AGX

What You Should Know

Argan, Inc. builds power plants and energy infrastructure primarily through its Gemma Power Systems subsidiary, along with industrial and telecom infrastructure services. Building power and industrial infrastructure is a clearly permissible activity with no haram revenue line of its own. Argan is notable for a conservative, cash-rich, essentially debt-free balance sheet, which makes the leverage screen straightforward — total debt / market cap should still be confirmed against the 33% threshold using the latest filings, but it passes comfortably. The main residual item is interest income earned on Argan's sizable cash and short-term investment balance, which should be checked against the 5% threshold and the corresponding portion of returns purified.