Is FUEL TECH, INC. (FTEK) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1.6% / 30% | 48.9% / 30% | 24.5% / 30% | 4.98% / 5% | ✗ NOT HALAL |
| DJIM | 1.6% / 33% | 48.9% / 33% | 24.5% / 33% | 4.98% / 5% | ✗ NOT HALAL |
| MSCI | 1.3% / 33% | 38.3% / 33% | 19.2% / 33% | 4.98% / 5% | ✗ NOT HALAL |
| S&P | 1.6% / 33% | 48.9% / 33% | 24.5% / 33% | 4.98% / 5% | ✗ NOT HALAL |
| FTSE | 1.3% / 33% | 38.3% / 33% | 19.2% / 50% | 4.98% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 46.4% | |
| Operating Margin | -19.7% | |
| Net Margin | -8.7% | |
| Return on Equity (ROE) | -5.7% | |
| Return on Assets (ROA) | -4.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $3M |
| Free Cash Flow | $2M |
| Total Debt | $580,000 |
| Debt-to-Equity | 1.5 |
| Current Ratio | 5.1 |
| Total Assets | $47M |
Price & Trading
| Last Close | $1.25 |
| 50-Day MA | $1.35 |
| 200-Day MA | $2.19 |
| Avg Volume | 185K |
| Beta | 1.1 |
|
52-Week Range
$0.91
| |
About FUEL TECH, INC. (FTEK)
Fuel Tech, Inc. engages in the development, commercialization, and application of technologies for air pollution control, process optimization, water treatment, and advanced engineering services to utility and industrial customers in the United States, rest of the Americas, Europe, South Africa, the Pacific Rim, and internationally. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide emissions (NOx) in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources; NOxOUT selected non-catalytic reduction and selected catalytic reduction systems, including ammonia injection grid and graduated straightening grid systems; electrostatic precipitator processes and services; ULTRA technology; urea direct injection systems; and flue gas conditioning systems. Its FUEL CHEM Technology segment provides chemical injection programs to improve the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units for the control of slagging, fouling, corrosion, opacity, and acid plume, as well as the formation of sulfur trioxide, ammonium bisulfate, particulate matter, sulfur dioxide, and carbon dioxide through the addition of chemicals into the furnace using targeted in-furnace injection technology. This segment also offers its FUEL CHEM program for plants operating in the electric utility, industrial, pulp and paper, waste-to-energy, and university and district heating markets; and the owners of boilers, furnaces, and other combustion units for treating a wide variety of solid and liquid fuels, including coal, heavy oil, black liquor, biomass, and municipal waste. In addition, the company provides dissolved gas infusion systems, which utilize a proprietary channel injector and a patented saturator that infuses oxygen, carbon dioxide, or other gases into water; and visualization software. Fuel Tech, Inc. was incorporated in 1987 and is headquartered in Warrenville, Illinois.
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Frequently Asked Questions
Is FUEL TECH, INC. (FTEK) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), FUEL TECH, INC. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is FUEL TECH, INC.'s debt ratio?
FUEL TECH, INC.'s debt ratio is 1.6% 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 1.3%.
What are FUEL TECH, INC.'s key financial metrics?
FUEL TECH, INC. has a market capitalization of $38M, and revenue of $27M. The company maintains a gross margin of 46.4% and a net margin of -8.7%. Return on equity stands at -5.7%.
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.