Is Enovix Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Enovix Corp (ENVX) is currently classified as NOT HALAL as of February 2026. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Enovix Corp a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Enovix Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Enovix Corp?

Muslim investors may consider investing in Enovix Corp if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Enovix Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Enovix Corp by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Enovix Corp updated?

The Shariah compliance status of Enovix Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Enovix Corp become non-compliant?

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.

Where can I check the Shariah status of Enovix Corp?

You can check the latest Shariah compliance status of Enovix Corp on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

ENVX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 27, 2026

Report Source: 2025 Annual Report

Enovix Corp. Stock Analysis ENVX

United States Industrials Small Cap Report: 2025 Annual

Enovix Corp. engages in the design and development of silicon-anode lithium-ion batteries. The company is headquartered in Fremont, California and currently employs 664 full-time employees. The company went IPO on 2020-12-04. The firm designs, develops, manufactures, and commercializes lithium-ion (Li-ion) battery cells that increase the amount of energy density and storage capacity relative to conventional battery cells. In addition to designing its batteries, it also develops the advanced manufacturing processes needed to produce its batteries in high volume. The company targets a smaller group of large customers that require custom cells. Its technology roadmap is built around a structured progression of battery nodes, with each new generation, such as the EX-1M, EX-2M, EX-3M and so on. The Company, through Routejade, Inc. (Routejade), supplies batteries for wearables, medical devices, headsets, activity trackers, and industrial equipment. Routejade offers product categories, including PD series, FLPB and ASDB series, and SLPB series. The PD series consists of rechargeable coin cells commonly used in healthcare and IoT applications.

Key Statistics of Enovix Corp (ENVX)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$5.95$6.28

Today's Open

$6.10

Volume

7.77M

P/E Ratio (TTM)

52 Week Range

$4.62$16.49

Market Cap

1.49B

Avg. Volume

6.52M

Dividend Yield

Financial Metrics & Statements of Enovix Corp (ENVX)

FAQ's for Enovix Corp (ENVX)

According to Musaffa’s Shariah screening methodology, Enovix Corp (ENVX) is currently classified as NOT HALAL as of February 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.