Companhia de Saneamento Básico do Estado de São Paulo - SABESP

SBS: Is Companhia de Saneamento Básico do Estado de São Paulo - SABESP Halal?

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

NYSEUtilitiesBR

$5.79

-2.20%

Market Cap: 19.8B

Compliance Status

Not Halal

Screened on Jul 17, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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).

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%.

202.1% of 30.0% limit

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

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

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:

00
0011.KLA+

Brite-Tech Bhd

$0.25

-0.02%

30
3069.KLA+

Mega First Corporation Bhd

$2.89

+0.00%

50
5041.KLA+

PBA Holdings Bhd

$2.01

-0.01%

52
5209.KLA+

Gas Malaysia Bhd

$5.13

-0.01%

52
5264.KLA+

Malakoff Corporation Bhd

$0.79

+0.00%

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NextEra Energy, Inc.

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Sempra

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Dominion Energy, Inc.

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Frequently Asked Questions

Is Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) halal to invest in?
Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) 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 Companhia de Saneamento Básico do Estado de São Paulo - SABESP get a F compliance rating?
Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 202.1% (limit 30%); interest-bearing deposits of 62.5% (limit 30%); prohibited income of 4.73% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Companhia de Saneamento Básico do Estado de São Paulo - SABESP's Shariah verdict?
Companhia de Saneamento Básico do Estado de São Paulo - SABESP'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 Companhia de Saneamento Básico do Estado de São Paulo - SABESP re-screened for Shariah compliance?
Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) 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.