Is Array Technologies, Inc. ARRY stock halal to invest in?

No, as of August 2026, Array Technologies, Inc. stock (ARRY) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening halal stocks. To qualify as halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. Array Technologies, Inc. currently does not meet the threshold for the interest-bearing debt screen. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of Array Technologies, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Array Technologies, Inc. ARRY reviewed for Shariah compliance?

Tabadulat reviews Array Technologies, Inc. ARRY for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Array Technologies, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Array Technologies, Inc. ARRY pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, Array Technologies, Inc. stock (ARRY) passes the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. Array Technologies, Inc.'s income from non-permissible sources is currently within this 5% threshold. Even permissible levels of incidental impure income should still be purified: investors donate the corresponding share of dividends to charity, as reflected in the stock's purification factor. This screen is reassessed monthly using the company's latest financial disclosures.

Does Array Technologies, Inc. ARRY pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Array Technologies, Inc. stock (ARRY) passes the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. This limit ensures shareholders are not materially profiting from riba (interest). Array Technologies, Inc.'s interest-bearing investments are currently within the 30% threshold. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does Array Technologies, Inc. ARRY pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Array Technologies, Inc. stock (ARRY) does not pass the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar riba-based financing) must remain below 30% of its market capitalisation. Array Technologies, Inc.'s interest-bearing debt currently exceeds this 30% limit, meaning the company relies on riba-based financing beyond the level AAOIFI permits for a halal investment. A company can return to compliance by reducing debt or through changes in market capitalisation, and the screen is reassessed monthly.

What is the dividend purification factor for Array Technologies, Inc. ARRY stock?

Array Technologies, Inc. (ARRY) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a halal investment. If Array Technologies, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Array Technologies, Inc. ARRY pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Array Technologies, Inc. stock (ARRY) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Array Technologies, Inc. has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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Array Technologies, Inc.

NASDAQ

Shariah-Compliant

Not Shariah

ARRY

About

Array Technologies, Inc.

ARRY

Array Technologies Inc. is a leading provider of solar tracking solutions, specializing in designing and manufacturing ground-mounted systems to optimize solar energy output. The company is known for its advanced single-axis tracking technology, which enables solar panels to follow the sun’s trajectory throughout the day, thereby enhancing energy capture and efficiency. Array Technologies serves a diverse range of clients, including utility-scale solar project developers and operators, EPCs (engineering, procurement, and construction companies), and commercial entities looking to harness solar power. Their systems are designed to be durable, cost-effective, and adaptable to various climatic conditions. Within the renewable energy sector, Array Technologies plays a crucial role in facilitating the transition to clean energy sources by improving the performance and cost-effectiveness of solar power installations. By driving advancements in solar tracking technology, the company contributes significantly to reducing global CO2 emissions and supporting sustainable development goals.

Sector:

Technology

Industry:

Solar

Employees:

1021

Website:

https://arraytechinc.com

ARRY

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Array Technologies, Inc.

About

Array Technologies, Inc.

ARRY

Frequently asked questions

Is Array Technologies, Inc. ARRY stock halal to invest in?

How often is Array Technologies, Inc. ARRY reviewed for Shariah compliance?

Does Array Technologies, Inc. ARRY pass the AAOIFI Non Permissible Income criteria?

Does Array Technologies, Inc. ARRY pass the AAOIFI Interest Bearing Investments criteria?

Does Array Technologies, Inc. ARRY pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Array Technologies, Inc. ARRY stock?

Does Array Technologies, Inc. ARRY pass the AAOIFI Preference Share screen?

Can I buy Array Technologies (ARRY) stock on Tabadulat?

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