What is ReNew Energy Global Plc's Shariah compliance score?

ReNew Energy Global Plc (RNW) 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 ReNew Energy Global Plc pass AAOIFI screening?

ReNew Energy Global Plc (RNW) 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%. RNW's debt-to-market-cap is 339.6%.

How much purification is needed for ReNew Energy Global Plc?

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 ReNew Energy Global Plc (RNW) using the latest financial data.

Where can I screen ReNew Energy Global Plc for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for ReNew Energy Global Plc (RNW) 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.

RNWNot HalalF

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Compliance Status

Not Halal

Screened on Oct 15, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is ReNew Energy Global Plc (RNW) halal? Not Halal. Based on AAOIFI screening, ReNew Energy Global Plc passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates ReNew Energy Global Plc (RNW) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 15, 2026. Source: https://halalscreener.app/en/stock/RNW

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%.

339.6% 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 RNW

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

RNW: Is ReNew Energy Global Plc Halal?

ReNew Energy Global Plc

NASDAQUtilitiesGB

$6.88

Market Cap: 2.5B

Screened on a market cap of 237.6B

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About ReNew Energy Global Plc

ReNew Energy Global Plc specializes in generating clean, renewable power across India. Its core business segments are wind power and solar power. The company adopts an integrated approach, overseeing the development, construction, ownership, and operation of both large-scale utility wind and solar farms, alongside localized distributed solar projects designed for commercial and industrial clients. Beyond its generation activities, ReNew also provides comprehensive engineering, procurement, and construction (EPC) services, operation and maintenance (O&M), and expert consultancy. It further engages in the sale of renewable energy certificates. As of March 31, 2022, its robust portfolio encompassed 10.69 gigawatts (GW) of diverse energy projects, comprising wind, solar, hydro, firm power, and distributed solar. A significant 7.57 GW of this capacity was fully operational, with an additional 3.12 GW either under construction or firmly committed. Established in 2011, ReNew Energy Global Plc is headquartered in London, United Kingdom.

Sector: Utilities · Industry: Renewable Utilities

Why this does not pass

Interest-bearing debt is 339.6% 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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Institutional-grade Shariah analysis

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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 Aug 2026
Under Review
until the change above
Not Halal
until the change above

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

Fiscal: Q1 2026Data source: FMP

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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$5.18

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Malakoff Corporation Bhd

$0.76

+0.00%

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Frequently Asked Questions

Is ReNew Energy Global Plc (RNW) halal to invest in?

ReNew Energy Global Plc (RNW) 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 ReNew Energy Global Plc get a F compliance rating?

ReNew Energy Global Plc (RNW) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 339.6% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change ReNew Energy Global Plc's Shariah verdict?

ReNew Energy Global Plc'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 ReNew Energy Global Plc re-screened for Shariah compliance?

ReNew Energy Global Plc (RNW) 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.