What is Hawaiian Electric Industries, Inc.'s Shariah compliance score?

Hawaiian Electric Industries, Inc.'s (HE) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Hawaiian Electric Industries, Inc. pass AAOIFI screening?

Hawaiian Electric Industries, Inc. (HE) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (HE: 128.1%), (3) interest-bearing deposits below 30% (HE: 42.5%), and (4) prohibited income below 5% (HE: 1.2%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Hawaiian Electric Industries, Inc. stock?

Hawaiian Electric Industries, Inc. (HE) has a non-permissible income ratio of 1.20%. Muslim investors should purify this percentage of any dividends received and capital gains realized from HE shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Hawaiian Electric Industries, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Hawaiian Electric Industries, Inc. (HE) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about HE's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

HE: Is Hawaiian Electric Industries, Inc. Halal?

Hawaiian Electric Industries, Inc.

NYSEUtilitiesUS

$13.57

+3.04%

Market Cap: 2.3B

Compliance Status

Not Halal

Screened on Jul 17, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Hawaiian Electric Industries, Inc. (HE) halal? Not Halal. Based on AAOIFI screening, Hawaiian Electric Industries, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

AvoidBorderlineClean

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%.

128.1% of 30.0% limit

What this means for you

Most scholars advise not holding HE

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Hawaiian Electric Industries, Inc.

Hawaiian Electric Industries, Inc., together with its subsidiaries, engages in the electric utility, banking, and renewable/sustainable infrastructure investment businesses in the state of Hawaii. It operates in three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. This segment serves suburban communities, resorts, the United States armed forces installations, and agricultural operations. The Bank segment operates a community bank that offers banking and other financial services to consumers and businesses, including savings and checking accounts; and loans comprising residential and commercial real estate, residential mortgage, construction and development, multifamily residential and commercial real estate, consumer, and commercial loans. This segment operates 42 branches, including 29 branches in Oahu, 6 branches in Maui, 4 branches in Hawaii, 2 branches in Kauai, and 1 branch in Molokai. The Other segment invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. Hawaiian Electric Industries Inc. was incorporated in 1891 and is headquartered in Honolulu, Hawaii.

Sector: Utilities · Industry: Diversified Utilities

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 17, 2026

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: FY 2025Data source: FMP

Halal Alternatives in Utilities

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

0011.KLA+

Brite-Tech Bhd

$0.25

+0.02%

3069.KLA+

Mega First Corporation Bhd

$2.89

+0.00%

5041.KLA+

PBA Holdings Bhd

$2.01

-0.01%

5209.KLA+

Gas Malaysia Bhd

$5.13

-0.01%

5264.KLA+

Malakoff Corporation Bhd

$0.79

+0.00%

More Utilities Stocks

NEE

NextEra Energy, Inc.

The Southern Company

DUK

Duke Energy Corporation

AEP

American Electric Power Company, Inc.

SRE

Sempra

B+

Dominion Energy, Inc.

Free · No credit card required

Track HE and 10,000+ stocks with AI insights

Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.

Get Started Free Browse Screener

10,000+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is Hawaiian Electric Industries, Inc. (HE) halal to invest in?

Hawaiian Electric Industries, Inc. (HE) 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 Hawaiian Electric Industries, Inc. get a F compliance rating?

Hawaiian Electric Industries, Inc. (HE) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 128.1% (limit 30%); interest-bearing deposits of 42.5% (limit 30%); prohibited income of 1.20% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Hawaiian Electric Industries, Inc.'s Shariah verdict?

Hawaiian Electric Industries, 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 Hawaiian Electric Industries, Inc. re-screened for Shariah compliance?

Hawaiian Electric Industries, Inc. (HE) 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: Jul 17, 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.