Is Companhia Energetica do Ceara halal to invest in?

According to Musaffa's Shariah screening methodology, Companhia Energetica do Ceara (COCE5.SA) is currently classified as NOT COVERED as of May 2026. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Companhia Energetica do Ceara a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Companhia Energetica do Ceara using these criteria to determine its compliance status.

Can Muslims buy shares of Companhia Energetica do Ceara?

Muslim investors may consider investing in Companhia Energetica do Ceara if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Companhia Energetica do Ceara classified as NOT COVERED?

Musaffa determines the Shariah status of Companhia Energetica do Ceara by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Companhia Energetica do Ceara updated?

The Shariah compliance status of Companhia Energetica do Ceara may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Companhia Energetica do Ceara become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Companhia Energetica do Ceara?

You can check the latest Shariah compliance status of Companhia Energetica do Ceara on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

Companhia Energetica do Ceara COCE5.SA

Last Updated: May 15, 12:00 AM·BOVESPA

Companhia Energetica do Ceara. Stock Analysis COCE5.SA

Brazil Utilities Small Cap

Companhia Energetica do Ceara-COELCE provides electricity distribution services. The company is headquartered in Fortaleza, Ceara and currently employs 1,963 full-time employees. The company went IPO on 2007-06-04. The firm is primarily engaged in the distribution of electrical power for industrial, rural, public, commercial and residential consumption. The firm's concession area includes the Brazilian state of Ceara. Additionally, Coelce is active in the research, studies, planning, construction and exploration of the system of electrical power distribution. The Company’s activities are regulated by the Brazilian Electricity Regulatory Agency (ANEEL). The firm is controlled by the Endesa Group, through Investluz SA. In May 2014, Enersis SA of Chile, a unit of the Endesa Latinoamerica SA subsidiary of Enel Energy Europe Srl's (Enel Energy) Endesa SA unit, acquired 15,184% stake of Coelce; following the acquisition Enersis SA of Chile owns 75,269% shares of the Company.

Shariah Compliance Report

An extensive business and financial screening of the company which specifies why a stock is halal or haram!

Companhia Energetica do Ceara COCE5.SA

Companhia Energetica do Ceara. Stock Analysis COCE5.SA

Shariah Compliance Report

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