What is NVE Corporation's Shariah compliance score?

NVE Corporation's (NVEC) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does NVE Corporation pass AAOIFI screening?

NVE Corporation (NVEC) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (NVEC: 0.2%), (3) interest-bearing deposits below 30% (NVEC: 3.9%), and (4) prohibited income below 5% (NVEC: 7.4%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for NVE Corporation stock?

NVE Corporation (NVEC) has a non-permissible income ratio of 7.38%. Muslim investors should purify this percentage of any dividends received and capital gains realized from NVEC shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen NVE Corporation for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for NVE Corporation (NVEC) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about NVEC's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

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

NVEC: Is NVE Corporation Halal?

Not Halal

NVE Corporation

NASDAQTechnologyUS

$106.87

+4.66%

AvoidBorderlineClean

About NVE Corporation

NVE Corporation specializes in the development and sale of advanced devices that leverage spintronics, a nanotechnology harnessing electron spin for the acquisition, storage, and transmission of information. The company's operations span both domestic and international markets. Its core offerings include spintronic sensors and couplers, fundamental components for data acquisition and transfer. The sensor portfolio comprises standard models, predominantly used in factory automation to detect magnetic or metallic materials and ascertain position or speed. Furthermore, NVE crafts custom and medical-grade sensors, designed for integration into medical equipment, where they replace conventional electromechanical magnetic switches. Spintronic couplers are also provided, specifically tailored for applications within the Industrial Internet of Things (IIoT). Beyond its product lines, NVE engages in contract-based research and development and licenses its groundbreaking spintronic magnetoresistive random access memory (MRAM) technology. Established in 1989, NVE Corporation is headquartered in Eden Prairie, Minnesota.

Sector: Technology · Industry: Semiconductors

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 16, 2026

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 Cap0.2% / 30.0%

Compliance History

Not Halalnow
since Jun 2026
Halal
until the change above

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

Screened: Jun 16, 2026Fiscal: FY 2026Source: EDGAR

Financial Overview

Market Cap

516.9M

Price

$106.87

Sector

Technology

Industry

Semiconductors

Halal Alternatives in Technology

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

UIA+

Ubiquiti Inc.

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Red Cat Holdings, Inc.

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Frequently Asked Questions

Is NVE Corporation (NVEC) halal to invest in?

NVE Corporation (NVEC) 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 NVE Corporation get a F compliance rating?

NVE Corporation (NVEC) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.2% (limit 30%); interest-bearing deposits of 3.9% (limit 30%); prohibited income of 7.38% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change NVE Corporation's Shariah verdict?

NVE Corporation'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 NVE Corporation re-screened for Shariah compliance?

NVE Corporation (NVEC) 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 16, 2026.

Screened according to AAOIFI Standard No. 21 · 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.