What is Spruce Power Holding Corporation's Shariah compliance score?

Spruce Power Holding Corporation's (SPRU) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Spruce Power Holding Corporation pass AAOIFI screening?

Spruce Power Holding Corporation (SPRU) 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% (SPRU: 1728.7%), (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 Spruce Power Holding Corporation 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 Spruce Power Holding Corporation (SPRU) using the latest financial data.

Where can I screen Spruce Power Holding Corporation for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Spruce Power Holding Corporation (SPRU) 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 SPRU's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

SPRU: Is Spruce Power Holding Corporation Halal?

Spruce Power Holding Corporation

NYSEEnergyUS

$2.14

+11.46%

Market Cap: 39.3M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Spruce Power Holding Corporation (SPRU) halal? Not Halal. Based on AAOIFI screening, Spruce Power Holding Corporation 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%.

1728.7% of 30.0% limit

What this means for you

Most scholars advise not holding SPRU

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Spruce Power Holding Corporation

XL Fleet Corp. specializes in delivering electrification solutions tailored for commercial vehicle fleets across North America. Their product portfolio features hybrid electric drive systems, which integrate an electric motor positioned on the vehicle's drive shaft, an inverter motor controller, and a lithium-ion battery pack for storing propulsive energy. They also offer plug-in hybrid electric drive systems designed for vehicle integration. Beyond these core systems, the company supplies comprehensive vehicle electrification and infrastructure solutions, including charging stations. Their diverse client base includes major corporate entities from the Fortune 500 list, public utility providers, and numerous municipal organizations. Established in 2009, the firm's primary operations are based in Boston, Massachusetts.

Sector: Energy · Industry: Solar

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 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: Q2 2026Data source: EDGAR

Halal Alternatives in Energy

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Propel Global Bhd

$0.07

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Trive Property Group Bhd

$0.02

+0.00%

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BM Greentech Bhd

$1.66

+0.02%

0193.KLA+

Kinergy Advancement Bhd

$0.43

+0.00%

0215.KLA+

Solarvest Holdings Bhd

$3.03

-0.00%

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EOG Resources, Inc.

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ONEOK, Inc.

Free · No credit card required

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Frequently Asked Questions

Is Spruce Power Holding Corporation (SPRU) halal to invest in?

Spruce Power Holding Corporation (SPRU) 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 Spruce Power Holding Corporation get a F compliance rating?

Spruce Power Holding Corporation (SPRU) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 1728.7% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Spruce Power Holding Corporation's Shariah verdict?

Spruce Power Holding Corporation'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 Spruce Power Holding Corporation re-screened for Shariah compliance?

Spruce Power Holding Corporation (SPRU) 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 26, 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.