SRE
Sempra Energy
Is SRE Halal?
Utility — permissible energy delivery with high debt.
What You Should Know
Sempra's March 31, 2026 filing reports debt/assets of 30.44%, liquidity/assets of 0.70%, receivables plus cash/assets of 2.32% and disclosed interest income/revenue of 1.09%; the examined financial ratios pass, but the result is methodology-dependent because LNG, infrastructure, regulated assets and activity revenue require qualitative review.
⚠️ Concerns
- •Debt is near the examined 33% thresholds
- •LNG and energy-infrastructure activities
- •Nuclear-decommissioning and disposal-group assets excluded from liquidity
- •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.
34,555 / 113,518
794 / 113,518
2,635 / 113,518
40 / 3,655
- Financial
- Pass
- Overall
- Incomplete
Debt is 30.44%, liquidity is 0.70%, receivables plus cash are 2.32% and disclosed interest income is 1.09%, below the examined limits; business activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt, liquidity and receivables-plus-cash are 30.44%, 0.70% and 2.32%, below the examined 33.33% total-assets limits; this is not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Debt and identifiable liquidity are 30.44% and 0.70%, below the examined 33% limits; this is a calculation against SAC ratios, not an official classification.
- 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
Sempra provides gas and electric utility services and infrastructure, generally permissible in principle. LNG and energy-infrastructure projects, regulated assets, disposal groups and financing arrangements require qualitative review, and the filing does not provide a reproducible prohibited-activity numerator.
Limitation: The filing does not quantify a scholar-specific prohibited-revenue numerator for LNG, energy-related businesses, financing or utility activities; this result is methodology-dependent rather than an official Sharia classification.
Purification
Disclosed interest income is 1.09% of quarterly 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 3,708 of short-term debt, 1,878 of current long-term debt and 30,847 of long-term debt and finance leases.
- Cash and cash equivalents are 794. Nuclear-decommissioning trust debt securities and other restricted or held-for-sale instruments are excluded from unrestricted interest-bearing securities.
- Receivables combine 1,604 of trade receivables, 203 of other receivables and 34 due from unconsolidated affiliates; quarterly consolidated revenue is 3,655.
- The filing reports 40 of consolidated interest income, or 1.09% of quarterly revenue. No school-specific prohibited-revenue numerator is disclosed.
- Assets held for sale, regulatory assets and trust assets are not treated as unrestricted liquidity.
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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