Compliance Status
Not Halal
Screened on Oct 15, 2026 · AAOIFI Standard 21
Non-Compliant
Is Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) halal? Not Halal. Based on AAOIFI screening, Companhia de Saneamento Básico do Estado de São Paulo - SABESP passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).
Quote this verdict
HalalScreener rates Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 15, 2026. Source: https://halalscreener.app/en/stock/SBS
Business activity
What the company sells is permissible.
Company debt
Over the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
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.
Screened according to AAOIFI Standard 21
What this means for you
Most scholars advise not holding SBS
It does not pass AAOIFI Shariah screening.
See halal alternatives from the same sector further down this page
SBS: Is Companhia de Saneamento Básico do Estado de São Paulo - SABESP Halal?
Companhia de Saneamento Básico do Estado de São Paulo - SABESP
$6.26
Market Cap: 21.4B
Screened on a market cap of 110.7B
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About Companhia de Saneamento Básico do Estado de São Paulo - SABESP
SABESP, or Companhia de Saneamento Básico do Estado de São Paulo, is a key utility provider specializing in water and sewage services for residential, commercial, industrial, and governmental clients. Its offerings are comprehensive, spanning water supply, sanitary sewage systems, urban rainwater management and drainage, municipal cleaning, and solid waste management. The company's operations also encompass planning, system operation, maintenance, and the commercialization of energy. As of December 31, 2021, SABESP delivered water services to approximately 27.8 million people through 9.8 million connections and provided sewage services to about 24.6 million individuals via 8.4 million connections. Its expansive infrastructure included 88,904 kilometers of water pipes and transmission lines, alongside 61,122 kilometers of sewer lines. Furthermore, through special purpose companies, SABESP extends its water and/or sewage provisions to four additional municipalities. The company was established in 1954 and is headquartered in São Paulo, Brazil.
Sector: Utilities · Industry: Regulated Water
Why this does not pass
- Interest-bearing debt is 46.3% 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
See which ratio caused the failure.
See the exact debt ratio, interest income %, and prohibited revenue that caused the failure. Know before you sell or hold.
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why SBS is rated Not Halal with institutional-grade analysis
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.
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.
Halal Alternatives in Utilities
This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
More Utilities Stocks
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Frequently Asked Questions
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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.