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Shariah compliance overview

Not Halal

Algonquin Power & Utilities Corp. (AQN) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About Algonquin Power & Utilities Corp.

Algonquin Power & Utilities Corp. operates in the power and utility industries. It owns and operates a portfolio of regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.

Algonquin Power & Utilities Corp. (AQN) operates in the Utilities sector, in the Diversified Utilities industry.

Why it is not classified as halal: it does not pass these screens: Business Activity, Interest-bearing debt.

Business Activity
5.27%Limit 5%Fail
Interest-bearing debt
153.52%Limit 30%Fail
Interest-bearing securities and assets
0.77%Limit 30%Pass
Dividend purification
3.54%Share of dividends to give to charityPurification calculator

Last updated: Nov 3, 2026 · Screening is informational and not a fatwa. Consult a qualified scholar for personal guidance.

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Frequently asked questions

Quick answers about Algonquin Power & Utilities Corp. (AQN). Current Akinda screening label: Not Halal.