CNP
CenterPoint Energy, Inc.
Is CNP Halal?
Regulated electric and gas utility — a permissible activity, but heavy interest-bearing debt usually pushes the leverage screen above the threshold.
What You Should Know
CenterPoint Energy, Inc. is a regulated electric and natural-gas utility. Its March 31, 2026 Form 10-Q reports assets of $47,837 million, interest-bearing debt of $24,683 million, cash of $639 million, marketable securities of $555 million and receivables of $1,306 million. Debt/assets is 51.60%, liquidity/assets is 2.50% and receivables-plus-cash/assets is 4.07%; the debt screen fails across the examined asset-based methods. Net interest income/expense of $3 million is disclosed (0.10% of quarterly revenue).
⚠️ Concerns
- •Debt/assets is 51.60%, above examined 33% limits
- •Capital-intensive utility financing is the decisive concern
- •Receivables and liquidity are low relative to total assets
- •Net interest income/expense of $3 million is disclosed; no fixed purification percentage is asserted
- •Re-screen before each purchase because leverage can change
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
24,683 / 47,837
1,194 / 47,837
1,945 / 47,837
3 / 2,975
- Financial
- Fails
- Overall
- Fails
Debt/assets is 51.60%, above the examined 33.333% limit; the utility activity is generally permissible but the financing screen fails.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 51.60%, above the examined MSCI limit; the asset-based screen fails.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 51.60%, above the examined Malaysia limit; this is not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A properly licensed and reproducible historical market-cap series is not stored; the debt screen already fails.
Business-activity disclosure
CenterPoint is a regulated electric and natural-gas utility. Supplying electricity and gas is generally permissible, while its capital structure relies heavily on interest-bearing utility debt.
Limitation: The filing does not allocate revenue by end use or provide a universal prohibited-revenue numerator.
Purification
Net interest income/expense of $3 million is disclosed, but no scholar-approved purification percentage is asserted.
Inputs, assumptions and primary sources
- Amounts are USD millions from CenterPoint Energy's March 31, 2026 Form 10-Q.
- Debt combines transition and system-restoration bonds, current other long-term debt and noncurrent long-term debt; reported debt securities and ZENS are treated as debt-related financing where applicable.
- Cash excludes $17 million of restricted cash; current marketable securities of $555 million are shown separately.
- Receivables combine accounts receivable of $872 million, unbilled revenues of $408 million and income-tax receivables of $26 million.
- Net interest income/expense of $3 million is disclosed (0.10% of quarterly revenue); no fixed purification percentage is asserted.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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