Is EVI Industries, Inc. (EVI) halal? Halal. Based on AAOIFI screening, EVI Industries, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 92/100 (Grade: A+).

EVI Industries, Inc.

EVI: Is EVI Industries, Inc. Halal?

Halal

EVI Industries, Inc.

AMEXIndustrialsUS

$16.89

-1.46%

About EVI Industries, Inc.

EVI Industries, Inc., operating through its subsidiaries, is a leading provider of commercial and industrial laundry and dry-cleaning machinery. The company offers an extensive array of equipment for both professional and self-service (vended) laundry facilities, including specialized commercial units designed for washing, drying, garment finishing, material handling, water heating, power generation, and water reclamation, alongside steam and hot water boilers. These systems are made available to clients through sales, rental, and leasing arrangements. Their operations span across a wide geographical area, serving customers throughout the United States, Canada, the Caribbean, Latin America, and Asia. In addition to equipment, EVI supplies essential replacement components and complementary accessories. They also deliver crucial post-sale support, encompassing installation, ongoing maintenance, and repair services. The company's diverse clientele comprises government entities, various institutions, industrial businesses, commercial enterprises, and retail establishments. Founded in 1959, the enterprise is headquartered in Miami, Florida. It previously operated under the name EnviroStar, Inc. until its rebranding to EVI Industries, Inc. in December 2018.

Sector: Industrials 路 Industry: Industrial - Distribution

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 14, 2026
A+

Excellent

Exceptionally strong compliance

92Score

Business Activity Screen

Passed

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

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap5.9% / 30.0%

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Screened: Jun 14, 2026Fiscal: Q1 2026Source: FMP

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Financial Overview

Market Cap

217.4M

Price

$16.89

Sector

Industrials

Industry

Industrial - Distribution

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Frequently Asked Questions

Is EVI Industries, Inc. (EVI) halal to invest in?
Based on AAOIFI Standard 21 screening, EVI Industries, Inc. (EVI) is rated Halal with a compliance grade of A+ (Excellent). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did EVI Industries, Inc. get a A+ compliance rating?
EVI Industries, Inc. (EVI) received a grade of A+ (Excellent) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 5.9% (limit 30%); interest-bearing deposits of 4.1% (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 EVI Industries, Inc.'s Shariah verdict?
EVI Industries, 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 EVI Industries, Inc. re-screened for Shariah compliance?
EVI Industries, Inc. (EVI) 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 14, 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.