DTE
DTE Energy
Is DTE Halal?
Utility company — high debt and interest dependency.
What You Should Know
DTE operates electric and gas utilities in Michigan. Permissible service but conventional high-debt utility model. Its March 2026 Form 10-Q reports $55,108 million of assets, $14,733 million of interest-bearing debt excluding finance leases, $278 million of cash and restricted cash, $761 million of identifiable fixed-income securities and $5,141 million of quarterly revenue. Debt/assets is 26.74%, liquidity/assets is 1.88%, receivables-plus-cash/assets is 4.33%, and disclosed interest income is 0.60%; energy trading and the full prohibited-revenue numerator remain unallocated.
⚠️ Concerns
- •Very high debt
- •Interest-dependent financing
- •Nuclear decommissioning trusts mix debt, equity and alternative investments
- •Energy marketing and trading revenue is not isolated
- •Utility regulation, securitization and finance-lease structures require review
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
14,733 / 55,108
1,039 / 55,108
2,387 / 55,108
31 / 5,141
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 26.74%, liquidity/assets is 1.88%, receivables-plus-cash/assets is 4.33% and interest income/revenue is 0.60%; activity classification remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt, liquidity and receivables-plus-cash ratios are below the examined MSCI total-assets limits; utility and trading activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and identifiable conventional liquidity/assets are below the examined Malaysia limits; this is not an official SAC classification and activity remains incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored.
Business-activity disclosure
DTE provides regulated electric and natural-gas utility service, renewable-energy projects and energy marketing. Utility service is generally permissible, while trading, generation mix, nuclear trusts and financing structures require continuing qualitative review.
Limitation: The filing reports utility and non-utility revenue but does not provide a universal prohibited-revenue numerator for trading, fuel, derivatives or investment activities.
Purification
DTE discloses $31 million of interest income, below the examined income threshold, but ZakatInvest does not prescribe a fixed scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from DTE Energy's March 31, 2026 Form 10-Q.
- Interest-bearing debt is $14.733 billion of debt due within one year and long-term debt, excluding finance-lease obligations; no short-term borrowings were outstanding at March 31, 2026.
- Cash includes $238 million of cash and equivalents plus $40 million of restricted cash. Interest-bearing securities use the disclosed $761 million of fixed-income securities in nuclear decommissioning trusts; equity, private-equity and hedge-fund holdings are excluded.
- Accounts receivable combines customer accounts of $1.916 billion and other accounts of $193 million.
- Quarterly operating revenue is $5.141 billion and disclosed interest income is $31 million.
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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