EIX
Edison International
Is EIX Halal?
Electric utility — same high-debt concerns as other utilities.
What You Should Know
Edison International's March 31, 2026 filing reports debt/assets of 43.98%, liquidity/assets of 2.69%, receivables plus cash/assets of 2.97% and disclosed interest income/revenue of 1.00%. Electric utility service is generally permissible, but the debt screen, wildfire liabilities, decommissioning trusts and insurance structures remain material concerns.
⚠️ Concerns
- •Debt screen fails at 43.98% of assets
- •Wildfire liabilities and insurance structures
- •Restricted decommissioning trusts require separate review
- •No quantified prohibited-activity numerator
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
41,549 / 94,475
2,544 / 94,475
2,803 / 94,475
41 / 4,103
- Financial
- Fails
- Overall
- Fails
Debt is 43.98% of total assets, above the examined 33.333% limit; liquidity is 2.69%, receivables plus cash are 2.97% and disclosed interest income is 1.00%.
- Financial
- Fails
- Overall
- Fails
Debt is 43.98% of total assets, above the examined 33.33% limit; liquidity and receivables-plus-cash are below their examined limits. This is not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Debt is 43.98% of total assets, above the examined 33% limit; identifiable liquidity is below 33%. This is a calculation against SAC ratios, not an official classification of a U.S.-listed security.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible 24- or 36-month issuer market-cap history is not stored, so market-cap methods are not estimated from a current spot price.
Business-activity disclosure
Edison International owns and operates electric-utility infrastructure through Southern California Edison. Electricity delivery is generally permissible, while wildfire liabilities, insurance arrangements, regulated assets, trust investments and financing structures require qualitative and quantitative review.
Limitation: The filing does not quantify a scholar-specific prohibited-revenue numerator for ancillary, insurance or investment activity; this record is not an official Sharia classification.
Purification
Disclosed SCE interest income is 1.00% of consolidated quarterly operating revenue, but ZakatInvest does not prescribe a fixed scholar-approved purification percentage and the business-activity numerator remains incomplete.
Inputs, assumptions and primary sources
- Interest-bearing debt combines 1,242 of short-term debt, 2,996 of current long-term debt and 37,311 of long-term debt.
- Cash and cash equivalents are 168. Interest-bearing securities use 2,376 of debt securities and other short-term investments; nuclear decommissioning trusts, equity securities and restricted assets are excluded.
- Receivables combine 1,577 of current receivables, 36 of noncurrent receivables and 1,022 of accrued unbilled revenue; quarterly Edison International operating revenue is 4,103.
- The filing reports 41 of SCE interest income within consolidated other income, or 1.00% of quarterly operating revenue. Parent interest income and other is immaterial in the disclosed table.
- No school-specific prohibited-revenue numerator is disclosed; wildfire-related, insurance and regulated-utility structures remain qualitative questions.
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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