Brenmiller Energy Ltd

BNRG

Not Compliant
Exchange
Sector
Headquarters
Group
NASDAQ
Energy
Israel
Micro Cap

Brenmiller Energy Ltd is not Shariah Compliant because it fails the financial ratios.

6.52%

Impure Income*

$0.109

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%
1.69
2.25
0.00%

Shariah Compliance

Debt
100%
Non-Compliant Assets
Impure Income
6.52%

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
59.42%
Impure Income
6.52%

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
88%
Impure Income
6.52%

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
56.04%
Cash
22.77%
Cash & AR
30.89%
Impure Income
6.52%

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
56.04%
Cash
22.77%
Cash & AR
30.89%
Impure Income
6.52%

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
6.52%

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

Brenmiller Energy Ltd is an Israel-based company, which provides sustainable thermal energy storage solutions. The Company’s technology bGen is a patented high-temperature thermal energy storage unit stored in solid state material enables the storage of energy generated from different renewable sources: electrical, such as photovoltaic, wind, or grid at off-peak; Thermal sources such as biomass, flue-gas, and deliver steam or hot air on demand. The Company has developed a number of products on the basis of its bGen technology, which it markets to players in the field of power plants and industry, and commercial facilities which consume thermal energy in significant quantities for the purpose of their activity to reduction emission.

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