Is Enovix Corp. ENVX stock halal to invest in?

No, as of August 2026, Enovix Corp. stock (ENVX) 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. Enovix Corp. currently does not meet the threshold for the non-permissible income, interest-bearing investments and interest-bearing debt screens. 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 Enovix Corp. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Enovix Corp. ENVX reviewed for Shariah compliance?

Tabadulat reviews Enovix Corp. ENVX 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 Enovix Corp. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Enovix Corp. ENVX pass the AAOIFI Non Permissible Income criteria?

No, as of August 2026, Enovix Corp. stock (ENVX) does not pass 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. Enovix Corp.'s income from non-permissible sources currently exceeds this 5% ceiling, which makes the stock non-compliant on this criterion regardless of how it performs on the other screens. The screen is reassessed monthly, so the status can change when the company releases new financial statements.

Does Enovix Corp. ENVX pass the AAOIFI Interest Bearing Investments criteria?

No, as of August 2026, Enovix Corp. stock (ENVX) does not pass 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. Enovix Corp.'s interest-bearing investments currently exceed this 30% limit, meaning too large a share of the company's value derives from riba-based instruments for the stock to qualify as halal on this criterion. The ratio moves with both the balance sheet and the share price, and is reassessed monthly.

Does Enovix Corp. ENVX pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Enovix Corp. stock (ENVX) 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. Enovix Corp.'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 Enovix Corp. ENVX stock?

Enovix Corp. (ENVX) 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 Enovix Corp. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Enovix Corp. ENVX pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Enovix Corp. stock (ENVX) 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. Enovix Corp. 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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العربية

Enovix Corp.

NASDAQ

Shariah-Compliant

Not Shariah

ENVX

About

Enovix Corp.

ENVX

Enovix Corp is a technology-driven company specializing in the design and manufacture of advanced rechargeable lithium-ion batteries. The primary focus of Enovix Corp is on developing batteries that offer superior energy density and longevity, aiming to revolutionize the energy storage sector. The company's innovative 3D cell architecture is designed to enhance battery performance while retaining safety and reliability, making it a pivotal player in the evolution of energy solutions. Enovix's technology has significant implications for several high-impact industries, including consumer electronics, electric vehicles, and wearable devices, where the demand for efficient and safer battery solutions is continually rising. The company seeks to address the limitations of traditional flat-cell batteries by providing solutions that accommodate the increasingly compact and high-performance requirements of modern electronic devices. As a significant contributor to the energy storage sector, Enovix Corp plays a vital role in supporting sustainable practices and technological advancements in energy-dependent sectors. By fostering innovation in battery technology, Enovix contributes to the global shift toward renewable energy and the broader adoption of electric transportation, thereby enhancing the sustainability and efficiency of technological ecosystems.

Sector:

Industrials

Industry:

Electrical Equipment & Parts

Employees:

570

Website:

https://www.enovix.com

ENVX

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Enovix Corp.

About

Enovix Corp.

ENVX

Frequently asked questions

Is Enovix Corp. ENVX stock halal to invest in?

How often is Enovix Corp. ENVX reviewed for Shariah compliance?

Does Enovix Corp. ENVX pass the AAOIFI Non Permissible Income criteria?

Does Enovix Corp. ENVX pass the AAOIFI Interest Bearing Investments criteria?

Does Enovix Corp. ENVX pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Enovix Corp. ENVX stock?

Does Enovix Corp. ENVX pass the AAOIFI Preference Share screen?

Can I buy Enovix (ENVX) stock on Tabadulat?

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