TSX Shariah screener · October 2026
Is CHAR Technologies Ltd. (YES) Halal?
CHAR Technologies Ltd. · TSXV: YES · Energy
The short answer
Yes — CHAR Technologies (TSXV: YES) passes this Shariah screen. Its business is renewable energy and biocarbon, debt is 7.86% of market cap (limit 33%), and interest income is 4.74% of revenue (limit 5%).
Gate 1 — Business activity: PASS
CHAR Technologies Ltd. is a cleantech development company specializing in high-temperature pyrolysis, converting woody materials and organic waste into renewable gases (renewable natural gas and green hydrogen) and biocarbon (activated charcoal “SulfaCHAR” and biocoal “CleanFyre”), per Note 1 of its Q3 FY2026 interim financial statements. In October 2024 it sold its environmental-consulting operations to focus on the core cleantech business, and all Q3 FY2026 revenue of C$599,811 comes from continuing operations under “engineering technology revenue.” No alcohol, pork, gambling, conventional interest-based lending, tobacco, cannabis, weapons, or adult entertainment segments appear in the filings. Gate 1: PASS. Facts only.
Gate 2 — Debt and cash: PASS
Total interest-bearing debt at June 30, 2026 is C$2,966,575 — the sum of loans payable (C$2,726,793 current + C$36,758 non-current) and lease liabilities (C$92,585 current + C$110,439 non-current), per the Q3 FY2026 statement of financial position. The largest loan is a C$2,573,487 Bioveld Canada facility at 12.50% per annum maturing October 31, 2026 (note 11). Deferred grant income of C$1,311,726 is excluded as it is not interest-bearing debt. Shares outstanding are 150,990,935 and the YES.V price was C$0.25 on October 1, 2026, giving a market cap of about C$37.75M. Debt of C$2,966,575 is 7.86% of market cap, under the 33% limit. Gate 2: PASS. Facts only.
Gate 3 — Non-compliant income: PASS
For the nine months ended June 30, 2026, CHAR Technologies reported interest income of C$90,200 against total revenue of C$1,904,754, per the Q3 FY2026 statement of loss and comprehensive loss. Interest income is therefore 4.74% of revenue, under the 5% limit. The interest comes mainly from a C$2.5M unsecured loan to Thorold LP, the company’s 50%-owned biocarbon joint venture (11.0% contractual rate, maturing March 17, 2029, note 8) — project financing to its own venture, not a conventional lending business line. Gate 3: PASS. Facts only.
Key figures used
- Interest-bearing debt (June 30, 2026): C$2,966,575
- Shares outstanding: 150,990,935; price C$0.25 (Oct 1, 2026); market cap ~C$37.75M
- Debt to market cap: 7.86% (limit 33%)
- Interest income (9 months): C$90,200; revenue: C$1,904,754
- Interest income to revenue: 4.74% (limit 5%)
- Business: high-temperature pyrolysis producing RNG, green hydrogen and biocarbon
Frequently asked questions
Is CHAR Technologies (YES) halal?
CHAR Technologies (TSXV: YES) passes this Shariah screen. Its business is renewable energy and biocarbon, debt of C$2,966,575 is 7.86% of market cap (limit 33%), and interest income of C$90,200 is 4.74% of C$1,904,754 revenue (limit 5%). No haram segments were found in the filings.
How much debt does CHAR Technologies have compared to its market cap?
Total interest-bearing debt at June 30, 2026 is C$2,966,575 — the sum of loans payable (C$2,726,793 current + C$36,758 non-current) and lease liabilities (C$92,585 current + C$110,439 non-current). With 150,990,935 shares at C$0.25 the market cap is about C$37.75M, so debt is 7.86% of market cap, under the 33% limit.
What does CHAR Technologies do?
CHAR Technologies Ltd. is a cleantech development company specializing in high-temperature pyrolysis, converting woody materials and organic waste into renewable gases (renewable natural gas and green hydrogen) and biocarbon (activated charcoal “SulfaCHAR” and biocoal “CleanFyre”). In October 2024 it sold its environmental-consulting operations to focus on the core cleantech business.
How much interest income does CHAR Technologies earn?
For the nine months ended June 30, 2026, CHAR Technologies reported interest income of C$90,200 against total revenue of C$1,904,754, so interest income is 4.74% of revenue (limit 5%). The interest comes mainly from a C$2.5M unsecured loan to Thorold LP, the company’s 50%-owned biocarbon joint venture, not a conventional lending business line.
Where can I find more energy stock screeners?
The full list of stock screeners, including more energy stock screeners, is at halal-stock-verdicts.html.
Sources
- Q3 FY2026 interim financial statements (ended June 30, 2026)
- Q3 FY2026 MD&A (discussion dated August 27, 2026)
- YES.V price and market cap (Finnhub, Oct 1, 2026)
- YES shares outstanding and profile (MarketBeat)
Screened 2026-10-01 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.