Is AXTI halal?
AXT Inc
Not halal
AXT Inc did not pass AAOIFI screening. The failed check is shown below.
Checked: 15 October 2026
Exchange
NASDAQ
Price
51.47
Day
-11.12%
Market cap
$3.63B
Industry
Semiconductor Equipment & Materials
Sector
Technology
What the company does
AXT makes compound semiconductor wafers (substrates): indium phosphide, gallium arsenide and germanium for laser, 5G and solar chips, with factories in China. Revenue comes from wafer sales.
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
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $84.23M ÷ 36-month average market cap $893.52M = 9.4%
9.4%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $715.80M ÷ 36-month average market cap $893.52M = 80.1%
80.1%
Fail
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. Today's market cap: $3.63B.
For information (AAOIFI 3/1 note): cash + receivables are 41.4% 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: $72.08
- Polen Capital Management$3.8M0.0%
Halal stocks in the same industry
The largest halal stocks in Semiconductor Equipment & Materials — for comparison.
Related articles
- Market reviewMentions AXTISeptember 2026: stocks that left and joined the halal listIn September 132 stocks left the halal list and 105 joined. The main reasons, examples — and one important methodology fix.
- Halal investingBlogHaram revenue you can't see from the industry label: pork, weapons, casinosPork hides under "Packaged Foods", weapons under "Aerospace & Defense". What automated screening misses and how we catch it by hand.
- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
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.