Is Energix - Renewable Energies (ENRG.TA) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. Energix - Renewable Energies (ENRG.TA) does not pass the AAOIFI Shari’ah Standard 21 screen. Interest-bearing debt is 80.3% of the company’s 36-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/2). Last checked 28 September 2026.
Energix - Renewable Energies is not compliant under Halal / Islamic guidelines
AAOIFI Shari’ah Standard 21 Financial Audit
Figures from the latest annual report (the SEC filing or, for European companies, the ESEF annual report, where one exists, checked against Yahoo Finance) and a 36-month average market value.
| Test | Standard Limit | Actual Figure | Status |
|---|---|---|---|
| Main business | — | — | Pass |
| Interest-bearing debt | 30% | 80.30% | Fail |
| Cash and interest-bearing investments | 30% | 10.47% | Pass |
| Prohibited income | 5% | 1.94% | Pass |
| Not just cash and debts | 90% | 7.96% | Pass |
Key Findings & Observations
- Interest-bearing debt is 80.3% of the company’s 36-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/2).Source: AAOIFI Shari'ah Standard 21
Get an email when verdicts change
One email a month. No spam, unsubscribe any time.
Frequently Asked Questions about Energix - Renewable Energies Ltd. (ENRG.TA)
Is Energix - Renewable Energies (ENRG.TA) stock halal?▾
No. Energix - Renewable Energies (ENRG.TA) does not pass the AAOIFI Shari’ah Standard 21 screen. Interest-bearing debt is 80.3% of the company’s 36-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/2). Last checked 28 September 2026.
What is Energix - Renewable Energies's debt ratio under Islamic finance standards?▾
Under AAOIFI Shari’ah Standard 21, interest-bearing debt must stay under 30% of a company's 36-month average market value. Energix - Renewable Energies's ratio is about 80.3%.
How much dividend purification is required for Energix - Renewable Energies (ENRG.TA) stock?▾
Energix - Renewable Energies does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does Energix - Renewable Energies operate in prohibited business activities?▾
AAOIFI Shari’ah Standard 21 excludes companies whose main business is prohibited, such as alcohol, pork, gambling, conventional interest-based finance and adult entertainment. Energix - Renewable Energies's main business is checked against these. For companies that file with the US SEC, revenue by division is also read from the filing, so a division in a prohibited business is counted. Where the check cannot be settled, the result is shown as Needs Review rather than guessed.
Other Halal & Shariah-compliant Utilities Stocks
Explore other screened equities in the Utilities sector.
Track your entire portfolio for Halal / Islamic compliance
Check whether your stocks, ETFs, and 401(k) holdings comply with AAOIFI Shari’ah Standard 21. Save stocks and keep every holding’s verdict in one place.