BWNot HalalF
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Compliance Status

Not Halal

Screened on Oct 15, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Babcock & Wilcox Enterprises, Inc. (BW) halal? Not Halal. Based on AAOIFI screening, Babcock & Wilcox Enterprises, 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 Babcock & Wilcox Enterprises, Inc. (BW) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 15, 2026. Source: https://halalscreener.app/en/stock/BW

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%.

44.1% of 30.0% limit
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The verdict above is final and free.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding BW

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Babcock & Wilcox Enterprises, Inc.

BW: Is Babcock & Wilcox Enterprises, Inc. Halal?

Babcock & Wilcox Enterprises, Inc.

NYSEIndustrialsUS

$4.62

Market Cap: 688.2M

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About Babcock & Wilcox Enterprises, Inc.

Babcock & Wilcox Enterprises, Inc., known as BW, operates globally to deliver specialized solutions for energy generation and environmental emissions management through its subsidiaries. The company serves a wide array of international clients, including industrial facilities, electric power utilities, municipal organizations, and other commercial enterprises. Its operations are structured into three distinct divisions: Babcock & Wilcox Renewable, Babcock & Wilcox Environmental, and Babcock & Wilcox Thermal. The Babcock & Wilcox Renewable segment concentrates on sustainable energy technologies. This encompasses systems for converting waste into energy, the construction and setup of solar projects, and the development of biomass energy solutions. It also supplies crucial black liquor systems for the pulp and paper industry. This division aims to provide advanced technologies that reroute waste from landfills for electricity production, replace fossil fuels with cleaner options, enable metal recovery, and significantly lower emissions. Secondly, the Babcock & Wilcox Environmental segment offers an extensive suite of cutting-edge technologies designed for pollution control and environmental safeguarding. These solutions cater to diverse applications, including power utilities, waste-to-energy plants, biomass operations, carbon black manufacturing, and industrial steam generation. Its comprehensive portfolio features systems for thermal cooling, ash handling, controlling fine particulate matter, mitigating nitrogen and sulfur oxide pollutants, utilizing chemical looping for carbon capture, and managing mercury discharges. Finally, the Babcock & Wilcox Thermal segment is dedicated to equipment and services related to steam generation. It furnishes steam-generating apparatus, replacement components for existing systems, and provides comprehensive construction, upkeep, and on-site support services for facilities within the power generation, oil and gas, and general industrial sectors. This division boasts a significant installed base of equipment that supports both public utilities and a broad spectrum of industrial applications, such as refining, petrochemical production, food processing, and metallurgy. Established in 1867, Babcock & Wilcox Enterprises, Inc. maintains its primary corporate offices in Akron, Ohio.

Sector: Industrials · Industry: Industrial - Machinery

Why this does not pass

  • Interest-bearing debt is 44.1% of market cap, over the 30% AAOIFI limit.
  • Interest-bearing deposits are over the 30% 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 15, 2026

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The verdict above is final and free.

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Screened according to AAOIFI Standard 21

Compliance History

  1. Not Halalnow

    since Aug 2026

  2. Doubtful

    until the change above

  3. Halal

    until the change above

  4. Doubtful

    until the change above

  5. Not Halal

    until the change above

  6. Doubtful

    until the change above

  7. Halal

    until the change above

  8. Not Halal

    until the change above

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

Fiscal: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is Babcock & Wilcox Enterprises, Inc. (BW) halal to invest in?
Babcock & Wilcox Enterprises, Inc. (BW) 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 Babcock & Wilcox Enterprises, Inc. get a F compliance rating?
Babcock & Wilcox Enterprises, Inc. (BW) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 44.1% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Babcock & Wilcox Enterprises, Inc.'s Shariah verdict?
Babcock & Wilcox Enterprises, 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 Babcock & Wilcox Enterprises, Inc. re-screened for Shariah compliance?
Babcock & Wilcox Enterprises, Inc. (BW) 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 15, 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.