Is NIO Inc. (NIO) stock halal?

No. NIO Inc. fails Shariah screening — it breaches the AAOIFI financial-ratio limits (see the screen table on this page for the dated figures). Screened alternatives in the same sector are listed in our halal ETF and stock screener guides.

Does NIO Inc. pass the AAOIFI financial ratio screen?

As of 2026-03-31: interest-bearing debt is 17.7% of market cap (limit < 30%) — pass; cash plus interest-bearing securities is 38.2% (limit < 30%) — fail. The impermissible-income ratio (< 5% limit) also passes. Ratios are recomputed as new filings and prices move.

What are halal alternatives to NIO Inc. stock?

You can get similar sector exposure through individually screened stocks (use a halal stock screener to verify current compliance) or through Shariah-screened ETFs such as SPUS or HLAL, which exclude companies that fail the business or ratio screens and handle purification reporting.

Is NIO Stock Halal? NIO Inc. (NIO) does not pass Shariah screening: cash + interest-bearing securities / market cap is 38.2% against the < 30% limit (data as of 2026-03-31). Screened alternatives exist in the same sector — see the halal stock screeners and ETF guides below. Reviewed 2026-06-14. Published by HalalWallet.

Is NIO Stock Halal?

Q: Is NIO Stock Halal?

Not Halal: NIO Inc. (NIO) does not pass Shariah screening: cash + interest-bearing securities / market cap is 38.2% against the < 30% limit (data as of 2026-03-31). Screened alternatives exist in the same sector — see the halal stock screeners and ETF guides below. (Financial data as of 2026-03-31; basis: AAOIFI Shariah standards.)

Q: What are halal alternatives to NIO Inc. stock?

You can get similar sector exposure through individually screened stocks (use a halal stock screener to verify current compliance) or through Shariah-screened ETFs such as SPUS or HLAL, which exclude companies that fail the business or ratio screens and handle purification reporting.

NIO Inc. · NIO · NYSE

Not HalalNot permissible

NIO Inc. (NIO) does not pass Shariah screening: cash + interest-bearing securities / market cap is 38.2% against the < 30% limit (data as of 2026-03-31). Screened alternatives exist in the same sector — see the halal stock screeners and ETF guides below.

Financial data as of 2026-03-31 · Screening basis: AAOIFI · Last reviewed 2026-06-14

Business Activity Screen

Pass· impermissible revenue ≈ 0.9% (AAOIFI limit < 5%)

NIO Inc., a company based in Shanghai, China, specializes in the design, development, production, and sale of intelligent electric vehicles. Their product range includes five and six-seater electric SUVs, alongside smart electric sedans. Beyond manufacturing vehicles, NIO offers an extensive ecosystem of power solutions. These encompass home charging options (Power Home), an innovative battery swapping service (Power Swap), various public charging infrastructure like Power Charger and Destinatio

Industry: Auto - Manufacturers · Sector: Consumer Cyclical. Verify revenue segments in the latest 10-K for impermissible lines.

Financial Ratio Screen

Screen	Value	AAOIFI limit	Result
Interest-bearing debt / market cap	17.7%	< 30%	Pass
Cash + interest-bearing securities / market cap	38.2%	< 30%	Fail
Impermissible income / total revenueInterest income only — verify other impermissible revenue lines in the 10-K	0.9%	< 5%	Pass

Spot market cap at research date (consider trailing average for borderline names). Data as of 2026-03-31 · thresholds per AAOIFI Shariah standards.

This verdict uses the AAOIFI standard — the most widely used and, at a 30% debt limit, the most conservative mainstream Shariah standard. Interest-bearing debt and interest-bearing securities each stay under 30% of market cap, and impermissible income under 5% of revenue. Other standards (Dow Jones Islamic, S&P Shariah, MSCI Islamic, FTSE Yasaar) use ~33% limits or screen against total assets, so a borderline company can be rated differently by each. How we screen & why screeners disagree →

How NIO screens across Shariah standards

The standards disagree on this company. It passes some Shariah screens and fails others — which is exactly why you may see a different answer in different apps. Our headline verdict uses AAOIFI, the strictest and most widely cited mainstream standard.

Standard	Debt	Cash & interest securities	Limit / basis	Result
AAOIFI (our standard)	17.7%	38.2%	< 30% of market cap	Fail
Dow Jones Islamic / S&P Shariah thresholdDow Jones and S&P apply this limit against a trailing 24–36-month average market cap; shown here on the same point-in-time market cap for comparison.	17.7%	38.2%	< 33% of market cap	Fail
MSCI Islamic / FTSE Yasaar basisTotal-assets denominator. MSCI/FTSE also apply entry/exit buffers and a receivables screen we do not reproduce.	11.6%	25.2%	< 33.33% of total assets	Pass

HalalWallet computation reproducing each standard's threshold and denominator from public filings (balance sheet as of 2026-03-31) — not the providers' licensed index determinations, which can differ. Debt is interest-bearing borrowings (operating leases excluded). The impermissible-income screen (< 5% of revenue) is common to all of these standards and is shown in the ratio table above. Dow Jones and S&P apply their limit against a trailing 24–36-month average market cap; MSCI and FTSE add entry/exit buffers and a receivables screen. Full methodology →

These companies pass under some mainstream standards and fail under others — the same pattern as this verdict. That is why two apps can show different answers.

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