BioEnergy Development Inc

CNER

Not Compliant
Exchange
Sector
Headquarters
Group
OTCM
Utilities
USA
Micro Cap

BioEnergy Development Inc is not Shariah Compliant because it fails the financial ratios.

6.85%

Impure Income*

$0.000

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Micro Cap
$0.00
0.00%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
0.00%
0.00%
0.00
0.00
0.00%

Shariah Compliance

  • Updated on April 29, 2026
Debt
5.8%
✓
Non-Compliant Assets
2.11%
✓
Impure Income
6.85%
✗

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
4.36%
✓
Impure Income
6.85%
✗

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
5.59%
✓
Impure Income
6.85%
✗

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
7.5%
✓
Cash
3.75%
✓
Cash & AR
9.96%
✓
Impure Income
6.85%
✗

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
7.5%
✓
Cash
3.75%
✓
Cash & AR
9.96%
✓
Impure Income
6.85%
✗

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
6.85%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

BioEnergy Development Inc., doing business as Syngas BioEnergy Corporation, is an energy company that builds and operates micro-energy grids for farmers. The Company is focused on converting biowaste into energy, addressing both the environmental crisis due to cattle farming and energy shortages in high-demand locations. It focuses on finance and scale solutions that convert organic waste into renewable energy, carbon-negative byproducts, and sustainable agricultural inputs. It partners with entities to commercialize decentralized, on-site energy systems that meet the need for power. Its focus is on deploying modular bioreactor technology to convert manure, crop residue, and forestry waste into syngas, biochar, and nutrient-rich outputs. These containerized systems are prebuilt, portable, and scalable, designed for rapid installation directly at the waste source. Each reactor powers industrial agriculture with up to 36 MWh per day of clean thermal energy.

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