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Is Enphase Energy Inc (ENPH) stock halal to invest in?

Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level,... Read More

Industry: Semiconductors Semiconductor Equipment Sector: Information Technology

Currently in review check back by end of Jan 2022

Enphase Energy Inc (ENPH)

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Report Summary

  • None of the business's revenue comes from Haram.
  • Interest is used but is not relied on to run the company.
  • The company has a substantial positive impact on the environment, society and governance.
What are Halal Investors' Comfort Levels?
Our Comfort Levels are based on our analysts’ latest review of a company's business, finances, and Environmental, Social and Governance (ESG) Impact. Our reports are not meant to be understood as a religious ruling (fatwa). Rather, they represent our best efforts in trying to identify whether a company is engaged in anything forbidden in Islam (haram) and to what extent. Based on our analysis, we determine our Comfort Level with investing in the company. We encourage readers to let us know if we missed anything in the comments and to voice their agreement/disagreement by leaving a thumbs up/down. Read more about our methodology.

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