BLNK
Blink Charging Co.
Is BLNK Halal?
EV-charging infrastructure provider with methodology-dependent financial results and an incomplete activity screen.
What You Should Know
Blink Charging's March 31, 2026 Form 10-Q reports USD 133.164 million of assets, USD 0.360 million of tracked debt, USD 37.991 million of cash, USD 19.113 million of receivables and USD 20.779 million of quarterly revenue. Debt/assets is 0.27%, liquidity/assets is 28.53% and receivables-plus-cash/assets is 42.86%; the examined FTSE and Malaysia-style known ratios pass, while the examined MSCI receivables-plus-cash limit fails. EV charging is generally permissible, but car-sharing, financing/leases and customer end-use mix remain qualitative.
⚠️ Concerns
- •MSCI-style receivables-plus-cash/assets is 42.86%
- •Car-sharing and mobility-service revenue
- •Financing and lease structures
- •Pre-profit operating profile and customer concentration
- •The result is a current ZakatInvest calculation, not an official index classification
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
0.36 / 133.164
37.991 / 133.164
57.104 / 133.164
- Financial
- Incomplete
- Overall
- Incomplete
Known debt/assets is 0.27%, liquidity/assets is 28.53% and receivables-plus-cash/assets is 42.86%; the filing does not provide a school-neutral income numerator for the FTSE income threshold, and activity remains incomplete.
- Financial
- Fails
- Overall
- Fails
Receivables-plus-cash/assets is 42.86%, above the examined MSCI total-assets limit of 33.333%; business activity also remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and liquidity/assets pass the examined ratios; 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
Blink provides electric-vehicle charging equipment and services. The core infrastructure activity is generally permissible, while car-sharing, financing and lease arrangements, grants and customer end-use mix require school-specific review.
Limitation: The filing does not allocate revenue into a universal prohibited-activity numerator across charging, car-sharing, financing and customer end uses.
Purification
No school-neutral prohibited-income numerator is separately disclosed in the quarterly filing.
Inputs, assumptions and primary sources
- Amounts are USD millions converted from Blink's March 31, 2026 Form 10-Q, which reports USD thousands.
- Notes payable and current/non-current finance-lease liabilities total USD 0.360 million; operating lease liabilities are excluded.
- Cash is USD 37.991 million, accounts receivable net is USD 19.113 million and no separately identifiable interest-bearing securities are reported.
- Quarterly revenue is USD 20.779 million across product, service, other and car-sharing lines; no school-neutral prohibited-income numerator is disclosed.
- EV charging infrastructure is generally permissible, but car-sharing, financing/lease structures, customer end uses and continuing losses 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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