Is Ameresco, Inc. (AMRC) halal? Not Halal. Based on AAOIFI screening, Ameresco, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Ameresco, Inc.

AMRC: Is Ameresco, Inc. Halal?

Not Halal

Ameresco, Inc.

NYSEIndustrialsUS

$27.88

+8.10%

About Ameresco, Inc.

Ameresco, Inc. operates as a clean technology integrator, offering a broad spectrum of solutions focused on energy efficiency and sustainable energy generation across the United States, Canada, and global markets. The company serves diverse businesses and organizations by implementing strategies for enhanced energy efficiency, critical infrastructure improvements, bolstered energy security and resilience, improved asset longevity, and the deployment of renewable energy systems. Its operations are structured into distinct segments: U.S. Regions, U.S. Federal, Canada, and Non-Solar Distributed Generation. Ameresco specializes in the conceptualization, development, engineering, and installation of projects specifically designed to lower energy consumption and decrease operational and maintenance (O&M) expenses for client facilities. These projects typically involve tailored interventions aimed at optimizing the performance of critical building infrastructure, including heating, ventilation, cooling, and lighting systems. Additionally, Ameresco delivers comprehensive renewable energy services. This encompasses building small-scale power generation facilities, either owned directly by the company or constructed for clients, to produce electricity, gas, heat, or cooling from sustainable sources. They also provide ongoing operations and maintenance for these plants and market the generated renewable electricity, processed gas fuel, or thermal energy. Beyond this, the company distributes photovoltaic (PV) solar products and integrated systems, offers specialized consulting, and provides enterprise-level energy management solutions. Notably, Ameresco also owns and manages a wind power facility situated in Ireland. Its broad client base includes federal, state, and local governmental bodies, healthcare organizations, educational establishments, airports, public housing entities, universities, and a wide spectrum of commercial and industrial clients. By the close of 2021, specifically December 31st, Ameresco's portfolio featured 147 wholly-owned and operated small-scale renewable energy facilities and solar photovoltaic installations. Founded in 2000, Ameresco, Inc. maintains its corporate headquarters in Framingham, Massachusetts.

Sector: Industrials 路 Industry: Engineering & Construction

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 12, 2026
F

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap118.5% / 30.0%

Compliance History

  1. Not Halalnow

    since Jun 2026

  2. Halal

    until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 12, 2026Fiscal: Q1 2026Source: FMP

Financial Overview

Market Cap

1.5B

Price

$27.88

Sector

Industrials

Industry

Engineering & Construction

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Frequently Asked Questions

Is Ameresco, Inc. (AMRC) halal to invest in?
Ameresco, Inc. (AMRC) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Ameresco, Inc. get a F compliance rating?
Ameresco, Inc. (AMRC) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 118.5% (limit 30%); interest-bearing deposits of 4.9% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Ameresco, Inc.'s Shariah verdict?
Ameresco, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Ameresco, Inc. re-screened for Shariah compliance?
Ameresco, Inc. (AMRC) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 12, 2026.

Screened according to AAOIFI Standard No. 21 路 For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.