFI screening result for Fox Factory Holding Corp. (FOXF): non-permissible income, pass. Interest-bearing investments, pass. Interest-bearing debt, fail. Preference shares, pass. Fox Factory Holding Corp. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Fox Factory is a leading designer, manufacturer, and supplier of high-performance suspension products and related components. The company's primary function is to deliver critical suspension solutions for a wide range of markets including bicycles, on-road and off-road vehicles, trucks, and motorcycles, catering to both professional racers and enthusiasts. Notable for its advanced engineering, Fox Factory focuses on enhancing vehicle performance through its innovative suspension systems that improve ride quality, control, and handling. Before any of that matters to a Muslim investor, one question comes first: is Fox Factory stock Halal?
Is Fox Factory Shariah compliant?
Industrial businesses like Fox Factory usually pass the activity screen without drama. The harder test is financial: heavy assets mean heavy financing, and AAOIFI Shariah Standard No. 21 tolerates interest bearing debt and investments only below 30% of market capitalisation, ratios that shift with every move in the share price.
Does Fox Factory pass the business activity test?
The activity screen is only part of the picture this month: Fox Factory currently fails the interest-bearing debt screen, so the overall verdict is not compliant regardless of the business itself. The activity itself raises no Shariah objection; the scrutiny belongs to the financing.
Is Fox Factory's income Halal?
Yes, within AAOIFI's tolerance. Fox Factory's income from non-permissible sources stays below 5% of revenue in the September 2026 screening.
Does Fox Factory meet AAOIFI's debt and investment ratio requirements?
Not in full. Interest bearing debt currently exceeds the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.
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?



