What is Ormat Technologies, Inc.'s Shariah compliance score?

Ormat Technologies, Inc.'s (ORA) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Ormat Technologies, Inc. pass AAOIFI screening?

Ormat Technologies, Inc. (ORA) 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% (ORA: 45.1%), (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 Ormat Technologies, 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 Ormat Technologies, Inc. (ORA) using the latest financial data.

Where can I screen Ormat Technologies, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Ormat Technologies, Inc. (ORA) 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 ORA's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

ORA: Is Ormat Technologies, Inc. Halal?

Ormat Technologies, Inc.

NYSEUtilitiesUS

$103.04

-1.80%

Market Cap: 6.3B

Compliance Status

Not Halal

Screened on Aug 29, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Ormat Technologies, Inc. (ORA) halal? Not Halal. Based on AAOIFI screening, Ormat Technologies, 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 Ormat Technologies, Inc. (ORA) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Aug 29, 2026. Source: https://halalscreener.app/en/stock/ORA

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%.

45.1% of 30.0% limit

What this means for you

Most scholars advise not holding ORA

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Ormat Technologies, Inc.

Ormat Technologies, Inc. (ORA) is a global enterprise dedicated to geothermal and recovered energy power solutions, with significant operations in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, and various other international locations. The company's operations are divided into three distinct business units: Electricity Generation, Product Manufacturing, and Energy Storage Solutions. The Electricity Generation division handles the full spectrum of power plant development, from designing and constructing to owning and operating facilities that harness geothermal, solar photovoltaic, and recovered energy, subsequently selling the generated power. Through its Product Manufacturing segment, Ormat designs, produces, and distributes specialized equipment for geothermal and recovered energy electricity generation, including remote power units like fossil fuel-powered turbo-generators and heavy-duty direct-current generators. This segment also provides complete engineering, procurement, construction (EPC), and ongoing operation and maintenance (O&M) services for geothermal and recovered energy power plants. Its diverse clientele includes contractors, developers, owners, and operators of geothermal power facilities, as well as industrial entities such as operators of interstate natural gas pipelines, gas processing plants, cement factories, and other energy-intensive industrial processes. The Energy Storage Solutions segment delivers a wide array of services related to energy storage, encompassing the engineering, procurement, construction (EPC), and operational maintenance (O&M) of energy storage units. Ormat Technologies, Inc. was founded in 1965 and is headquartered in Reno, Nevada.

Sector: Utilities · Industry: Renewable Utilities

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 29, 2026

Compliance History

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

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

Fiscal: FY 2025Data source: EDGAR

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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Brite-Tech Bhd

$0.27

+0.02%

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Mega First Corporation Bhd

$2.82

+0.00%

5041.KLA+

PBA Holdings Bhd

$2.16

+0.00%

5209.KLA+

Gas Malaysia Bhd

$4.99

-0.00%

5264.KLA+

Malakoff Corporation Bhd

$0.81

+0.01%

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Frequently Asked Questions

Is Ormat Technologies, Inc. (ORA) halal to invest in?

Ormat Technologies, Inc. (ORA) 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 Ormat Technologies, Inc. get a F compliance rating?

Ormat Technologies, Inc. (ORA) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 45.1% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Ormat Technologies, Inc.'s Shariah verdict?

Ormat Technologies, 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 Ormat Technologies, Inc. re-screened for Shariah compliance?

Ormat Technologies, Inc. (ORA) 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 29, 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.