Is Boralex Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Boralex Inc (BLX.TO) is currently classified as NOT HALAL as of March 2026. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Boralex Inc a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Boralex Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Boralex Inc?

Muslim investors may consider investing in Boralex Inc if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Boralex Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Boralex Inc by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Boralex Inc updated?

The Shariah compliance status of Boralex Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Boralex Inc become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Boralex Inc?

You can check the latest Shariah compliance status of Boralex Inc on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

BLX.TO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: March 16, 2026

Report Source: 2025 Annual Report

Boralex Inc. Stock Analysis BLX.TO

Canada Utilities Mid Cap Report: 2025 Annual

Boralex, Inc. engages in the development, construction, and operation of renewable energy power facilities. The company is headquartered in Kingsey Falls, Quebec and currently employs 854 full-time employees. The firm is present in Canada, France, United States and United Kingdom and operates renewable energy production technologies in three sectors: wind, solar and hydroelectricity as well as energy storage technologies. The company is an independent producer of onshore wind power in Canada and France. The company also has facilities in United States and development projects in United Kingdom. The company designs, builds and operates wind energy facilities. Once a wind power plant is up and running, the Company monitors each asset’s performance, ensures regular maintenance and works to improve its efficiency on an ongoing basis. The company is also focused on floating solar technology. The company develops and deploys agrivoltaic technology. Its installed capacity is over 3.1 gigawatts (GW). Its pipeline of projects and growth path total over 78 GW in wind, solar and electricity storage projects.

Key Statistics of Boralex Inc (BLX.TO)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

CAD36.81CAD36.87

Today's Open

CAD36.84

Volume

561.10K

P/E Ratio (TTM)

540.49

52 Week Range

CAD23.48CAD36.99

Market Cap

3.78B

Avg. Volume

564.52K

Dividend Yield

1.80%

Financial Metrics & Statements of Boralex Inc (BLX.TO)

FAQ's for Boralex Inc (BLX.TO)

According to Musaffa’s Shariah screening methodology, Boralex Inc (BLX.TO) is currently classified as NOT HALAL as of March 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.