What is Ellomay Capital Ltd.'s Shariah compliance score?

Ellomay Capital Ltd.'s (ELLO) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Ellomay Capital Ltd. pass AAOIFI screening?

Ellomay Capital Ltd. (ELLO) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (ELLO: 221.7%), (3) interest-bearing deposits below 30% (ELLO: 30.7%), and (4) prohibited income below 5% (ELLO: 6.8%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Ellomay Capital Ltd. stock?

Ellomay Capital Ltd. (ELLO) has a non-permissible income ratio of 6.83%. Muslim investors should purify this percentage of any dividends received and capital gains realized from ELLO shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Ellomay Capital Ltd. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Ellomay Capital Ltd. (ELLO) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about ELLO's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Ellomay Capital Ltd. (ELLO) halal? Not Halal. Based on AAOIFI screening, Ellomay Capital Ltd. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

ELLO: Is Ellomay Capital Ltd. Halal?

Not Halal

Ellomay Capital Ltd.

AMEXUtilitiesIL

$20.87

-5.05%

AvoidBorderlineClean

About Ellomay Capital Ltd.

Ellomay Capital Ltd., an enterprise established in 1987 with its main office in Tel Aviv-Yafo, Israel, focuses on the development and operation of renewable and clean energy projects across Israel, Spain, and the Netherlands. The company's current operational assets include a variety of photovoltaic (PV) facilities. In Spain, it manages four PV plants that together generate approximately 7.9 megawatts (MW), alongside a substantial 300 MW peak capacity solar farm in Talaván. Ellomay also operates a 9 MW PV plant located in Israel. Beyond solar power, the company runs an 860 MWp dual-fuel power station situated near Ashkelon, Israel. Further expanding its energy infrastructure, Ellomay Capital has several key projects underway. In Israel, a 156 MW pumped storage hydroelectric power plant is currently under construction at the Manara Cliff. The company is also developing an additional 28 MW PV plant in Talaván, Spain. In the Netherlands, it is establishing two anaerobic digestion plants intended for green gas production, with projected capacities of around 375 Nm3/h in Goor and 475 Nm3/h in Oude-Tonge. The company underwent a name change in April 2008, transitioning from its former identity as NUR Macroprinters Ltd. to Ellomay Capital Ltd.

Sector: Utilities · Industry: Renewable Utilities

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap221.7% / 30.0%

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 18, 2026Fiscal: FY 2025Source: FMP

Financial Overview

Market Cap

287.7M

Price

$20.87

Sector

Utilities

Industry

Renewable Utilities

Halal Alternatives in Utilities

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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PBA Holdings Bhd

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Malakoff Corporation Bhd

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+0.00%

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Frequently Asked Questions

Is Ellomay Capital Ltd. (ELLO) halal to invest in?

Ellomay Capital Ltd. (ELLO) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Ellomay Capital Ltd. get a F compliance rating?

Ellomay Capital Ltd. (ELLO) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 221.7% (limit 30%); interest-bearing deposits of 30.7% (limit 30%); prohibited income of 6.83% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Ellomay Capital Ltd.'s Shariah verdict?

Ellomay Capital Ltd.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Ellomay Capital Ltd. re-screened for Shariah compliance?

Ellomay Capital Ltd. (ELLO) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 18, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.