What is Shoals Technologies Group, Inc.'s Shariah compliance score?

Shoals Technologies Group, Inc. (SHLS) has a Shariah compliance score of 92/100 (Grade: A+, Excellent) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Shoals Technologies Group, Inc. pass AAOIFI screening?

Shoals Technologies Group, Inc. (SHLS) passes 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% (SHLS: 8.1%), (3) interest-bearing deposits below 30% (SHLS: 0.4%), and (4) prohibited income below 5% (SHLS: 0.1%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Shoals Technologies Group, Inc. stock?

Shoals Technologies Group, Inc. (SHLS) has a non-permissible income ratio of 0.15%. Muslim investors should purify this percentage of any dividends received and capital gains realized from SHLS 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 Shoals Technologies Group, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Shoals Technologies Group, Inc. (SHLS) 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 SHLS's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

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

SHLS: Is Shoals Technologies Group, Inc. Halal?

Halal

Shoals Technologies Group, Inc.

NASDAQEnergyUS

$12.46

+2.30%

AvoidBorderlineClean

Purify ~0.1% of income

About Shoals Technologies Group, Inc.

Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions for solar energy projects in the United States. It produces EBOS components, including cable assemblies, inline fuses, combiners, disconnects, recombiners, wireless monitoring systems, junction boxes, transition enclosures, splice boxes, wire management solutions, and IV curve benchmarking devices. The company also sells EV Charging solutions for public and fleet electric vehicle charging stations; and EBOS systems. It sells its products principally to engineering, procurement, and construction firms that build solar energy projects and install electric vehicle charging stations. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.

Sector: Energy · Industry: Solar

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 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 Cap8.1% / 30.0%

Compliance History

Halalnow
since Jun 2026
Not Halal
until the change above

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

Screened: Jun 18, 2026Fiscal: Q1 2026Source: EDGAR

Purify Your SHLS Dividends

0.1% non-compliant income

SHLS has 0.1% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

2.1B

Price

$12.46

Sector

Energy

Industry

Solar

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Frequently Asked Questions

Is Shoals Technologies Group, Inc. (SHLS) halal to invest in?

Based on AAOIFI Standard 21 screening, Shoals Technologies Group, Inc. (SHLS) 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 Shoals Technologies Group, Inc. get a A+ compliance rating?

Shoals Technologies Group, Inc. (SHLS) received a grade of A+ (Excellent) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 8.1% (limit 30%); interest-bearing deposits of 0.4% (limit 30%); prohibited income of 0.15% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Shoals Technologies Group, Inc.'s Shariah verdict?

Shoals Technologies Group, 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 Shoals Technologies Group, Inc. re-screened for Shariah compliance?

Shoals Technologies Group, Inc. (SHLS) 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 18, 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.