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

ReNew Energy Global Plc's (RNW) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does ReNew Energy Global Plc pass AAOIFI screening?

ReNew Energy Global Plc (RNW) 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% (RNW: 33431.9%), (3) interest-bearing deposits below 30% (RNW: 3292.5%), and (4) prohibited income below 5% (RNW: 3.8%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for ReNew Energy Global Plc stock?

ReNew Energy Global Plc (RNW) has a non-permissible income ratio of 3.84%. Muslim investors should purify this percentage of any dividends received and capital gains realized from RNW shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation 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 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about RNW's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

RNW: Is ReNew Energy Global Plc Halal?

ReNew Energy Global Plc

NASDAQUtilitiesGB

$6.29

+1.62%

Market Cap: 2.3B

Compliance Status

Not Halal

Screened on Jul 20, 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).

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%.

33431.9% of 30.0% limit

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

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

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 20, 2026

Compliance History

Not Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 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:

0011.KLA+

Brite-Tech Bhd

$0.25

-0.02%

3069.KLA+

Mega First Corporation Bhd

$2.89

+0.00%

5041.KLA+

PBA Holdings Bhd

$2.01

-0.01%

5209.KLA+

Gas Malaysia Bhd

$5.13

-0.01%

5264.KLA+

Malakoff Corporation Bhd

$0.79

+0.00%

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NextEra Energy, Inc.

The Southern Company

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Duke Energy Corporation

AEP

American Electric Power Company, Inc.

SRE

Sempra

B+

Dominion Energy, Inc.

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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 33431.9% (limit 30%); interest-bearing deposits of 3292.5% (limit 30%); prohibited income of 3.84% (limit 5%). 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: Jul 20, 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.