ETR
Entergy Corp.
Is ETR Halal?
Electric utility — permissible service but high leverage and investment income require review.
What You Should Know
Entergy's March 31, 2026 filing reports debt/assets of 44.93%, liquidity/assets of 4.71% and receivables plus cash/assets of 6.60%; disclosed interest and investment income is 6.77% of quarterly revenue. Electric and nuclear utility operations remain generally permissible, while nuclear trusts, fuel, wholesale contracts, environmental obligations and financing structures require qualitative review.
⚠️ Concerns
- •Debt screen fails at 44.93% of assets
- •Disclosed interest and investment income is 6.77% of revenue
- •Nuclear generation and decommissioning trusts
- •No universal prohibited-revenue numerator
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
34,058.443 / 75,804.14
3,571.053 / 75,804.14
5,003.206 / 75,804.14
215.81 / 3,187.626
- Financial
- Fails
- Overall
- Fails
Debt is 44.93% of total assets, above the examined 33.333% limit; liquidity is 4.71%, receivables plus cash are 6.60% and disclosed interest and investment income is 6.77% of revenue.
- Financial
- Fails
- Overall
- Fails
Debt is 44.93% of total assets, above the examined 33.33% limit; liquidity and receivables-plus-cash are below the examined total-assets limits. This is not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Debt is 44.93% 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
Entergy operates regulated electric utilities and generation, including nuclear and gas-fired assets, alongside transmission and fuel-related activities. Utility service is generally permissible, while nuclear, fuel, wholesale contracts, decommissioning trusts, regulatory recovery and financing structures require qualitative review.
Limitation: The disclosed interest-and-investment-income line includes trust and investment activity and is not a universal prohibited-revenue numerator; customer and generation activity are not allocated by a single Sharia taxonomy.
Purification
Entergy discloses $215.810 million of interest and investment income, but the line includes trust-related investment activity and no scholar-approved purification percentage is prescribed; no fixed amount is asserted.
Inputs, assumptions and primary sources
- Amounts are USD millions converted from Entergy's March 31, 2026 Form 10-Q, which reports balance-sheet amounts in thousands.
- Interest-bearing debt includes $1,525.174 million of currently maturing long-term debt, $1,382.354 million of notes payable and commercial paper, and $31,150.915 million of noncurrent long-term debt; finance leases are excluded where not separately classified as debt.
- Cash and temporary cash investments are $3,571.053 million; $6,155.164 million of decommissioning trust funds and $311.550 million of storm-reserve escrow accounts are restricted and excluded. The filing's $2,410 million of debt securities is held in decommissioning trusts and is not added as unrestricted securities.
- Accounts receivable totals $1,432.153 million and first-quarter operating revenue is $3,187.626 million.
- Entergy discloses $215.810 million of interest and investment income, including trust-related investment activity; it is used as a conservative disclosed income-screen numerator, not as a fixed purification prescription.
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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