What is Companhia Paranaense de Energia's Shariah compliance score?

Companhia Paranaense de Energia (ELPC) has a Shariah compliance score of 71/100 (Grade: B+, Good). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Companhia Paranaense de Energia pass AAOIFI screening?

Companhia Paranaense de Energia (ELPC) passes AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. ELPC's debt-to-market-cap is 16.4%.

How much purification is needed for Companhia Paranaense de Energia?

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 percentage and amount for Companhia Paranaense de Energia (ELPC) using the latest financial data.

Where can I screen Companhia Paranaense de Energia for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Companhia Paranaense de Energia (ELPC) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

ELPCHalalB+

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Compliance Status

Halal

Screened on Oct 16, 2026 · AAOIFI Standard 21

B+

Good

71Score

Is Companhia Paranaense de Energia (ELPC) halal? Halal. Based on AAOIFI screening, Companhia Paranaense de Energia passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 71/100 (Grade: B+).

Quote this verdict

HalalScreener rates Companhia Paranaense de Energia (ELPC) Halal, 71/100, grade B+ under AAOIFI Standard 21, screened Oct 16, 2026. Source: https://halalscreener.app/en/stock/ELPC

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Within the limit

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

16.4% of 30.0% limit

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The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

What this means for you

You can own ELPC

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purification amount is Pro

We have screened ELPC's prohibited income, but the exact share you would need to purify is part of Pro.

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ELPC: Is Companhia Paranaense de Energia Halal?

Companhia Paranaense de Energia

NYSEUtilitiesBR

$13.97

Market Cap: 2.6B

Screened on a market cap of 144.1B

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About Companhia Paranaense de Energia

Companhia Paranaense de Energia (COPEL) is a Brazilian enterprise primarily engaged in the generation, transformation, distribution, and sale of electrical power. The company serves a diverse clientele, including industrial, residential, commercial, and agricultural sectors, throughout Brazil. Its operations are strategically divided into several key business units: Power Generation and Transmission, Power Distribution, GAS, Power Sale, and Holding and Services. Beyond its core electricity business, COPEL also provides piped natural gas distribution services. The firm manages a portfolio of power generation assets, encompassing hydroelectric, wind, and thermoelectric facilities, alongside an extensive network of transmission and distribution infrastructure. Furthermore, COPEL possesses exclusive concessions for electricity distribution across various municipalities within the State of Paraná, as well as the city of Porto União in the State of Santa Catarina. Established in 1954, Companhia Paranaense de Energia (COPEL) maintains its corporate headquarters in Curitiba, Brazil.

Sector: Utilities · Industry: Regulated Electric

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 16, 2026

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Screened according to AAOIFI Standard 21

Compliance History

Halalnow
since Sep 2026
Not Halal
until the change above
Under Review
until the change above
Not Halal
until the change above

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

Fiscal: Q2 2026Data source: FMP

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Frequently Asked Questions

Is Companhia Paranaense de Energia (ELPC) halal to invest in?

Based on AAOIFI Standard 21 screening, Companhia Paranaense de Energia (ELPC) is rated Halal with a compliance grade of B+ (Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did Companhia Paranaense de Energia get a B+ compliance rating?

Companhia Paranaense de Energia (ELPC) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 16.4% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Companhia Paranaense de Energia's Shariah verdict?

Companhia Paranaense de Energia'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 Companhia Paranaense de Energia re-screened for Shariah compliance?

Companhia Paranaense de Energia (ELPC) 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.