Ellomay Capital Ltd

ELLO

Not Compliant
Exchange
Sector
Headquarters
Group
NYSE MKT
Utilities
Israel
Micro Cap

Ellomay Capital Ltd is not Shariah Compliant because it fails the financial ratios.

6.64%

Impure Income*

$0.047

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Micro Cap
0
$0.00
0
-2.20%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
3.55%
-14.90%
1.23
1.24
0.00%

Shariah Compliance

  • Updated on July 21, 2026
Debt
100%
✗
Non-Compliant Assets
7.49%
✓
Impure Income
6.64%
✗

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
100%
✗
Impure Income
6.64%
✗

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
100%
✗
Impure Income
6.64%
✗

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
76.83%
✗
Cash
11.63%
✓
Cash & AR
12.58%
✓
Impure Income
6.64%
✗

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
76.83%
✗
Cash
11.63%
✓
Cash & AR
12.58%
✓
Impure Income
6.64%
✗

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
6.64%

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

Ellomay Capital Ltd is an Israel-based company principally active in the field of production of renewable and clean energy. The Company owns photovoltaic (PV) plants that are operating and connected to their respective national grids in Spain and Israel. In addition, the Company holds shares in Dorad Energy Ltd, which operates a power plant in the vicinity of Ashkelon; Groen Gas Goor BV and Groen Gas Oude-Tonge BV, project companies developing anaerobic digestion plants with green gas production in the Netherlands; Talasol Solar SL, which is involved in a project to construct a photovoltaic plant in Spain; Chashgal Elyon Ltd, Agira Sheuva Electra LP, and Ellomay Pumped Storage (2014) Ltd, all of which are involved in a project to construct a pumped-storage hydropower plant at the Manara Cliff in Israel.