The short answer
GE Vernova (GEV) is generally halal as a core energy-infrastructure business, with a methodology-dependent current screen. Its Power, Electrification and Wind segments provide equipment and services for generating, transmitting and managing electricity. The March 2026 filing shows that the known debt, liquidity and receivables ratios pass the examined total-assets limits, but gross interest income and a screened prohibited-revenue numerator are not separately disclosed.
This is a reproducible research screen, not a fatwa or investment recommendation. Scholars and screening providers can differ on denominator choice, restricted cash, nuclear and dual-use activity, Financial Services investments and the treatment of net financial income.
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-13.
2,914 / 75,612
10,172 / 75,612
19,740 / 75,612
- Financial
- Incomplete
- Overall
- Incomplete
Debt is 3.85%, identifiable liquidity is 13.45% and receivables plus cash are 26.10%, all below the examined FTSE limits. Gross interest income is not separately disclosed, so the income screen remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt, identifiable liquidity and receivables plus cash pass the examined total-assets limits. The business-activity and gross-income evidence remains incomplete; this is not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Debt is 3.85% and identifiable conventional liquidity is 13.45%, below the examined 33% limits. This is a calculation against SAC ratios, not an official SAC classification of a U.S.-listed security; screened business revenue remains unavailable.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible historical market-cap series is not stored, so these methods are not estimated from a current spot price.
Business-activity disclosure
GE Vernova designs, manufactures and services energy infrastructure through Power, Electrification and Wind. Its disclosed activities include gas, nuclear and hydro technologies; transmission, grid integration, power conversion, storage and grid software; and onshore and offshore wind turbines and blades. Energy equipment and services are generally permissible industrial activities, while specific technology, customer and end-use questions require separate evidence.
Limitation: The Form 10-Q reports segment and business-unit revenue but does not allocate a reproducible prohibited-revenue numerator for nuclear activity, government or defense end use, Financial Services investments, customer purpose or other categories a chosen Sharia screen may treat differently.
Purification
GE Vernova reports net interest and other financial income (charges) of 28, but the line combines fees, borrowing costs, cash-management items and interest earned on cash and short-term investments. Gross interest income and screened operating revenue are not separately disclosed, so this record does not prescribe a fixed purification amount.
Inputs, assumptions and primary sources
- Interest-bearing debt uses gross borrowings of 2,914 before the reported 56 unamortized discount and issuance-cost deduction: 2,600 of senior-note principal plus 314 of other borrowings and finance leases.
- Cash and cash equivalents use the reported cash, cash equivalents and restricted cash balance of 10,172. The filing identifies 0.4 billion as restricted-use cash and does not separately report a marketable-securities balance, so interest-bearing securities are set to zero rather than inferred.
- Receivables use total current receivables of 9,568, including customer receivables, tax receivables, supplier advances and other receivables, net of the reported allowance.
- Revenue uses total revenue of 9,339 for the three months ended March 31, 2026. The filing reports Power revenue of 4,971, Electrification revenue of 2,959, Wind revenue of 1,432 and eliminations and other of negative 25.
- The filing reports interest and other financial income (charges), net of 28, and says the line includes fees on cash management, interest on borrowings and interest earned on cash balances and short-term investments. Gross interest income is not separately disclosed, so no gross non-compliant-income numerator is inferred.
- GE Vernova reports energy-equipment and services segments, but public disclosure does not provide a reproducible prohibited-revenue numerator by nuclear, government, defense, customer end use, Financial Services activity or other screened category.
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.
Current quantitative screen
The calculations above use GE Vernova's official filing (Form 10-Q for the quarter ended March 31, 2026). Amounts are in USD millions and use total assets as the denominator so the inputs can be reproduced from the filing.
- Interest-bearing debt / assets: 3.85%, using gross borrowings of $2.914 billion before the reported unamortized discount and issuance-cost deduction.
- Cash plus interest-bearing securities / assets: 13.45%, using $10.172 billion of cash, cash equivalents and restricted cash. The filing does not separately report a marketable-securities balance.
- Receivables plus cash / assets: 26.10%, using $9.568 billion of total current receivables and the reported cash balance.
- Gross interest income: not separately disclosed. The filing reports $28 million of net interest and other financial income (charges), a combined line that includes fees, borrowing costs and interest earned on cash and short-term investments.
Under the reproduced FTSE Yasaar calculation, the known ratios pass but the income input remains incomplete. The MSCI total-assets and Malaysia SAC financial-ratio calculations pass their known financial checks, while the business-activity result remains incomplete. Market-cap-denominator methods are not calculated because this site does not store a licensed, reproducible historical market-cap series for the filing date.
What GE Vernova does
GE Vernova is an energy-equipment and services company organized into Power, Electrification and Wind. Its first-quarter 2026 filing reports $4.971 billion of Power revenue, $2.959 billion of Electrification revenue and $1.432 billion of Wind revenue, offset by $25 million of eliminations and other items, for $9.339 billion of total revenue.
Power includes gas, nuclear and hydro technologies. Electrification includes transmission, grid integration, power conversion and storage, and grid automation and software. Wind includes onshore and offshore turbines and blades. These are generally permissible industrial activities, but the filing cannot resolve every customer, technology, environmental or end-use question.
Qualitative considerations
- Nuclear and energy impacts: nuclear generation and services can raise individual ethical or Sharia questions, while the filing also describes nuclear decommissioning, environmental remediation, hazardous-material and worker-exposure obligations. These concerns should not be collapsed into an invented revenue percentage.
- Financial Services and investments: GE Vernova still describes a Financial Services business and investment commitments. The net financial-income line does not isolate gross interest income or Financial Services revenue, so no fixed purification rate is prescribed.
- Dual-use and government end use: energy equipment can support civilian infrastructure and, in some cases, government or military facilities. The filing does not provide a defense or military-revenue numerator; contract-level evidence would be needed before drawing a stronger conclusion.
- Prolec GE acquisition: the company acquired the remaining 50% of Prolec GE for approximately $5.3 billion in February 2026 and issued $2.6 billion of senior notes. That materially changed the balance sheet and warrants monitoring in subsequent filings.
- Legacy GE and stewardship issues: separation liabilities, nuclear decommissioning, emissions, supply-chain and tariff exposure, product safety, labor conditions and impacts on communities remain relevant investor questions even when they are not direct ratio inputs.
How the methodologies differ
Under FTSE Yasaar, debt, liquidity and receivables plus cash are below the examined limits, but the income test is incomplete because gross interest income is unavailable. Under the MSCI total-assets calculation, the known financial ratios pass. Under the Malaysia SAC financial-ratio calculation, debt and identifiable conventional liquidity also pass. All three business screens remain incomplete because public reporting does not provide a reproducible prohibited-revenue allocation. These are calculations against named methods, not official index-membership claims or a universal scholarly ruling.
Bottom line
GEV is presented as generally halal for its core energy-infrastructure activity, with a methodology-dependent current screen. The main unresolved items are the absence of gross interest-income and prohibited-revenue numerators, plus the treatment of nuclear, Financial Services and dual-use customer activity.
If you are considering GEV, compare this evidence with the methodology and scholar you follow, monitor the next filing and avoid relying on the old claim that all financial screens pass or on a fixed 1–2% purification instruction that the current disclosure cannot reproduce.
The known total-assets ratios pass, while gross interest income and screened end-use revenue are not separately disclosed.
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