Is EDN halal?
Empresa Distribuidora Y Comerci
Not halal
Empresa Distribuidora Y Comerci did not pass AAOIFI screening. The failed check is shown below.
Checked: 13 October 2026
Exchange
NYSE
Price
20.66
Day
-0.05%
Market cap
$973.8M
Industry
Utilities - Regulated Electric
Sector
Utilities
What the company does
Edenor (Argentina) distributes electricity to over 3 million customers in the north-west of greater Buenos Aires. Revenue is regulated power tariffs.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $1.19B ÷ current market cap $973.84M = 122.6%
122.6%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $927.45M ÷ current market cap $973.84M = 95.2%
95.2%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $1.24M ÷ annual revenue $2.09B (2025) = 0.1%
0.1%
Pass
Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict.
For information (AAOIFI 3/1 note): cash + receivables are 26.3% of total assets (2026-06-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
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Halal is the first question. The second: when to enter?
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This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.