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

Borealis Foods Inc.'s (BRLS) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Borealis Foods Inc. pass AAOIFI screening?

Borealis Foods Inc. (BRLS) 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% (BRLS: 100.9%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Borealis Foods Inc. stock?

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 exact 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 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about BRLS's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

BRLS: Is Borealis Foods Inc. Halal?

Borealis Foods Inc.

NASDAQConsumer DefensiveCA

$1.28

-27.27%

Market Cap: 27.5M

Compliance Status

Not Halal

Screened on Aug 27, 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).

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%.

100.9% of 30.0% limit

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

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

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 27, 2026

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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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A1 A.K. Koh Group Berhad

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+0.06%

0378.KLA+

Farmiera Berhad

$0.21

+0.00%

2135.KLA+

Gopeng Berhad

$0.76

-0.03%

7439.KLA+

Teck Guan Perdana Berhad

$1.80

+0.00%

LWAYA+

Lifeway Foods, Inc.

$31.06

+5.72%

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PepsiCo, Inc.

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Free · No credit card required

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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 100.9% (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: Aug 27, 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.