Is POWERBANK Corp (SUUN) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 23.2% / 30% | 19.7% / 30% | 5.7% / 30% | N/A | ✓ HALAL |
| DJIM | 23.2% / 33% | 19.7% / 33% | 5.7% / 33% | N/A | ✓ HALAL |
| MSCI | 18.6% / 33% | 15.8% / 33% | 4.5% / 33% | N/A | ✓ HALAL |
| S&P | 23.2% / 33% | 19.7% / 33% | 5.7% / 33% | N/A | ✓ HALAL |
| FTSE | 18.6% / 33% | 15.8% / 33% | 4.5% / 50% | N/A | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 25.6% | |
| Operating Margin | -291.3% | |
| Net Margin | -21.9% | |
| Return on Equity (ROE) | -22.0% | |
| Return on Assets (ROA) | -5.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $8M |
| Free Cash Flow | $753,000 |
| Total Debt | $7M |
| Debt-to-Equity | 288.5 |
| Current Ratio | 1.1 |
| Total Assets | $39M |
Price & Trading
| Last Close | $0.60 |
| 50-Day MA | $1.09 |
| 200-Day MA | $1.53 |
| Avg Volume | 1.9M |
| Beta | -0.8 |
|
52-Week Range
$0.54
| |
About POWERBANK Corp (SUUN)
PowerBank Corporation operates as an independent renewable and clean energy project developer, power producer, and asset operator in Canada and the United States. The company operates through Development & EPC, IPP Production and Other segments. It focuses on solar photovoltaic power generation projects, battery energy storage systems, and EV-charging projects, grid connected solar PV electricity power plants and battery energy storage system. The company provides expertise in the areas of site origination, utility grid interconnection, permitting, financing, engineering, procurement and construction, operation and maintenance, independent power producer facilities, and asset management of solar photovoltaic power plants to the renewable and clean energy industry. In addition, it develops solar projects that sells electricity to commercial, industrial, municipal, residential, and utility off-takers sectors. The company was formerly known as SolarBank Corporation and changed its name to PowerBank Corporation in July 2025. PowerBank Corporation was incorporated in 2013 and is headquartered in Toronto, Canada.
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Frequently Asked Questions
Is POWERBANK Corp (SUUN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), POWERBANK Corp 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 POWERBANK Corp's debt ratio?
POWERBANK Corp's debt ratio is 23.2% 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 18.6%.
What are POWERBANK Corp's key financial metrics?
POWERBANK Corp has a market capitalization of $26M. The company maintains a gross margin of 25.6% and a net margin of -21.9%. Return on equity stands at -22.0%.
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.