The Short Answer
PEG is doubtful under the current consolidated screen. Electricity, gas distribution and nuclear generation are generally permissible activities, but March 2026 debt/assets is 39.11%, above the examined asset-based limits.
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-13.
22,665 / 57,945
404 / 57,945
2,471 / 57,945
10 / 3,848
- Financial
- Fails
- Overall
- Fails
Debt/assets is 39.11%, above the examined 33.333% limit; liquidity/assets is 0.70%, receivables plus cash/assets is 4.27% and interest income/revenue is 0.26%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 39.11%, above the examined MSCI 33.33% limit; other identified ratios are below their limits.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 39.11%, above the examined Malaysia SAC 33% limit.
- Financial
- Not calculated
- Overall
- Incomplete
No licensed historical market-cap series is stored.
Business-activity disclosure
PSEG owns a regulated electric and natural-gas utility and nuclear-generation assets. Electricity and utility services are generally permissible, but the capital structure is heavily debt-funded and methodology-specific utility treatment varies.
Limitation: The filing quantifies interest income but does not provide a universal prohibited-revenue numerator for utility activities.
Purification
The filing reports $10 million of interest income; ZakatInvest shows it as disclosed income but does not prescribe a scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from the March 31, 2026 Form 10-Q.
- Long-term debt is $22,665 million in the filing's consolidated debt table; cash is $404 million and accounts receivable is $2,067 million.
- Quarterly operating revenue is $3,848 million and interest income is $10 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.
Business activity
PSEG owns PSE&G and PSEG Power. The filing reports $22,665 million of long-term debt against $57,945 million of assets. Interest income is disclosed, but purification is not assigned a fixed percentage here.
Bottom line
PEG is doubtful for the current screen because leverage fails the named asset tests. A school or board using a different denominator may reach a different result.