Shariah compliance overview
Not HalalAlgonquin 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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Company Profile
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Frequently asked questions
Quick answers about Algonquin Power & Utilities Corp. (AQN). Current Akinda screening label: Not Halal.
