Is LNT halal?
Alliant Energy Corporation
Not halal
Alliant Energy Corporation did not pass AAOIFI screening. The failed check is shown below.
Checked: 13 October 2026
Exchange
NASDAQ
Price
68.32
Day
+1.82%
Market cap
$17.23B
Industry
Utilities - Regulated Electric
Sector
Utilities
What the company does
Alliant Energy is the electric and gas utility in Iowa and Wisconsin with about 1 million electric customers. Revenue is regulated rates.
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 $11.84B ÷ 36-month average market cap $15.45B = 76.7%
76.7%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $115.00M ÷ 36-month average market cap $15.45B = 0.7%
0.7%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $21.00M ÷ annual revenue $3.98B (2024) = 0.5%
0.5%
Pass
Figures from the company's filings (2026-03-31), 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: $17.23B.
For information (AAOIFI 3/1 note): cash + receivables are 2.5% of total assets (2026-03-31). 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
- 0.03% weight · #409 of 503
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $76.29
- Mairs & Power Funds$202.8M1.9%
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- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
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.