Is HASI halal?
HA Sustainable Infrastructure C
Not halal
HA Sustainable Infrastructure C did not pass AAOIFI screening. The failed check is shown below.
Checked: 12 October 2026
Exchange
NYSE
Price
36.49
Day
+0.39%
Market cap
$4.69B
Industry
Asset Management
Sector
Financial Services
What the company does
HA Sustainable Infrastructure invests in and lends to renewable-energy and energy-efficiency projects. Revenue comes from interest and project income.
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
Prohibited activity: Asset Management
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $5.42B ÷ 36-month average market cap $3.75B = 144.5%
144.5%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $576.01M ÷ 36-month average market cap $3.75B = 15.3%
15.3%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $286.36M ÷ annual revenue $400.50M (2025) = 71.5%
71.5%
Fail
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. Today's market cap: $4.69B.
For information (AAOIFI 3/1 note): cash + receivables are 41.7% 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?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
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.