Altair Engineering Inc ALTR
$111.85 $0.16 (0.14%) 1D
Last Updated: Mar 25, 12:00 AM·BE
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Is Altair Engineering Inc Stock Halal?
Shariah Compliance Analysis of ALTR Stock
Germany Information Technology Mid Cap No. As of September 2026, Altair Engineering Inc (ALTR) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Altair Engineering Inc does not pass Musaffa's business and financial screening criteria.
Altair Engineering, Inc. engages in the provision of software and cloud solutions for product design & development, high performance cloud computing, and data intelligence. The company is headquartered in Troy, Michigan and currently employs 3,300 full-time employees. The company went IPO on 2017-11-01. The company provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics and artificial intelligence (AI). The company operates through two segments: Software and Client Engineering Services. Software segment includes software, software services, and software-related services. The software component of this segment includes its portfolio of software products, including its solvers and optimization technology products, HPC software applications and hardware products, modeling and visualization tools, data analytics and analysis products. Client Engineering Services segment provides client engineering services to support its customers with long-term, ongoing expertise. Its solution, FlightStream, provides computational fluid dynamics (CFD) software with a footprint in the aerospace and defense sectors. The company also offers strategic consulting and training in AI and data analytics.
ALTR Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Altair Engineering Inc is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Altair Engineering Inc (ALTR) Chart
Financial Metrics & Statements of Altair Engineering Inc (ALTR)
FAQ's for Altair Engineering Inc (ALTR)
- As of September 2026, Altair Engineering Inc ALTR is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Altair Engineering Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Altair Engineering Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Altair Engineering Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Altair Engineering Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Altair Engineering Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Altair Engineering Inc (ALTR)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
