Is Renew Energy Global PLC halal to invest in?

According to Musaffa's Shariah screening methodology, Renew Energy Global PLC (RNW) is currently classified as NOT HALAL as of April 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 Renew Energy Global PLC 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 Renew Energy Global PLC using these criteria to determine its compliance status.

Can Muslims buy shares of Renew Energy Global PLC?

Muslim investors may consider investing in Renew Energy Global PLC 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 Renew Energy Global PLC classified as NOT HALAL?

Musaffa determines the Shariah status of Renew Energy Global PLC 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 Renew Energy Global PLC updated?

The Shariah compliance status of Renew Energy Global PLC may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Renew Energy Global PLC 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 Renew Energy Global PLC?

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

RNW Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 16, 2026

Report Source: 2026 3rd Quarter Report

Renew Energy Global PLC. Stock Analysis RNW

United States Utilities Small Cap Report: Q3, 2026

ReNew Energy Global Plc is a decarbonization solutions company, which engages in the research and development of renewable energy sources. The firm is a utility-scale renewable energy solutions provider in India. Its segments include wind power, solar power, hydro power, transmission line, and manufacturing. Its wind power segment includes utility-scale wind energy projects in India. Its solar power segment includes utility-scale solar energy projects in India. Its hydro power segment includes hydro energy projects in India. Its transmission line segment includes construction and maintenance of transmission lines. Its manufacturing segment includes manufacturing of solar panels and modules. The company primarily operates wind, solar, and hydro energy projects. The company provides clean energy solutions and value-added energy offerings through digitalization, storage, and carbon market services. The company conducts business activities relating to the generation of power through non-conventional and renewable energy sources through ReNew Power Private Limited and its subsidiaries.

Key Statistics of Renew Energy Global PLC (RNW)

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

Today's Range

$5.33$5.46

Today's Open

$5.46

Volume

957.24K

P/E Ratio (TTM)

49.72

52 Week Range

$4.39$8.24

Market Cap

1.95B

Avg. Volume

783.63K

Dividend Yield

Financial Metrics & Statements of Renew Energy Global PLC (RNW)

FAQ's for Renew Energy Global PLC (RNW)

According to Musaffa’s Shariah screening methodology, Renew Energy Global PLC (RNW) is currently classified as NOT HALAL as of April 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.