Is Canadian Solar (CSIQ) stock halal to invest in?

Q: Is Canadian Solar (CSIQ) stock halal to invest in?

Halal Investors analysed and rated Canadian Solar (CSIQ) with the comfort rating: 'Entirely Uncomfortable'. We scored Canadian Solar (CSIQ) with the following scores: Business score: 5/5, Financial score: 2/5, ESG score: 1/5.

Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power and battery storage products in Asia, the Americas, Europe, and internationally. The company operates through two segments, Canadian Solar... Read More

Industry: Semiconductors Semiconductor Equipment Sector: Information Technology

Currently in review using our new methodology check back by end of Jan 2022

Canadian Solar (CSIQ)

Entirely Uncomfortable See Alternatives

Business Score

Financial Score

ESG Score

Report Summary

None of the business's revenue comes from Haram.
Interest is somewhat relied on to run the company.
The company has a substantial negative impact on at least one of the following: environment, society or governance.

What are Halal Investors' Comfort Levels?

Our Comfort Levels are based on our analysts’ latest review of a company's business, finances, and Environmental, Social and Governance (ESG) Impact. Our reports are not meant to be understood as a religious ruling (fatwa). Rather, they represent our best efforts in trying to identify whether a company is engaged in anything forbidden in Islam (haram) and to what extent. Based on our analysis, we determine our Comfort Level with investing in the company. We encourage readers to let us know if we missed anything in the comments and to voice their agreement/disagreement by leaving a thumbs up/down. Read more about our methodology.

Is Canadian Solar (CSIQ) stock halal to invest in?

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