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Shariah compliance overview

Not Halal

HICL Infrastructure PLC (HICL.L) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About HICL Infrastructure PLC

HICL Infrastructure PLC utilizes a two-pronged investment approach, focusing on both direct equity stakes in infrastructure projects and capital allocations to other infrastructure funds. Regarding its direct investments, the company seeks out opportunities within the infrastructure domain.

HICL Infrastructure PLC (HICL.L) operates in the Financial Services sector, in the Asset Management industry.

Why it is not classified as halal: it does not pass these screens: Business Activity.

Business Activity
53.65%Limit 5%Fail
Interest-bearing debt
0.00%Limit 30%Pass
Interest-bearing securities and assets
0.03%Limit 30%Pass
Dividend purification
53.58%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 HICL Infrastructure PLC (HICL.L). Current Akinda screening label: Not Halal.