Is Fortis Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Fortis Inc (FTS.TO) is currently classified as NOT HALAL as of February 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 Fortis Inc 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 Fortis Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Fortis Inc?

Muslim investors may consider investing in Fortis Inc 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 Fortis Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Fortis Inc 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 Fortis Inc updated?

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

Can a halal stock like Fortis Inc 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 Fortis Inc?

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

FTS.TO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 24, 2026

Report Source: 2025 Annual Report

Analyst's Ratings for Fortis Inc (FTS.TO)

Based on 21 analysts giving stock ratings to Fortis Inc in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Fortis Inc. Stock Analysis FTS.TO

Canada Utilities Large Cap Report: 2025 Annual

Fortis, Inc. is a holding company, which engages in the electric and gas utility industry. The company is headquartered in St. Johns, Newfoundland And Labrador and currently employs 9,926 full-time employees. Its regulated utilities include ITC, UNS Energy, Central Hudson, FortisBC Energy Inc., FortisAlberta Inc., FortisBC Inc. and Other electric. The ITC includes Investment Holdings Inc., ITC Holdings Corp. and the electric transmission operations of its regulated operating subsidiaries, which include International Transmission Company, Michigan Electric Transmission Company, LLC, ITC Midwest LLC and ITC Great Plains, LLC. UNS Energy includes UNS Energy Corporation, which primarily includes Tucson Electric Power Company, UNS Electric, Inc. and UNS Gas, Inc. The Central Hudson includes CH Energy Group, Inc., which primarily includes Central Hudson Gas & Electric Corporation. Other Electric include Eastern Canadian and Caribbean utilities, as follows: Newfoundland Power Inc., Maritime Electric Company, Limited, FortisOntario Inc., and others.

Key Statistics of Fortis Inc (FTS.TO)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

CAD75.18CAD77.11

Today's Open

CAD76.90

Volume

1.70M

P/E Ratio (TTM)

21.83

52 Week Range

CAD63.54CAD80.69

Market Cap

39.33B

Avg. Volume

1.62M

Dividend Yield

2.27%

Financial Metrics & Statements of Fortis Inc (FTS.TO)

FAQ's for Fortis Inc (FTS.TO)

According to Musaffa’s Shariah screening methodology, Fortis Inc (FTS.TO) is currently classified as NOT HALAL as of February 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.