What is ReNew Energy Global Plc's Shariah compliance score?

ReNew Energy Global Plc's (RNW) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does ReNew Energy Global Plc pass AAOIFI screening?

ReNew Energy Global Plc (RNW) 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% (RNW: 33972.0%), (3) interest-bearing deposits below 30% (RNW: 3345.7%), and (4) prohibited income below 5% (RNW: 3.8%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for ReNew Energy Global Plc stock?

ReNew Energy Global Plc (RNW) has a non-permissible income ratio of 3.84%. Muslim investors should purify this percentage of any dividends received and capital gains realized from RNW 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 ReNew Energy Global Plc for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for ReNew Energy Global Plc (RNW) 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 RNW's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is ReNew Energy Global Plc (RNW) halal? Not Halal. Based on AAOIFI screening, ReNew Energy Global Plc passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

RNW: Is ReNew Energy Global Plc Halal?

Not Halal

ReNew Energy Global Plc

NASDAQUtilitiesGB

$6.38

-2.15%

AvoidBorderlineClean

About ReNew Energy Global Plc

ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through Wind Power and Solar Power segments. It develops, builds, owns, and operates utility scale wind and solar energy projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers. The company also provides engineering, procurement, and construction services; operation and maintenance services; consultancy services; and sells renewable energy certificates. As of March 31, 2022, its portfolio consisted of 10.69 GW of wind and solar energy projects, hydro, firm power projects, and distributed solar energy projects, of which 7.57 GW projects were commissioned and 3.12 GW were committed. ReNew Energy Global Plc was founded in 2011 and is based in London, the United Kingdom.

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 Cap33972.0% / 30.0%

Compliance History

Not Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

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

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

Financial Overview

Market Cap

2.3B

Price

$6.38

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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Mega First Corporation Bhd

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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 ReNew Energy Global Plc (RNW) halal to invest in?

ReNew Energy Global Plc (RNW) 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 ReNew Energy Global Plc get a F compliance rating?

ReNew Energy Global Plc (RNW) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 33972.0% (limit 30%); interest-bearing deposits of 3345.7% (limit 30%); prohibited income of 3.84% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change ReNew Energy Global Plc's Shariah verdict?

ReNew Energy Global Plc'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 ReNew Energy Global Plc re-screened for Shariah compliance?

ReNew Energy Global Plc (RNW) 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.