Is AADX halal?
Applied Aerospace & Defense, In
Doubtful
No clear verdict is possible for Applied Aerospace & Defense, In — data is insufficient or the case is contested in fiqh. As a precaution it is NOT included in the halal list.
Checked: 14 October 2026
Exchange
NYSE
Price
11.37
Day
+0.18%
Market cap
$1.94B
Industry
Aerospace & Defense
Sector
Industrials
What the company does
Applied Aerospace & Defense (IPO 2026, Huntsville) makes space and defense subsystems: satellite tanks and solar arrays, military-aircraft wing/landing-gear structures, radar antennas and missile bodies. Its money comes from defense and space contracts.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
Activity needs clarification: Aerospace & Defense
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $431.54M ÷ current market cap $1.94B = 22.2%
22.2%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $18.11M ÷ current market cap $1.94B = 0.9%
0.9%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict.
For information (AAOIFI 3/1 note): cash + receivables are 19.0% of total assets (2026-06-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $22.78
- First Eagle Investment Management$5.7M0.0%
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- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
Halal is the first question. The second: when to enter?
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This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.