Compliance Status
Not Halal
Screened on Oct 15, 2026 · AAOIFI Standard 21
Non-Compliant
Is Ballard Power Systems Inc. (BLDP) halal? Not Halal. Based on AAOIFI screening, Ballard Power Systems Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).
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HalalScreener rates Ballard Power Systems Inc. (BLDP) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 15, 2026. Source: https://halalscreener.app/en/stock/BLDP
Business activity
What the company sells is permissible.
Company debt
Well clear of the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
What this means for you
Most scholars advise not holding BLDP
It does not pass AAOIFI Shariah screening.
See halal alternatives from the same sector further down this page
BLDP: Is Ballard Power Systems Inc. Halal?
Ballard Power Systems Inc.
$1.57
Market Cap: 473.3M
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About Ballard Power Systems Inc.
Ballard Power Systems Inc. specializes in the full lifecycle of proton exchange membrane (PEM) fuel cell technology, encompassing research, production, sales, and ongoing support. Their fuel cell offerings cater to various power applications, including heavy-duty transportation sectors like buses, trucks, trains, and marine vessels, as well as solutions for material handling equipment and critical backup power systems. Beyond products, Ballard extends its expertise through technology solutions, providing engineering services, technology transfer, and licensing its extensive intellectual property and core knowledge for diverse PEM fuel cell uses. They also deliver integrated hydrogen fuel cell powertrain and vehicle systems. The company maintains a broad international presence, with operations spanning numerous countries including China, Germany, the United States, the United Kingdom, Canada, Denmark, Norway, Belgium, Japan, France, Spain, Taiwan, Poland, India, Ukraine, and Sweden. A significant strategic partnership exists with Linamar Corporation, focused on jointly developing and marketing fuel cell powertrains and components designed for Class 1 and 2 vehicles across North America and Europe. Established in 1979, Ballard Power Systems Inc. is headquartered in Burnaby, Canada.
Sector: Industrials · Industry: Electrical Equipment & Parts
Why this does not pass
- Interest-bearing deposits are over the 30% limit.
- Income from prohibited sources is over the 5% limit.
Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.
Shariah Compliance Status
See which ratio caused the failure.
See the exact debt ratio, interest income %, and prohibited revenue that caused the failure. Know before you sell or hold.
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The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
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.
Halal Alternatives in Industrials
This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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Frequently Asked Questions
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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.