Is EFOI halal?
Energy Focus, Inc.
Halal
Energy Focus, Inc. passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 15 October 2026
Exchange
NASDAQ
Price
2.6
Day
-9.09%
Market cap
$17.8M
Industry
Furnishings, Fixtures & Appliances
Sector
Consumer Cyclical
What the company does
Energy Focus makes LED lighting: LED lamps for US Navy ships (the main customer) and commercial/industrial LED fixtures. Its money comes from lighting sales (the military customer is considered 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
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $911K ÷ 36-month average market cap $10.88M = 8.4%
8.4%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $1.10M ÷ 36-month average market cap $10.88M = 10.1%
10.1%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $2K ÷ annual revenue $3.56M (2025) = 0.1%
0.1%
Pass
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: $17.83M.
For information (AAOIFI 3/1 note): cash + receivables are 44.9% 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
- Among halal stocks
- 0.00% · #1368 of 1455
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Furnishings, Fixtures & Appliances — for comparison.
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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.