Is Northland Power, Inc. NPI stock Halal to invest in?

No, as of September 2026, Northland Power, Inc. stock (NPI) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening Halal stocks. To qualify as Halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. Northland Power, Inc. currently does not meet the threshold for the interest-bearing debt screen. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of Northland Power, Inc. and discover Shariah compliant alternatives among the Halal stocks in the Tabadulat app.

How often is Northland Power, Inc. NPI reviewed for Shariah compliance?

Tabadulat reviews Northland Power, Inc. NPI for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Northland Power, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Northland Power, Inc. NPI pass the AAOIFI Non Permissible Income criteria?

Yes, as of September 2026, Northland Power, Inc. stock (NPI) passes the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or Riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. Northland Power, Inc.'s income from non-permissible sources is currently within this 5% threshold. Even permissible levels of incidental impure income should still be purified: investors donate the corresponding share of dividends to charity, as reflected in the stock's purification factor. This screen is reassessed monthly using the company's latest financial disclosures.

Does Northland Power, Inc. NPI pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of September 2026, Northland Power, Inc. stock (NPI) passes the AAOIFI interest-bearing investments screen. Each month Tabadulat compares Northland Power, Inc.'s holdings in interest-earning instruments, such as conventional deposits, bonds and treasury bills, against AAOIFI's 30% market capitalisation cap. The current screening shows the company inside the limit. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does Northland Power, Inc. NPI pass the AAOIFI Interest Bearing Debt criteria?

No, as of September 2026, Northland Power, Inc. stock (NPI) does not pass the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar Riba-based financing) must remain below 30% of its market capitalisation. Northland Power, Inc.'s interest-bearing debt currently exceeds this 30% limit, meaning the company relies on Riba-based financing beyond the level AAOIFI permits for a Halal investment. A company can return to compliance by reducing debt or through changes in market capitalisation, and the screen is reassessed monthly.

What is the dividend purification factor for Northland Power, Inc. NPI stock?

Northland Power, Inc. (NPI) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (Tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a Halal investment. If Northland Power, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Northland Power, Inc. NPI pass the AAOIFI Preference Share screen?

Yes, as of September 2026, Northland Power, Inc. stock (NPI) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Northland Power, Inc. has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

Invest Halal, Anytime, Anywhere

Download the Tabadulat app and start building your Shariah-compliant portfolio in minutes.

English

العربية

Is Northland Power (NPI) stock Halal?

TSX

Shariah-Compliant

Not Shariah

September 2026 AAOIFI screening result for Northland Power, Inc. (NPI): non-permissible income, pass. Interest-bearing investments, pass. Interest-bearing debt, fail. Preference shares, pass. Northland Power, Inc. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.

Sector:

Utilities

Industry:

Utilities - Renewable

Employees:

Website:

https://www.northlandpower.com

Market cap:

CA$5.4B

P/E ratio:

21.3

Dividend yield:

3.50%

52-week range:

CA$15.96 - CA$25.99

Data as of:

3 September 2026

Screening history:

September 2026: FAIL

Northland Power is a prominent player in the global energy sector, primarily focusing on developing, constructing, and operating power facilities that produce clean and green energy. Specializing in offshore wind, onshore renewable, and efficient natural gas energy solutions, Northland Power has a robust portfolio that significantly contributes to the generation of sustainable electricity. The company's activities are essential in the transition towards more renewable energy sources, making it an impactful contributor to reducing carbon footprints and advancing climate goals. Before any of that matters to a Muslim investor, one question comes first: is Northland Power stock Halal?

Is Northland Power Shariah compliant?

In financial services the activity screen carries the verdict more often than anywhere else: AAOIFI Shariah Standard No. 21 draws a hard line between fee based, permissible services and earning Riba as a business model. For Northland Power, that distinction comes first, with the debt and investment ratios behind it.

Does Northland Power pass the business activity test?

The activity screen is only part of the picture this month: Northland Power currently fails the interest-bearing debt screen, so the overall verdict is not compliant regardless of the business itself. The watch item in this sector is the sharpest of all: revenue must come from permissible services, not from lending at interest.

Is Northland Power's income Halal?

Yes, within AAOIFI's tolerance. Northland Power's income from non-permissible sources stays below 5% of revenue in the September 2026 screening.

Does Northland Power meet AAOIFI's debt and investment ratio requirements?

Not in full. Interest bearing debt currently exceeds the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.

Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.

New to the four screens? Read What is Riba? A Clear Guide for Ethical Muslim Investing

Frequently asked questions

Related stocks

Mobile login screen for Tabadulat with fields to enter email, a Continue button, an option to create an account, and a language selector showing EN.

Step 1

Open your account.

Create your Tabadulat account in minutes: enter your details, complete identity verification, and add funds by secure transfer in multiple currencies. You're ready to start investing in Halal stocks the same day.

Mobile screen showing add money interface with 100 AED amount and Manual Bank Transfer payment method selected, noting 1-2 business days processing.

Step 2

Deposit.

Add funds to your account using a secure payment method. You can deposit in multiple currencies to get started.

Step 3

Screen.

Screen Stocks for Free and explore a wide range of stocks that are ethically screened for Shariah compliance. Use our Halal Stock Screener to find the best opportunities.