Ferrovial SE

FER: Is Ferrovial SE Halal?

Ferrovial SE

NASDAQIndustrialsNL

$68.36

-2.62%

Market Cap: 49.3B

Compliance Status

Doubtful

Screened on Sep 1, 2026 · AAOIFI Standard 21

C+

Fair

58Score

Is Ferrovial SE (FER) halal? Doubtful. Based on AAOIFI screening, Ferrovial SE passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 58/100 (Grade: C+).

Quote this verdict

HalalScreener rates Ferrovial SE (FER) Doubtful, 58/100, grade C+ under AAOIFI Standard 21, screened Sep 1, 2026. Source: https://halalscreener.app/en/stock/FER

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

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

29.7% of 30.0% limit

What this means for you

You may own FER, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purification amount is Pro

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

About Ferrovial SE

Ferrovial SE, a global entity operating through its various subsidiaries, specializes in the entire lifecycle management of transport infrastructure and urban services, encompassing their design, construction, financing, operation, and ongoing maintenance. Its diverse operations are organized into four primary divisions: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. In the Construction division, the firm undertakes the planning and execution of a wide array of public and private projects, notably including public infrastructure development. Simultaneously, the Toll Roads segment is devoted to developing, funding, and managing major thoroughfares. The Airports segment focuses on establishing, investing in, and managing aviation facilities. Moreover, its Energy Infrastructures and Mobility unit undertakes the promotion, construction, and operation of various energy generation and transmission assets, specifically developing, financing, and operating power transmission lines and renewable energy generation plants. This segment also extends its offerings to include mobility and waste management plants and specialized services for the mining sector in Chile. Established in 1952, Ferrovial SE's corporate headquarters are located in Amsterdam, the Netherlands.

Sector: Industrials · Industry: Engineering & Construction

Why This Stock Is Doubtful

  • Debt is 29.7% of market cap, only 0.3 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

AAOIFI Standard 21Updated Sep 1, 2026

Compliance History

  1. Doubtfulnow

    since Aug 2026

  2. Not Halal

    until the change above

  3. Doubtful

    until the change above

  4. Not Halal

    until the change above

  5. Doubtful

    until the change above

  6. Halal

    until the change above

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

Fiscal: FY 2025Data source: FMP
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Frequently Asked Questions

Is Ferrovial SE (FER) halal to invest in?
Ferrovial SE (FER) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.
Why did Ferrovial SE get a C+ compliance rating?
Ferrovial SE (FER) received a grade of C+ (Fair) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 29.7% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Ferrovial SE's Shariah verdict?
Ferrovial SE'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 Ferrovial SE re-screened for Shariah compliance?
Ferrovial SE (FER) 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: Sep 1, 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.