Is Enlight Renewable Energy Ltd. (ENLT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 28.8% / 30% | 3.6% / 30% | 0.6% / 30% | 3.98% / 5% | ✓ HALAL |
| DJIM | 28.8% / 33% | 3.6% / 33% | 0.6% / 33% | 3.98% / 5% | ✓ HALAL |
| MSCI | 56.2% / 33% | 7.0% / 33% | 1.3% / 33% | 3.98% / 5% | ✗ NOT HALAL |
| S&P | 28.8% / 33% | 3.6% / 33% | 0.6% / 33% | 3.98% / 5% | ✓ HALAL |
| FTSE | 56.2% / 33% | 7.0% / 33% | 1.3% / 50% | 3.98% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 72.5% | |
| Operating Margin | 43.0% | |
| Net Margin | 27.0% | |
| Return on Equity (ROE) | 9.4% | |
| Return on Assets (ROA) | 2.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $193M |
| Free Cash Flow | $193M |
| Total Debt | $3.1B |
| Debt-to-Equity | 256.7 |
| Current Ratio | 0.7 |
| Total Assets | $5.5B |
Price & Trading
| Last Close | $71.94 |
| 50-Day MA | $66.28 |
| 200-Day MA | $40.69 |
| Avg Volume | 141K |
| Beta | 0.8 |
|
52-Week Range
$14.01
| |
About Enlight Renewable Energy Ltd. (ENLT)
Enlight Renewable Energy Ltd operates a renewable energy platform in Israel, the Middle East, North Africa, Europe, the United States, and internationally. The company develops, finances, constructs, owns, and operates utility-scale renewable energy projects. It develops wind energy and solar energy projects, as well as energy storage projects. The company holds a portfolio of renewable energy projects that consists of approximately 20 GW of multi-technology generation capacity and 35.8 GWh of energy storage capacity. The company was incorporated in 1981 and is headquartered in Rosh HaAyin, Israel. LT
Purification Calculator
As a halal stock with 3.98% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Enlight Renewable Energy Ltd. (ENLT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Enlight Renewable Energy Ltd. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Enlight Renewable Energy Ltd.'s debt ratio?
Enlight Renewable Energy Ltd.'s debt ratio is 28.8% 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 56.2%.
Does Enlight Renewable Energy Ltd. require dividend purification?
Yes, Enlight Renewable Energy Ltd. has an impermissible income ratio of 3.98%, which means 3.98% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Enlight Renewable Energy Ltd.'s key financial metrics?
Enlight Renewable Energy Ltd. has a market capitalization of $9.3B, trailing P/E ratio of 66.0. The company maintains a gross margin of 72.5% and a net margin of 27.0%. Return on equity stands at 9.4%.
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.