Is MWH halal?
SOLV Energy, Inc.
Halal
SOLV Energy, Inc. passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 14 October 2026
Exchange
NASDAQ
Price
23.96
Day
+0.08%
Market cap
$5.02B
Industry
Utilities - Renewable
Sector
Utilities
What the company does
SOLV Energy (IPO 2026) is a contractor that builds utility-scale solar plants and battery systems (EPC, 20 GW built) and maintains them. Its money comes from construction and service 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
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $83.62M ÷ current market cap $5.02B = 1.7%
1.7%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $363.97M ÷ current market cap $5.02B = 7.3%
7.3%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $7.16M ÷ annual revenue $2.49B (2025) = 0.3%
0.3%
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.
For information (AAOIFI 3/1 note): cash + receivables are 44.2% 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
- 0.01% · #577 of 1454
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Utilities - Renewable — for comparison.
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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 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.