What is Algonquin Power & Utilities Corp.'s Shariah compliance score?

Algonquin Power & Utilities Corp.'s (AQN) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Algonquin Power & Utilities Corp. pass AAOIFI screening?

Algonquin Power & Utilities Corp. (AQN) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (AQN: 150.7%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Algonquin Power & Utilities Corp. stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for Algonquin Power & Utilities Corp. (AQN) using the latest financial data.

Where can I screen Algonquin Power & Utilities Corp. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Algonquin Power & Utilities Corp. (AQN) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about AQN's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

AQN: Is Algonquin Power & Utilities Corp. Halal?

Algonquin Power & Utilities Corp.

NYSEUtilitiesCA

$5.99

+0.50%

Market Cap: 4.6B

Compliance Status

Not Halal

Screened on Sep 3, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Algonquin Power & Utilities Corp. (AQN) halal? Not Halal. Based on AAOIFI screening, Algonquin Power & Utilities Corp. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Algonquin Power & Utilities Corp. (AQN) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 3, 2026. Source: https://halalscreener.app/en/stock/AQN

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

150.7% of 30.0% limit

What this means for you

Most scholars advise not holding AQN

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Algonquin Power & Utilities Corp.

Algonquin Power & Utilities Corp. operates in the power and utility industries. It owns and operates a portfolio of regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations. As of December 31, 2025, it operated a portfolio of regulated utility systems in the United States, Canada, Bermuda, and Chile, serving approximately 1,272,000 customer connections. Its regulated electrical distribution utility systems and related transmission and generation assets are located in the states of Arkansas, California, Kansas, Missouri, Nevada, New Hampshire, and Oklahoma, as well as in Bermuda with approximately 311,000 electric customer connections. Its regulated water distribution and wastewater utility systems are located in the states of Arizona, Arkansas, California, Illinois, Missouri, New York, and Texas, as well as in Chile with approximately 583,000 customer connections. It’s regulated natural gas distribution utility systems are located in the states of Georgia, Illinois, Iowa, Massachusetts, Missouri, New Hampshire, and New York; and in the Canadian province of New Brunswick with approximately 378,000 natural gas customer connections. It also owns and operates generating assets with a gross capacity of approximately 2.0 gigawatt (GW) and has investments in generating assets with approximately 0.3 GW of net generation capacity. It generates and sells hydroelectric energy in Canada, and capacity and renewable attributes are produced by its portfolio of 14 hydroelectric power generation facilities located in the provinces of Alberta, Ontario, New Brunswick, and Quebec. As of December 31, 2025, it had a combined gross generating capacity of approximately 112 megawatts (MW) and a combined net generating capacity of approximately 105 MW. The company was formerly known as Traduction Militech Translation Inc. in October 2009. The company was incorporated in 1988 and is headquartered in Oakville, Canada.

Sector: Utilities · Industry: Diversified Utilities

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 3, 2026

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2025Data source: FMP

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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Mega First Corporation Bhd

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PBA Holdings Bhd

$2.16

+0.00%

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Gas Malaysia Bhd

$4.99

-0.00%

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Malakoff Corporation Bhd

$0.81

+0.01%

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Frequently Asked Questions

Is Algonquin Power & Utilities Corp. (AQN) halal to invest in?

Algonquin Power & Utilities Corp. (AQN) 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.

Why did Algonquin Power & Utilities Corp. get a F compliance rating?

Algonquin Power & Utilities Corp. (AQN) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 150.7% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Algonquin Power & Utilities Corp.'s Shariah verdict?

Algonquin Power & Utilities Corp.'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.

How often is Algonquin Power & Utilities Corp. re-screened for Shariah compliance?

Algonquin Power & Utilities Corp. (AQN) 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: Sep 3, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

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.