BIPCNot HalalF
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Compliance Status

Not Halal

Screened on Oct 16, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Brookfield Infrastructure Corporation (BIPC) halal? Not Halal. Based on AAOIFI screening, Brookfield Infrastructure Corporation passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

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HalalScreener rates Brookfield Infrastructure Corporation (BIPC) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 16, 2026. Source: https://halalscreener.app/en/stock/BIPC

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%.

276.3% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding BIPC

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Brookfield Infrastructure Corporation

BIPC: Is Brookfield Infrastructure Corporation Halal?

Brookfield Infrastructure Corporation

NYSEUtilitiesUS

$37.74

Market Cap: 4.6B

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About Brookfield Infrastructure Corporation

Brookfield Infrastructure Corporation (BIPC), in conjunction with its subsidiary companies, primarily engages in the ownership and operation of essential infrastructure assets globally. The company manages regulated natural gas transmission systems in Brazil, operating an approximate 2,000-kilometer network of pipelines that span the states of Rio de Janeiro, Sao Paulo, and Minas Gerais. Expanding its international presence, BIPC also oversees regulated gas and electricity distribution operations across the United Kingdom. Furthermore, its Australian operations are comprehensive, covering both electricity transmission and distribution, as well as gas distribution services. In Australia, the firm provides services to roughly 3.9 million gas and electricity connections, supported by an expansive 61,000-kilometer infrastructure of active electricity transmission and distribution lines. Established in 2019, Brookfield Infrastructure Corporation is headquartered in New York, New York, and functions as a subsidiary of Brookfield Infrastructure Partners L.P.

Sector: Utilities · Industry: Regulated Gas

Why this does not pass

  • Interest-bearing debt is 276.3% of market cap, over the 30% AAOIFI limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 16, 2026

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Screened according to AAOIFI Standard 21

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: Q2 2026Data source: FMP

Halal Alternatives in Utilities

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Frequently Asked Questions

Is Brookfield Infrastructure Corporation (BIPC) halal to invest in?
Brookfield Infrastructure Corporation (BIPC) 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 Brookfield Infrastructure Corporation get a F compliance rating?
Brookfield Infrastructure Corporation (BIPC) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 276.3% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Brookfield Infrastructure Corporation's Shariah verdict?
Brookfield Infrastructure Corporation'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 Brookfield Infrastructure Corporation re-screened for Shariah compliance?
Brookfield Infrastructure Corporation (BIPC) 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: Oct 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.