PowerBank Corporation (PBK) - Not Halal (Non-Compliant)
PowerBank Corporation (PBK) 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: 469.6% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 67.9% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 0.5% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.55%.Based on the company's financial statements, approximately 0.55% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.55% of total income). Some scholars may differ on the exact calculation method.
About PowerBank Corporation
PowerBank Corporation operates as an independent renewable and clean energy project developer, power producer, and asset operator in Canada and the United States. The company operates through two segments, Development and EPC, and IPP Production. It focuses on solar photovoltaic power generation projects, battery energy storage systems, and EV-charging projects. The company provides expertise in the areas of site origination, grid interconnection, environmental assessment, distributed, community and utility-scale sola, battery energy storage system, and permitting; financing, engineering, procurement and construction; operation and maintenance; independent power production; and asset management services. In addition, it develops solar projects that sells electricity to commercial, industrial, municipal, residential, and utility off-takers sectors. The company was formerly known as SolarBank Corporation and changed its name to PowerBank Corporation in July 2025. PowerBank Corporation was incorporated in 2013 and is headquartered in Toronto, Canada.

