BrenX Ltd. (BRNX) - Not Halal (Non-Compliant)
BrenX Ltd. (BRNX) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Utilities
- Industry
- Utilities - Renewable
- Result
- Pass
- Reason
- The sector "Utilities" and industry "Utilities - Renewable" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 2.9% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 2.2% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 19.4% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 19.38%.Based on the company's financial statements, approximately 19.38% of dividend income should be donated to charity for purification. This is derived from identified interest income (19.38% of total income). Some scholars may differ on the exact calculation method.
About BrenX Ltd.
BrenX Ltd. develops, owns, operates, and optimizes integrated industrial energy infrastructure. The company provides an end-to-end platform that combines thermal energy storage, electricity generation and management, industrial heat solutions, and digital optimization capabilities. Its core offering centers on the bGen thermal storage technology, a system that converts electricity and recovered heat into dispatchable thermal energy for industrial applications. The company serves customers across manufacturing, data centers, healthcare facilities, and utilities, addressing applications such as industrial steam generation, heat recovery, grid balancing, and energy optimization. BrenX Ltd. operates through a Build-Own-Operate-Optimize model, under which it develops customized energy infrastructure, invests in and retains ownership of selected assets, delivers operational management and monitoring services, and applies software and real-time data analytics to optimize energy performance and reduce total energy costs. The company's deployed projects include thermal storage systems for industrial steam delivery, heat-to-heat energy storage for process applications, power-to-heat systems for hospitals and healthcare facilities, and grid integration and balancing services. It has also expanded its asset portfolio to include photovoltaic generation capacity and is developing integrated energy hub infrastructure that combines solar, thermal storage, and industrial heat capabilities. BrenX Ltd. was formerly known as Brenmiller Energy Ltd. and changed its name to BrenX Ltd. in August 2026. BrenX Ltd. was incorporated in 2012 and is based in Rosh HaAyin, Israel.