HASINot HalalF
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Compliance Status

Not Halal

Screened on Oct 15, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is HA Sustainable Infrastructure Capital, Inc. (HASI) halal? Not Halal. Based on AAOIFI screening, HA Sustainable Infrastructure Capital, Inc. 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 HA Sustainable Infrastructure Capital, Inc. (HASI) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 15, 2026. Source: https://halalscreener.app/en/stock/HASI

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%.

124.5% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding HASI

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

HA Sustainable Infrastructure Capital, Inc.

HASI: Is HA Sustainable Infrastructure Capital, Inc. Halal?

HA Sustainable Infrastructure Capital, Inc.

NYSEFinancial ServicesUS

$36.42

Market Cap: 4.7B

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About HA Sustainable Infrastructure Capital, Inc.

HA Sustainable Infrastructure Capital, Inc. (HASI) specializes in providing financial capital and making investments in initiatives that address climate change. The company funnels its resources into projects and assets developed by businesses operating in the renewable energy, energy efficiency, and wider sustainable infrastructure sectors. HASI's investment strategy specifically targets areas such as Behind the Meter solutions, Grid-Connected projects, alternative Fuels, sustainable Transport, and Nature-based climate initiatives. The firm was established on November 7, 2012, and operates from its main office in Annapolis, MD.

Sector: Financial Services · Industry: Asset Management

Why this does not pass

  • Interest-bearing debt is 124.5% of market cap, over the 30% AAOIFI limit.
  • Income from prohibited sources is over the 5% 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 15, 2026

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Screened according to AAOIFI Standard 21

Compliance History

  1. Not Halalnow

    since Jun 2026

  2. Halal

    until the change above

  3. Not Halal

    until the change above

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

Fiscal: Q2 2026Data source: EDGAR

Halal Alternatives in Financial Services

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Frequently Asked Questions

Is HA Sustainable Infrastructure Capital, Inc. (HASI) halal to invest in?
HA Sustainable Infrastructure Capital, Inc. (HASI) 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 HA Sustainable Infrastructure Capital, Inc. get a F compliance rating?
HA Sustainable Infrastructure Capital, Inc. (HASI) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 124.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change HA Sustainable Infrastructure Capital, Inc.'s Shariah verdict?
HA Sustainable Infrastructure Capital, Inc.'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 HA Sustainable Infrastructure Capital, Inc. re-screened for Shariah compliance?
HA Sustainable Infrastructure Capital, Inc. (HASI) 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 15, 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.