Solar Foods Oy is a Finnish food technology company on a mission to revolutionise global food production. The company is headquartered in Vantaa, Etela-Suomen and currently employs 56 full-time employees. The company went IPO on 2024-09-10. The firm is engaged in the sustainable protein production, solving the global food production problem by offering a completely new alternative to existing animal and plant proteins. Solar Food's product is the naturally occurring single-cell protein Solein, which can be used as a food raw material with high protein content. The bioprocess takes a single microbe, one of the billion different ones found in nature, and grows it by fermenting it using air and electricity. Solein is a new food that requires regulatory approval before it can be sold and used in foods. Solein got food regulatory approval in Singapore, European Union and in the United Kingdom.
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As of August 2026, Solar Foods Oyj SLRFF is classified as not covered 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 Solar Foods Oyj using these criteria to determine its compliance status.
Muslim investors may consider investing in Solar Foods Oyj 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 Solar Foods Oyj 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 Solar Foods Oyj 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 Solar Foods Oyj 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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