Shariah compliance overview
Not HalalCompanhia Energética de Minas Gerais (CIG) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).
About Companhia Energética de Minas Gerais
Companhia Energética de Minas Gerais (CIG) is a prominent Brazilian energy company whose operations, conducted through its various subsidiaries, span the entire electricity value chain: generation, transmission, distribution, and retail.
Companhia Energética de Minas Gerais (CIG) operates in the Utilities sector, in the Regulated Electric industry.
Why it is not classified as halal: it does not pass these screens: Interest-bearing debt.
- Business Activity
- 1.00%Limit 5%Pass
- Interest-bearing debt
- 65.01%Limit 30%Fail
- Interest-bearing securities and assets
- 8.85%Limit 30%Pass
- Dividend purification
- 1.00%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 Companhia Energética de Minas Gerais (CIG). Current Akinda screening label: Not Halal.
