Fortis Inc FTS
$54.90 $1.34 (2.38%) 1D
Last Updated: Aug 21, 12:00 AM·NYSE
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FTS Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Fortis Inc is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Fortis Inc. Stock Analysis FTS
United States Utilities Large Cap 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.
Fortis Inc (FTS) Chart
Financial Metrics & Statements of Fortis Inc (FTS)
FAQ's for Fortis Inc (FTS)
- As of August 2026, Fortis Inc FTS is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- 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.
- 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.
- 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.
- The Shariah compliance status of Fortis Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- 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.
- 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.
Alternate Halal Stocks for Fortis Inc (FTS)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
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