Is FIRST SOLAR, INC. (FSLR) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 3.2% / 30% | 14.1% / 30% | 9.6% / 30% | 1.57% / 5% | ✓ HALAL |
| DJIM | 3.2% / 33% | 14.1% / 33% | 9.6% / 33% | 1.57% / 5% | ✓ HALAL |
| MSCI | 4.9% / 33% | 21.4% / 33% | 14.6% / 33% | 1.57% / 5% | ✓ HALAL |
| S&P | 3.2% / 33% | 14.1% / 33% | 9.6% / 33% | 1.57% / 5% | ✓ HALAL |
| FTSE | 4.9% / 33% | 21.4% / 33% | 14.6% / 50% | 1.57% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 40.6% | |
| Operating Margin | 32.6% | |
| Net Margin | 29.3% | |
| Return on Equity (ROE) | 17.4% | |
| Return on Assets (ROA) | 7.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $2.1B |
| Free Cash Flow | $1.2B |
| Total Debt | $655M |
| Debt-to-Equity | 6.9 |
| Current Ratio | 2.7 |
| Total Assets | $13.3B |
Price & Trading
| Last Close | $185.83 |
| 50-Day MA | $217.06 |
| 200-Day MA | $217.88 |
| Avg Volume | 2.4M |
| Beta | 1.6 |
|
52-Week Range
$116.56
| |
About FIRST SOLAR, INC. (FSLR)
First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally. The company manufactures and sells PV solar modules with thin film semiconductor technology that provides conventional crystalline silicon PV solar modules. It also designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. The company serves system developers, independent power producers, utilities, commercial and industrial companies, large corporate energy buyers, and other system owners and operators. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Phoenix, Arizona.
Purification Calculator
As a halal stock with 1.57% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is FIRST SOLAR, INC. (FSLR) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), FIRST SOLAR, INC. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is FIRST SOLAR, INC.'s debt ratio?
FIRST SOLAR, INC.'s debt ratio is 3.2% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 4.9%.
Does FIRST SOLAR, INC. require dividend purification?
Yes, FIRST SOLAR, INC. has an impermissible income ratio of 1.57%, which means 1.57% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are FIRST SOLAR, INC.'s key financial metrics?
FIRST SOLAR, INC. has a market capitalization of $20.4B, trailing P/E ratio of 13.4, and revenue of $5.2B. The company maintains a gross margin of 40.6% and a net margin of 29.3%. Return on equity stands at 17.4%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.