What is WEC Energy Group, Inc.'s Shariah compliance score?

WEC Energy Group, Inc.'s (WEC) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does WEC Energy Group, Inc. pass AAOIFI screening?

WEC Energy Group, Inc. (WEC) 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% (WEC: 51.4%), (3) interest-bearing deposits below 30% (WEC: 0.1%), and (4) prohibited income below 5% (WEC: 0.1%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for WEC Energy Group, Inc. stock?

WEC Energy Group, Inc. (WEC) has a non-permissible income ratio of 0.10%. Muslim investors should purify this percentage of any dividends received and capital gains realized from WEC 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 WEC Energy Group, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for WEC Energy Group, Inc. (WEC) 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 WEC's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

WEC: Is WEC Energy Group, Inc. Halal?

WEC Energy Group, Inc.

NYSEUtilitiesUS

$113.35

+1.50%

Market Cap: 36.9B

Compliance Status

Not Halal

Screened on Jul 16, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is WEC Energy Group, Inc. (WEC) halal? Not Halal. Based on AAOIFI screening, WEC Energy Group, 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%.

51.4% of 30.0% limit

What this means for you

Most scholars advise not holding WEC

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About WEC Energy Group, Inc.

WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. It generates and distributes electricity from coal, natural gas, oil, hydroelectric, wind, solar, and biomass sources; provides electric transmission services; offers retail natural gas distribution services; transports natural gas; and generates, distributes, and sells steam. As of December 31, 2021, it operated approximately 35,800 miles of overhead distribution lines and 35,600 miles of underground distribution cables, as well as 440 electric distribution substations and 510,500 line transformers; 50,900 miles of natural gas distribution mains; 1,200 miles of natural gas transmission mains; 2.3 million natural gas lateral services; 500 natural gas distribution and transmission gate stations; and 68.2 billion cubic feet of working gas capacities in underground natural gas storage fields. The company was formerly known as Wisconsin Energy Corporation and changed its name to WEC Energy Group, Inc. in June 2015. WEC Energy Group, Inc. was incorporated in 1981 and is headquartered in Milwaukee, Wisconsin.

Sector: Utilities · Industry: Regulated Electric

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 16, 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: Q1 2026Data source: EDGAR

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%

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Dominion Energy, Inc.

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Frequently Asked Questions

Is WEC Energy Group, Inc. (WEC) halal to invest in?

WEC Energy Group, Inc. (WEC) 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 WEC Energy Group, Inc. get a F compliance rating?

WEC Energy Group, Inc. (WEC) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 51.4% (limit 30%); interest-bearing deposits of 0.1% (limit 30%); prohibited income of 0.10% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change WEC Energy Group, Inc.'s Shariah verdict?

WEC Energy Group, 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 WEC Energy Group, Inc. re-screened for Shariah compliance?

WEC Energy Group, Inc. (WEC) 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 16, 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.