BEP
Brookfield Renewable Partners L.P.
Is BEP Halal?
Renewable power operator with a quantitative debt-screen failure and partnership structures requiring continuing qualitative review.
What You Should Know
Brookfield Renewable's 2025 Form 20-F reports USD 98,701 million of assets, USD 34,892 million of tracked borrowings, USD 2,093 million of cash, USD 4,752 million of identifiable financial instruments, USD 920 million of trade receivables and USD 6,407 million of revenue. Debt/assets is 35.35%, liquidity/assets is 6.93% and receivables-plus-cash/assets is 3.05%; the examined asset-based financial screens fail on debt. Hydro, wind, solar and storage are generally permissible, while nuclear services, natural gas, derivatives and partnership financing remain qualitative review items.
⚠️ Concerns
- •Debt/assets is 35.35%, above the examined limits
- •Westinghouse nuclear services and technology
- •Natural-gas and other thermal-generation exposure
- •Derivative and partnership financing structures
- •The result is a current ZakatInvest calculation, not an official index classification
Current quantitative Sharia screen
Based on 20-F figures for the period ended 2025-12-31; calculated 2026-07-15.
34,892 / 98,701
6,845 / 98,701
3,013 / 98,701
- Financial
- Fails
- Overall
- Fails
Debt/assets is 35.35%, above the examined 33.333% limit; liquidity/assets is 6.93% and receivables-plus-cash/assets is 3.05%.
- Financial
- Fails
- Overall
- Fails
Tracked debt/assets is 35.35%, above the examined MSCI total-assets limit; financial instruments and renewable-power activity remain qualitative review items.
- Financial
- Fails
- Overall
- Fails
Tracked debt/assets is 35.35%, above the examined ratio; this is a ZakatInvest calculation, not an official SAC classification.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored; filing-based asset ratios are documented.
Business-activity disclosure
Brookfield Renewable operates hydroelectric, wind, solar and storage assets. Renewable power is generally permissible, while Westinghouse nuclear services, natural-gas exposure, energy trading, derivatives and partnership financing require school-specific review.
Limitation: The filing does not allocate revenue into a universal prohibited-activity numerator across power contracts, nuclear services, gas assets and financial instruments.
Purification
The filing does not provide a school-neutral prohibited-income numerator; finance expense is not treated as prohibited revenue.
Inputs, assumptions and primary sources
- Amounts are USD millions from Brookfield Renewable's 2025 Form 20-F.
- Current and non-current corporate and non-recourse borrowings total USD 34,892 million; lease liabilities are excluded.
- Cash is USD 2,093 million. Current and non-current financial instrument assets total USD 4,752 million and are used as a conservative identifiable-securities proxy.
- Trade receivables are USD 920 million; total revenue is USD 6,407 million. No school-neutral prohibited-income numerator is disclosed.
- The partnership operates hydro, wind, solar and storage assets, but nuclear services, natural-gas exposure, derivatives and partnership financing require qualitative review.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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