PAMNot HalalF
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Compliance Status

Not Halal

Screened on Oct 15, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Pampa Energía S.A. (PAM) halal? Not Halal. Based on AAOIFI screening, Pampa Energía 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 Pampa Energía S.A. (PAM) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 15, 2026. Source: https://halalscreener.app/en/stock/PAM

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%.

60.9% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding PAM

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Pampa Energía S.A.

PAM: Is Pampa Energía S.A. Halal?

Pampa Energía S.A.

NYSEUtilitiesAR

$81.10

Market Cap: 4.3B

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About Pampa Energía S.A.

Pampa Energía SA engages in the generation, transmission, and distribution of electricity. It operates through the following segments: Electricity Generation, Distribution of Energy, Oil and Gas, Petrochemicals, and Holding and Others. The Electricity Generation segment includes electricity generation activities through the operation of hydro and thermal power plants as well as wind farms. The Distribution of Energy segment consists of direct interest in Empresa Distribuidora y Comercializadora Norte SA. The Oil and Gas segment develops upstream, midstream, and downstream activities that produce barrels of oil. The Petrochemicals segment comprises styrenics operations and catalytic reformer plant operations conducted in Argentine plants. The Holding and Others segment covers financial investment transactions, holding activities, concession over the high voltage electricity transmission, and over gas transportation. The company was founded on February 21, 1945 and is headquartered in Buenos Aires, Argentina.

Sector: Utilities · Industry: Regulated Electric

Why this does not pass

  • Interest-bearing debt is 60.9% 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 15, 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 Pampa Energía S.A. (PAM) halal to invest in?
Pampa Energía S.A. (PAM) 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 Pampa Energía S.A. get a F compliance rating?
Pampa Energía S.A. (PAM) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 60.9% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Pampa Energía S.A.'s Shariah verdict?
Pampa Energía 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 Pampa Energía S.A. re-screened for Shariah compliance?
Pampa Energía S.A. (PAM) 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.