Is Orion Energy Systems, Inc. OESX stock halal to invest in?

Yes, as of August 2026, Orion Energy Systems, Inc. stock (OESX) is 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. Orion Energy Systems, Inc. currently passes all four AAOIFI financial screens: non-permissible income remains below 5% of total revenue, interest-bearing investments and interest-bearing debt each remain below 30% of market capitalisation, and the company has no impermissible preference share structure. The stock's current purification factor is 100%. Compliance is reassessed every month as updated screening data arrives, and a stock's status can change when new financial reports are released. You can always check the current status of Orion Energy Systems, Inc. and explore other Shariah compliant stocks in the Tabadulat app.

How often is Orion Energy Systems, Inc. OESX reviewed for Shariah compliance?

Tabadulat reviews Orion Energy Systems, Inc. OESX 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screening ensures the status shown for Orion Energy Systems, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Orion Energy Systems, Inc. OESX pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, Orion Energy Systems, Inc. stock (OESX) 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. Orion Energy Systems, 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 Orion Energy Systems, Inc. OESX pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Orion Energy Systems, Inc. stock (OESX) 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). Orion Energy Systems, 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 Orion Energy Systems, Inc. OESX pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Orion Energy Systems, Inc. stock (OESX) passes 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. This cap limits shareholders' exposure to interest-based leverage. Orion Energy Systems, Inc.'s interest-bearing debt is currently within the 30% threshold. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for Orion Energy Systems, Inc. OESX stock?

As of August 2026, the dividend purification factor for Orion Energy Systems, Inc. (OESX) is 100%. Purification (tazkiyah) is the practice of donating to charity the portion of dividend income attributable to incidental non-permissible sources, typically interest earned on a company's cash, and AAOIFI methodology requires it even for fully compliant stocks. The purification factor is the figure halal investors use to work out that donation on Orion Energy Systems, Inc. dividends. It is recalculated with each monthly screening as new financial data arrives, and the Tabadulat app can help you calculate and track purification across your whole portfolio.

Does Orion Energy Systems, Inc. OESX pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Orion Energy Systems, Inc. stock (OESX) 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. Orion Energy Systems, 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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Orion Energy Systems, Inc.

NASDAQ

Shariah-Compliant

Not Shariah

OESX

About

Orion Energy Systems, Inc.

OESX

Orion Energy Systems, Inc. is an American company specializing in LED lighting systems and intelligent controls. Founded in 1996 in Plymouth, Wisconsin, and headquartered in Manitowoc, Wisconsin, it designs, manufactures, and installs energy-efficient lighting solutions, including wiring equipment and electric vehicle charging systems. The company serves diverse sectors such as manufacturing, automotive original equipment manufacturers, and utility programs like Eversource Energy's EV make-ready initiatives, with recent contracts exceeding $13 million. Orion Energy Systems, Inc. went public in 2007 and has been recognized for its contributions to energy technology, notably highlighted by President Barack Obama in 2009 and during his 2011 company visit. It focuses on innovation, exemplified by products like TritonPro, targeting expanded market segments in sustainable lighting and controls. Operating in the growing demand for green technologies, the firm supports commercial and industrial clients aiming to reduce energy costs and environmental impact through advanced, intelligent systems.

Sector:

Industrials

Industry:

Electrical Equipment & Parts

Employees:

182

Website:

https://www.orionlighting.com

OESX

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Orion Energy Systems, Inc.

About

Orion Energy Systems, Inc.

OESX

Frequently asked questions

Is Orion Energy Systems, Inc. OESX stock halal to invest in?

How often is Orion Energy Systems, Inc. OESX reviewed for Shariah compliance?

Does Orion Energy Systems, Inc. OESX pass the AAOIFI Non Permissible Income criteria?

Does Orion Energy Systems, Inc. OESX pass the AAOIFI Interest Bearing Investments criteria?

Does Orion Energy Systems, Inc. OESX pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Orion Energy Systems, Inc. OESX stock?

Does Orion Energy Systems, Inc. OESX pass the AAOIFI Preference Share screen?

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