What is Southwest Gas Holdings, Inc.'s Shariah compliance score?

Southwest Gas Holdings, Inc.'s (SWX) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Southwest Gas Holdings, Inc. pass AAOIFI screening?

Southwest Gas Holdings, Inc. (SWX) 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% (SWX: 52.7%), (3) interest-bearing deposits below 30% (SWX: 8.7%), and (4) prohibited income below 5% (SWX: 1.1%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Southwest Gas Holdings, Inc. stock?

Southwest Gas Holdings, Inc. (SWX) has a non-permissible income ratio of 1.08%. Muslim investors should purify this percentage of any dividends received and capital gains realized from SWX 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 Southwest Gas Holdings, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Southwest Gas Holdings, Inc. (SWX) 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 SWX's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

SWX: Is Southwest Gas Holdings, Inc. Halal?

Southwest Gas Holdings, Inc.

NYSEUtilitiesUS

$89.81

+1.47%

Market Cap: 6.5B

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Southwest Gas Holdings, Inc. (SWX) halal? Not Halal. Based on AAOIFI screening, Southwest Gas Holdings, 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%.

52.7% of 30.0% limit

What this means for you

Most scholars advise not holding SWX

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Southwest Gas Holdings, Inc.

Southwest Gas Holdings, Inc., operating through its various subsidiaries, is primarily engaged in the delivery and transportation of natural gas to customers across Arizona, Nevada, and California. The company's operations are segmented into Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage. Beyond its core gas services, it also offers specialized utility infrastructure support, including trenching, the installation and replacement of subterranean pipelines, and ongoing maintenance for energy distribution networks. As of December 31, 2021, its extensive customer base totaled 2,159,000, serving residential, commercial, industrial, and other natural gas consumers. Founded in 1931, the company maintains its corporate headquarters in Las Vegas, Nevada.

Sector: Utilities · Industry: Regulated Gas

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Compliance History

Not Halalnow
since Jun 2026
Halal
until the change above
Not Halal
until the change above

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

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Frequently Asked Questions

Is Southwest Gas Holdings, Inc. (SWX) halal to invest in?

Southwest Gas Holdings, Inc. (SWX) 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 Southwest Gas Holdings, Inc. get a F compliance rating?

Southwest Gas Holdings, Inc. (SWX) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 52.7% (limit 30%); interest-bearing deposits of 8.7% (limit 30%); prohibited income of 1.08% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Southwest Gas Holdings, Inc.'s Shariah verdict?

Southwest Gas Holdings, 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 Southwest Gas Holdings, Inc. re-screened for Shariah compliance?

Southwest Gas Holdings, Inc. (SWX) 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 18, 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.