No. As of October 2026, Manila Electric Co (MER.PM) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Manila Electric Co does not pass Musaffa's business and financial screening criteria.
Manila Electric Co. engages in the generation and distribution of electricity. The company employs 6,175 full-time employees Its segments include Power and Other Services. The Power segment consists of electricity distribution, power generation and retail electricity supply (RES). The Other Services segment is involved principally in electricity-related services, such as electro-mechanical engineering, construction, consulting and related manpower services, e-transaction and bills collection, telecommunications services, rail-related operations and maintenance services, insurance and re-insurance, e-business development, power distribution management, energy systems management and harnessing renewable energy and electric vehicle and charging infrastructure solutions. Electricity distribution includes electricity distribution and supply of power on a pass-through basis covering all captive customers of the Company, Clark Electric Distribution Corporation and Shin Clark Power Corporation.
Manila Electric Co MER.PM
Last Updated: Oct 09, 12:00 AM·PSE
MER.PM Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Manila Electric Co is classified as not halal.
Philippines Utilities Mid Cap