ENICNot HalalF
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Compliance Status

Not Halal

Screened on Oct 13, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Enel Chile S.A. (ENIC) halal? Not Halal. Based on AAOIFI screening, Enel Chile S.A. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Enel Chile S.A. (ENIC) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 13, 2026. Source: https://halalscreener.app/en/stock/ENIC

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%.

46.6% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding ENIC

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Enel Chile S.A.

ENIC: Is Enel Chile S.A. Halal?

Enel Chile S.A.

NYSEUtilitiesCL

$4.46

Market Cap: 6.2B

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About Enel Chile S.A.

Enel Chile S.A. stands as a significant electricity provider within Chile, primarily focused on the generation, transmission, and distribution of power. Its activities are structured around distinct generation and distribution business units. The company produces electricity utilizing a variety of sources, including hydroelectric, thermal, wind, solar, and geothermal power plants. As of December 31, 2021, it boasted a gross installed capacity of 8,054 megawatts. In its distribution segment, Enel Chile supplies electricity to roughly 2.0 million customers across 33 municipalities within the Santiago metropolitan region, managing a transmission network spanning 2,105 square kilometers. Beyond its core electricity services, the company also participates in the sale and transportation of natural gas, in addition to offering construction, engineering, and consulting services. Its diverse customer base includes residential, commercial, industrial, and governmental entities. Founded in 2016 and headquartered in Santiago, Chile, the firm was formerly known as Enersis Chile S.A. before rebranding to Enel Chile S.A. in October 2016. It operates as a subsidiary of Enel S.p.A.

Sector: Utilities · Industry: Regulated Electric

Why this does not pass

  • Interest-bearing debt is 46.6% 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 13, 2026

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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

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 Enel Chile S.A. (ENIC) halal to invest in?
Enel Chile S.A. (ENIC) 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 Enel Chile S.A. get a F compliance rating?
Enel Chile S.A. (ENIC) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 46.6% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Enel Chile S.A.'s Shariah verdict?
Enel Chile S.A.'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 Enel Chile S.A. re-screened for Shariah compliance?
Enel Chile S.A. (ENIC) 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 13, 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.