Yes. As of October 2026, ReNewCell AB (RENEW.ST) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ReNewCell AB passes Musaffa's business and financial screening criteria.
Re:NewCell AB engages in the provision of an alternative raw material for textile production. The company is headquartered in Stockholm, Stockholm and currently employs 123 full-time employees. The company went IPO on 2020-11-26. Renewcell provides an alternative raw material for textile production that replaces resource-intensive material such as cotton, or petroleum-based material such as polyester. The Company’s patented process recycles the cellulose in used cotton textiles and makes sheets of pure, natural and biodegradable dissolving pulp, which is then used as a raw material for manufacturing textile fibres such as lyocell and viscose. Renewcell’s dissolving pulp is sold to fibre producers under the trademark Circulose. Circulose pulp can be used in several industrial applications. The company serves primarily textile production in the garment industry, where demand for sustainable material is high.
ReNewCell AB RENEW.ST
SEK5.30 SEK0.35 (6.11%) 1D
Last Updated: Feb 23, 12:00 AM·LSE
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RENEW.ST Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, ReNewCell AB is classified as halal.
HALAL
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FAQ's for ReNewCell AB (RENEW.ST)
As of October 2026, ReNewCell AB RENEW.ST is classified as halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes ReNewCell AB using these criteria to determine its compliance status.
Muslim investors may consider investing in ReNewCell AB if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of ReNewCell AB by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of ReNewCell AB may be updated periodically when new financial statements, earnings reports, or business activity information become available.
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.
You can check the latest Shariah compliance status of ReNewCell AB on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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