Is Ballard Power Systems Inc. (BLDP) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 4.0% / 30% | 100.3% / 30% | 5.3% / 30% | 240.57% / 5% | ✗ NOT HALAL |
| DJIM | 4.0% / 33% | 100.3% / 33% | 5.3% / 33% | 240.57% / 5% | ✗ NOT HALAL |
| MSCI | 3.1% / 33% | 78.0% / 33% | 4.1% / 33% | 240.57% / 5% | ✗ NOT HALAL |
| S&P | 4.0% / 33% | 100.3% / 33% | 5.3% / 33% | 240.57% / 5% | ✗ NOT HALAL |
| FTSE | 3.1% / 33% | 78.0% / 33% | 4.1% / 50% | 240.57% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 5.5% | |
| Operating Margin | -103.9% | |
| Net Margin | -91.5% | |
| Return on Equity (ROE) | -14.4% | |
| Return on Assets (ROA) | -6.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$56M |
| Free Cash Flow | -$66M |
| Total Debt | $22M |
| Debt-to-Equity | 3.8 |
| Current Ratio | 9.9 |
| Total Assets | $682M |
Price & Trading
| Last Close | $2.45 |
| 50-Day MA | $2.32 |
| 200-Day MA | $2.45 |
| Avg Volume | 3.2M |
| Beta | 1.7 |
|
52-Week Range
$1.00
| |
About Ballard Power Systems Inc. (BLDP)
Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers products for various applications focusing on power products for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications. It also engages in the delivery of services, including technology solutions, after sales services, and training, as well as offers engineering and technology transfer services. The company operates in the United States, Poland, Canada, Germany, the United Kingdom, Egypt, Spain, China, the Netherlands, Denmark, France, and internationally. Ballard Power Systems Inc. was founded in 1979 and is headquartered in Burnaby, Canada.
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Frequently Asked Questions
Is Ballard Power Systems Inc. (BLDP) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Ballard Power Systems Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Ballard Power Systems Inc.'s debt ratio?
Ballard Power Systems Inc.'s debt ratio is 4.0% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 3.1%.
What are Ballard Power Systems Inc.'s key financial metrics?
Ballard Power Systems Inc. has a market capitalization of $718M, and revenue of $99M. The company maintains a gross margin of 5.5% and a net margin of -91.5%. Return on equity stands at -14.4%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.