Is INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC) Halal?
Shariah Screening — 5 Standards
Based on financial data from September 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 5.2% / 30% | 0.6% / 30% | 3.9% / 30% | 0.02% / 5% | ✓ HALAL |
| DJIM | 5.2% / 33% | 0.6% / 33% | 3.9% / 33% | 0.02% / 5% | ✓ HALAL |
| MSCI | 23.4% / 33% | 2.6% / 33% | 17.7% / 33% | 0.02% / 5% | ✓ HALAL |
| S&P | 5.2% / 33% | 0.6% / 33% | 3.9% / 33% | 0.02% / 5% | ✓ HALAL |
| FTSE | 23.4% / 33% | 2.6% / 33% | 17.7% / 50% | 0.02% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 50.8% | |
| Operating Margin | 28.9% | |
| Net Margin | 21.0% | |
| Return on Equity (ROE) | 32.5% | |
| Return on Assets (ROA) | 16.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $13M |
| Free Cash Flow | $7M |
| Total Debt | $24M |
| Debt-to-Equity | 34.2 |
| Current Ratio | 3.0 |
| Total Assets | $103M |
Price & Trading
| Last Close | $22.08 |
| 50-Day MA | $24.02 |
| 200-Day MA | $15.82 |
| Avg Volume | 597K |
| Beta | 0.6 |
|
52-Week Range
$5.30
| |
About INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC)
Innovative Aerosystems, Inc., engages in the engineering, manufacturing, and supply of advanced avionic solutions. The company provides autothrottles; LPV Navigators; standby displays; COM/NAV/surveillance radio management systems; air data solutions; inertial reference systems; utilities management systems; and air data, attitude and heading reference systems. It also offers flat panel display systems, inertial reference systems, integrated global navigation systems, global positioning systems, c-130 engine instrument display systems, liberty flight deck, and communications/navigation products. The company serves business aircrafts, commercial airlines, military, virtual cp-pilots, and turbo prop. The company was formerly known as Innovative Solutions and Support, Inc. and changed its name to Innovative Aerosystems, Inc. in October 2025. Innovative Aerosystems, Inc. was incorporated in 1988 and is based in Exton, Pennsylvania.
Purification Calculator
As a halal stock with 0.02% impermissible income, you need to purify your dividends.
Related Halal Stocks in Industrials
Frequently Asked Questions
Is INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), INNOVATIVE SOLUTIONS & SUPPORT 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 INNOVATIVE SOLUTIONS & SUPPORT INC's debt ratio?
INNOVATIVE SOLUTIONS & SUPPORT INC's debt ratio is 5.2% 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 23.4%.
Does INNOVATIVE SOLUTIONS & SUPPORT INC require dividend purification?
Yes, INNOVATIVE SOLUTIONS & SUPPORT INC has an impermissible income ratio of 0.02%, which means 0.02% 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 INNOVATIVE SOLUTIONS & SUPPORT INC's key financial metrics?
INNOVATIVE SOLUTIONS & SUPPORT INC has a market capitalization of $382M, trailing P/E ratio of 20.3, and revenue of $84M. The company maintains a gross margin of 50.8% and a net margin of 21.0%. Return on equity stands at 32.5%.
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.