Is Enel S.p.A. (ENLAY) halal? Not Halal. Based on AAOIFI screening, Enel S.p.A. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Enel S.p.A.

ENLAY: Is Enel S.p.A. Halal?

Not Halal

Enel S.p.A.

OTCUtilitiesIT

$11.32

+0.58%

About Enel S.p.A.

Enel S.p.A. operates as a leading global integrated energy enterprise, managing both electricity and natural gas operations across the world. The company’s extensive involvement in the electricity sector spans from generation and procurement to transmission, distribution, and ultimate sale. In the realm of natural gas, Enel is responsible for its transport, market distribution, and the supply of liquefied natural gas (LNG). A significant part of its business includes the full lifecycle management of infrastructure, specifically designing, developing, constructing, operating, maintaining, and managing power generation facilities and electrical distribution networks, as well as constructing and running independent transmission lines. Enel’s activities extend beyond these core energy services into a diverse array of fields. These encompass specialized engineering for energy and infrastructure projects, research and development in scientific and engineering domains, and the co-generation of electricity and heat. The company also undertakes the construction and management of port infrastructure, provides certification for products, plants, and equipment, engages in mining, offers financial services, markets energy products, conducts general trading, and handles fuel trading and logistics. Additionally, Enel constructs and manages LNG regasification facilities, participates in water desalination and supply initiatives, monitors electricity systems, and operates optical fiber networks. It delivers a wide range of services, including testing, inspection, and certification; engineering and strategic consulting; legal advisory; advanced metering, remote control, and connectivity solutions utilizing power line communication; comprehensive business, administrative, management, and corporate planning consulting; various engineering disciplines (civil, mechanical, electrical); and corporate support functions like personnel administration, information technology, real estate, and general business services. The company also installs, maintains, and repairs electronic plants, and offers security services. Further expanding its offerings, Enel provides water systems, public lighting infrastructure and related services, electric mobility solutions, and environmental impact studies. Its power generation capacity is diverse, incorporating renewable sources such such as wind, hydroelectric, solar (photovoltaic), and geothermal energy, alongside thermal and nuclear power plants. Established in 1962, Enel S.p.A. has its corporate headquarters situated in Rome, Italy.

Sector: Utilities · Industry: Diversified Utilities

Shariah Compliance Status

معيار أيوفي 21تحديث ١٩ يونيو ٢٠٢٦
F

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap69.9% / 30.0%

Compliance History

Not Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

Tracked since Jun 2026. Updates automatically on each re-screen.

Screened: Jun 19, 2026Fiscal: FY 2025Source: FMP-ADR

Financial Overview

Market Cap

112.4B

Price

$11.32

Sector

Utilities

Industry

Diversified Utilities

Halal Alternatives in Utilities

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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الأسئلة الشائعة

هل Enel S.p.A. (ENLAY) حلال للاستثمار؟
Enel S.p.A. (ENLAY) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
لماذا حصل Enel S.p.A. على تقييم توافق F؟
Enel S.p.A. (ENLAY) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 69.9% (limit 30%); interest-bearing deposits of 5.4% (limit 30%); prohibited income of 1.14% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
ما الذي قد يغير حكم Enel S.p.A. الشرعي؟
Enel S.p.A.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
كم مرة يُعاد فحص Enel S.p.A. للتوافق الشرعي؟
Enel S.p.A. (ENLAY) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 19, 2026.

مفحوص وفق معيار أيوفي رقم 21 · لأغراض إعلامية فقط. استشر مستشاراً مالياً إسلامياً مؤهلاً قبل الاستثمار.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.