
CTRI: Is Centuri Holdings, Inc. Halal?
Centuri Holdings, Inc.
$27.02
+2.82%
Market Cap: 2.7B
Compliance Status
Doubtful
Screened on Jul 16, 2026 · AAOIFI Standard 21
Good
Is Centuri Holdings, Inc. (CTRI) halal? Doubtful. Based on AAOIFI screening, Centuri Holdings, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 78/100 (Grade: B+).
Business activity
What the company sells is permissible.
Company debt
Close to the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
What this means for you
You may own CTRI, with caution
Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.
About Centuri Holdings, Inc.
Centuri Holdings, Inc. delivers specialized utility infrastructure services across North America. The company's operations are divided into four key segments: Gas Utility Services in the U.S., Gas Utility Services in Canada, Union Electric Utility Services, and Non-Union Electric Utility Services. For natural gas distribution utilities, Centuri provides a comprehensive suite of services, including routine maintenance, system replacements, repairs, and new installations, all with an emphasis on modernizing their infrastructure. Similarly, within the electric utility sector, the company offers services ranging from the upkeep and replacement of existing systems to the repair, upgrade, and expansion of urban transmission and local distribution networks. Centuri's clientele primarily consists of electric, gas, and integrated utility providers. Furthermore, it extends its services to emerging markets such as renewable energy projects, data centers, and 5G telecommunications infrastructure. Founded in 1909, Centuri Holdings, Inc. is based in Phoenix, Arizona, and operates as a subsidiary of Southwest Gas Holdings, Inc.
Sector: Utilities · Industry: Regulated Gas
Why This Stock Is Doubtful
- Debt is 26.0% of market cap, only 4.0 points below the 30% AAOIFI limit
Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.
Shariah Compliance Status
Compliance History
Doubtfulnow
since Jul 2026
Halal
until the change above
Tracked since May 2026. Updates automatically on each re-screen.
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Frequently Asked Questions
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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.