Is BRLS halal?
Borealis Foods Inc.
Halal
Borealis Foods Inc. passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 15 October 2026
Exchange
NASDAQ
Price
1.09
Day
+0.00%
Market cap
$23.4M
Industry
Packaged Foods
Sector
Consumer Defensive
What the company does
Borealis Foods makes high-protein, plant-based ramen noodles under the Chef Woo brand (halal, kosher and vegan certified). Its money comes from sales to US and Canadian supermarkets.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $26.04M ÷ 36-month average market cap $102.13M = 25.5%
25.5%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $480K ÷ 36-month average market cap $102.13M = 0.5%
0.5%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
Figures from the company's filings (2026-03-31), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $23.40M.
For information (AAOIFI 3/1 note): cash + receivables are 4.4% of total assets (2026-03-31). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Among halal stocks
- 0.00% · #1353 of 1455
- Held by funds
- Not held by any tracked fund
Manually reviewed — clean
The industry was flagged as sensitive, so the company's filings were checked by hand on 13 August 2026. Conclusion:
Chef Woo ramen — o'simlik oqsili (no'xat/dukkakli). Mahsulot HALAL sertifikatiga ega (kosher va vegan ham). Cho'chqa/go'sht ingrediyenti yo'q
Halal stocks in the same industry
The largest halal stocks in Packaged Foods — for comparison.
Related articles
- Halal investingBlogHow to calculate purification for a halal stockEven a halal company earns a little interest. A simple formula and worked example for how much of your dividend to give to charity.
- GuideBlogDividends, zakat and tax: a practical guide for US stock holdersHow much US tax is withheld from dividends, what to declare in Uzbekistan, and how zakat on shares is calculated — with one worked example.
- Halal investingBlogWhy does a stock's halal status change?A stock that was halal yesterday can leave the list today. The four main reasons — and why none of them is a bug.
Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.