Is IA halal?
Innovative Solutions and Suppor
Doubtful
No clear verdict is possible for Innovative Solutions and Suppor — 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
NASDAQ
Price
19.35
Day
+2.44%
Market cap
$348.7M
Industry
Aerospace & Defense
Sector
Industrials
What the company does
Innovative Solutions & Support makes aircraft avionics: cockpit displays, autopilots and control systems (for Pilatus, Boeing, military and business jets), plus product lines bought from Honeywell. Its money comes from avionics sales (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 $54.31M ÷ 36-month average market cap $204.13M = 26.6%
26.6%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $10.69M ÷ 36-month average market cap $204.13M = 5.2%
5.2%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $19K ÷ annual revenue $84.30M (2025) = 0.0%
0.0%
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: $348.68M.
For information (AAOIFI 3/1 note): cash + receivables are 19.4% 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
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- Halal investingBlogWhy does a stock's halal status change?A stock that was halal yesterday can leave the list today. The four main reasons — and why none of them is a bug.
- 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?
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.