E-Power Inc. (EPOW) 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
Industrials
Industry
Electrical Equipment & Parts
Result
Pass
Reason
The sector "Industrials" and industry "Electrical Equipment & Parts" are not in the excluded categories.
Financial Ratios
Debt Ratio
Value: 129.9% | Threshold: 30% | Result: Fail
Cash & Interest-bearing Securities Ratio
Value: 34.9% | Threshold: 30% | Result: Fail
Non-Permissible Income Ratio
Value: 0.4% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.36%.Based on the company's financial statements, approximately 0.36% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.36% of total income). Some scholars may differ on the exact calculation method.
About E-Power Inc.
E-Power Inc. engages in the manufacture and sale of graphite anode material for use in EVs and other lithium-ion batteries. It offers education consulting, technical, training, tailored, information technology, business incubation, enterprise information technology integration, health, and agricultural technology services, as well as cultural and artistic exchanges and planning, Knowledge sharing and enterprise, and conference services. The company is also involved in business development on lithium battery materials; new energy investment; research and development of sodium-ion and carbon batteries; and produces and sells lithium battery materials. The company was formerly known as Sunrise New Energy Co., Ltd. and changed its name to E-Power Inc. in February 2026. E-Power Inc. was founded in 2014 and is headquartered in Zibo, the People's Republic of China.
Frequently Asked Questions
Is E-Power Inc. (EPOW) stock halal to invest in?
According to AAOIFI Shariah screening standards, E-Power Inc. (EPOW) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Based on the company's financial statements, approximately 0.36% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.36% of total income). Some scholars may differ on the exact calculation method.
Uses quarterly data
About E-Power Inc.
E-Power Inc. engages in the manufacture and sale of graphite anode material for use in EVs and other lithium-ion batteries. It offers education consulting, technical, training, tailored, information technology, business incubation, enterprise information technology integration, health, and agricultural technology services, as well as cultural and artistic exchanges and planning, Knowledge sharing and enterprise, and conference services. The company is also involved in business development on lithium battery materials; new energy investment; research and development of sodium-ion and carbon batteries; and produces and sells lithium battery materials. The company was formerly known as Sunrise New Energy Co., Ltd. and changed its name to E-Power Inc. in February 2026. E-Power Inc. was founded in 2014 and is headquartered in Zibo, the People's Republic of China.
ChinaNASDAQIndustrials
Screened using AAOIFI Standard No. 21 on October 20, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.
Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.
Verdict history
Free with an account.
No verdict changes recorded since first screened on Aug 28, 2026. We started recording changes on Oct 19, 2026.
Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.
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Frequently Asked Questions
According to AAOIFI Shariah screening standards, E-Power Inc. (EPOW) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
E-Power Inc.'s interest income ratio is 34.9% of total revenue. AAOIFI standards require this to be below 30%.
EPOW is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
E-Power Inc.'s compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
You can save EPOW to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Dividends from E-Power Inc. require purification. Approximately 0.36% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
E-Power Inc.'s interest income ratio is 34.9% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if EPOW stock is Shariah-compliant?
EPOW is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
How often is E-Power Inc. stock reviewed for Shariah compliance?
E-Power Inc.'s compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
How can I stay updated on E-Power Inc.'s compliance status?
You can save EPOW to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Are dividends from E-Power Inc. stock considered halal?
Dividends from E-Power Inc. require purification. Approximately 0.36% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Do I need to pay Zakat on my E-Power Inc. shares?
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
