What is Borealis Foods Inc.'s Shariah compliance score?

Borealis Foods Inc. (BRLS) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Borealis Foods Inc. pass AAOIFI screening?

Borealis Foods Inc. (BRLS) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. BRLS's debt-to-market-cap is 127.1%.

How much purification is needed for Borealis Foods Inc.?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the percentage and amount for Borealis Foods Inc. (BRLS) using the latest financial data.

Where can I screen Borealis Foods Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Borealis Foods Inc. (BRLS) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

BRLSNot HalalF

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Compliance Status

Not Halal

Screened on Oct 11, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

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

Quote this verdict

HalalScreener rates Borealis Foods Inc. (BRLS) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 11, 2026. Source: https://halalscreener.app/en/stock/BRLS

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

127.1% of 30.0% limit

PRO DETAIL

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.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding BRLS

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

BRLS: Is Borealis Foods Inc. Halal?

Borealis Foods Inc.

NASDAQConsumer DefensiveCA

$0.96

-0.05%

Market Cap: 20.6M

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About Borealis Foods Inc.

Borealis Foods Inc. is an enterprise focused on the distribution of food products that are rich in plant-derived protein. The company's offerings feature Chef Woo, a meat alternative with a high protein content, and Ramen Express, which provides vegetarian ramen noodle selections. Established in 2020, Borealis Foods Inc. conducts its operations from its headquarters in Oakville, Canada.

Sector: Consumer Defensive · Industry: Packaged Foods

Why this does not pass

Interest-bearing debt is 127.1% of market cap, over the 30% AAOIFI 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

AAOIFI Standard 21Updated Oct 11, 2026

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Institutional-grade Shariah analysis

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See why BRLS is rated Not Halal with institutional-grade analysis

PRO DETAIL

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.

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Screened according to AAOIFI Standard 21

Compliance History

Not Halalnow
since Oct 2026
Doubtful
until the change above
Not Halal
until the change above

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

Fiscal: Q1 2026Data source: EDGAR

Halal Alternatives in Consumer Defensive

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

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+0.00%

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Teck Guan Perdana Berhad

$1.91

-0.02%

JBSSA+

John B. Sanfilippo & Son, Inc.

$67.00

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Frequently Asked Questions

Is Borealis Foods Inc. (BRLS) halal to invest in?

Borealis Foods Inc. (BRLS) 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 Borealis Foods Inc. get a F compliance rating?

Borealis Foods Inc. (BRLS) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 127.1% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Borealis Foods Inc.'s Shariah verdict?

Borealis Foods Inc.'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 Borealis Foods Inc. re-screened for Shariah compliance?

Borealis Foods Inc. (BRLS) 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: Oct 11, 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.