Aeva Technologies Inc

AEVA

Not Compliant
Exchange
Sector
Headquarters
Group
NASDAQ
Technology
USA
Small Cap

Aeva Technologies Inc is not Shariah Compliant because it fails the financial ratios.

12.28%

Impure Income*

$0.012

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Small Cap
BUY
$22.50
4
85.93%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-705.77%
-804.40%
4.12
4.28
3.43%

Shariah Compliance

  • Updated on July 21, 2026
Debt
5.34%
✓
Non-Compliant Assets
3.77%
✓
Impure Income
12.28%
✗

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
19.24%
✓
Impure Income
12.28%
✗

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
14.53%
✓
Impure Income
12.28%
✗

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
65.71%
✗
Cash
21.16%
✓
Cash & AR
27.21%
✓
Impure Income
12.28%
✗

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
65.71%
✗
Cash
21.16%
✓
Cash & AR
27.21%
✓
Impure Income
12.28%
✗

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
12.28%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Aeva Technologies, Inc. is engaged in the design, manufacturing and sale of LiDAR sensing systems and related perception and autonomy-enabling software solutions serving customers in automotive, industrial, and other markets. The Company, through its frequency modulated continuous wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that, along with its proprietary software applications, has the potential to enable the adoption of LiDAR across broad applications from automated driving to consumer electronics, consumer health, industrial automation and security application. Its products include Atlas, Atlas Ultra, and Aeva Eve. The Atlas is a FMCW 4D LiDAR with simultaneous velocity and range detection, which is powered by the Company’s custom silicon technology including CoreVision LiDAR-on-chip module and the Aeva X1 system-on-chip (SoC) LiDAR processor. The Atlas Ultra is a 4D LiDAR sensor built to meet the performance demands of SAE Level 3 and 4 automated driving systems.

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