Is ARXS halal?

What the company does

Arxis (IPO 2026) makes specialized electronic and mechanical components: connectors, cable assemblies, RF/microwave products, precision bearings, seals and radar-absorbing materials for defense, aerospace, medical and semiconductor customers (the defense share is checked by the screener).

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 $1.72B ÷ current market cap $21.66B = 7.9%

  7.9%

  Pass

• Cash & investments / market cap

  limit 30%

  Cash + interest-bearing securities $494.69M ÷ current market cap $21.66B = 2.3%

  2.3%

  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 12.1% 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