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: 144.9%), (3) interest-bearing deposits below 30% (AQN: 0.7%), and (4) prohibited income below 5% (AQN: 1.8%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

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

Algonquin Power & Utilities Corp. (AQN) has a non-permissible income ratio of 1.84%. Muslim investors should purify this percentage of any dividends received and capital gains realized from AQN shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation 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 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. 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

$5.91

+0.85%

Market Cap: 4.5B

Compliance Status

Not Halal

Screened on Jul 16, 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).

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%.

144.9% 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., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets. The company operates through two segments, Regulated Services Group and Renewable Energy Group. The Regulated Services Group segment operates a portfolio of rate-regulated utilities located in the United States, Canada, Chile, and Bermuda. Its utilities provide distribution services to approximately 1,093,000 customer connections in the electric, natural gas, and water and wastewater sectors The Renewable Energy Group segment generates and sells electrical energy, capacity, ancillary products, and renewable attributes produced by its portfolio of renewable and clean power generation facilities primarily in the United States and Canada. It owns and operates hydroelectric, wind, solar, and thermal facilities; and owns and operates a portfolio of clean energy and water infrastructure assets. The company was incorporated in 1988 and is headquartered in Oakville, Canada.

Sector: Utilities · Industry: Renewable Utilities

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 16, 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:

0011.KLA+

Brite-Tech Bhd

$0.25

-0.02%

3069.KLA+

Mega First Corporation Bhd

$2.89

+0.00%

5041.KLA+

PBA Holdings Bhd

$2.01

-0.01%

5209.KLA+

Gas Malaysia Bhd

$5.13

-0.01%

5264.KLA+

Malakoff Corporation Bhd

$0.79

+0.00%

More Utilities Stocks

NEE

NextEra Energy, Inc.

The Southern Company

DUK

Duke Energy Corporation

AEP

American Electric Power Company, Inc.

SRE

Sempra

B+

Dominion Energy, Inc.

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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 144.9% (limit 30%); interest-bearing deposits of 0.7% (limit 30%); prohibited income of 1.84% (limit 5%). 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: Jul 16, 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.