Is Energisa SA halal to invest in?

According to Musaffa's Shariah screening methodology, Energisa SA (ENGI4.SA) is currently classified as NOT HALAL as of August 2023. 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 Energisa SA 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 Energisa SA using these criteria to determine its compliance status.

Can Muslims buy shares of Energisa SA?

Muslim investors may consider investing in Energisa SA 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 Energisa SA classified as NOT HALAL?

Musaffa determines the Shariah status of Energisa SA 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 Energisa SA updated?

The Shariah compliance status of Energisa SA may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Energisa SA 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 Energisa SA?

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

Energisa SA ENGI4.SA

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

ENGI4.SA Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: August 16, 2023

Report Source: 2023 2nd Quarter Report

Energisa SA. Stock Analysis ENGI4.SA

Brazil Utilities Mid Cap Report: Q2, 2023

Energisa SA is a BR-based company operating in Electric Utilities industry. The company is headquartered in Cataguases, Minas Gerais and currently employs 17,411 full-time employees. The company went IPO on 2007-04-09. Energisa SA is a Brazil-based holding company involved in the energy sector. Through its subsidiaries, the Company is mainly engaged in the distribution and marketing of electric energy. The company distributes energy for residential, industrial, commercial and rural consumption. The firm operates in the states of Rio de Janeiro, Sao Paulo, Parana, Minas Gerais, Sergipe, Paraiba, Mato Grosso, Mato Grosso do Sul, Tocantins, Rondonia and Acre. In addition to entities engaged in the electric energy distribution, the Company's subsidiaries include Energisa Solucoes SA, which provides services related to generation and distribution of electric power; Energisa Servicos Aereos SA, which provides thermographic inspection services; and Energisa Planejamento e Corretagem Seguros Ltda, involved in the insurance brokerage, among others.

Shariah Compliance Report

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

Energisa SA ENGI4.SA

NOT HALAL

Energisa SA. Stock Analysis ENGI4.SA

Shariah Compliance Report

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