Is DEWA (DEWA) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 27.1% / 30% | 12.0% / 30% | 2.4% / 30% | 1.22% / 5% | ✓ HALAL |
| DJIM | 27.1% / 33% | 12.0% / 33% | 2.4% / 33% | 1.22% / 5% | ✓ HALAL |
| MSCI | 19.8% / 33% | 8.7% / 33% | 1.8% / 33% | 1.22% / 5% | ✓ HALAL |
| S&P | 27.1% / 33% | 12.0% / 33% | 2.4% / 33% | 1.22% / 5% | ✓ HALAL |
| FTSE | 19.8% / 33% | 8.7% / 33% | 1.8% / 50% | 1.22% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 38.9% | |
| Operating Margin | 23.5% | |
| Net Margin | 25.4% | |
| Return on Equity (ROE) | 9.4% | |
| Return on Assets (ROA) | 3.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $21.9B |
| Free Cash Flow | $11.2B |
| Total Debt | $38.6B |
| Debt-to-Equity | 39.6 |
| Current Ratio | 0.9 |
| Total Assets | $195.1B |
Price & Trading
| Last Close | AED 2.64 |
| 50-Day MA | AED 2.95 |
| 200-Day MA | AED 2.81 |
| Avg Volume | 10.4M |
| Beta | 0.2 |
|
52-Week Range
AED 2.20
| |
About DEWA (DEWA)
Dubai Electricity and Water Authority (PJSC) generates, transmits, and distributes electricity for residential, commercial, industrial, and government customers primarily in Dubai. The company operates through four segments: DEWA, EMPOWER, IWPP, and Others. It is involved in the water desalination, transmission, and distribution business; provision of district cooling; maintenance of central cooling plants; manufacture and sale of insulated pipes; development, operation, and maintenance of power and water plants under the independent water and power producer (IWPP) model; and purification and sale of potable water. The company also provides information technology and infrastructure, networking, computer system housing, and data entry services; investment and management services for commercial, industrial, retail trade, and energy enterprises; communication equipment, software design, data classification and analysis, and data centre co-location services; information technology network services; air conditioning, ventilation, and air filtration system installation and maintenance services; project development consultant services; and parking management electronic systems installation and maintenance services. In addition, it implements energy efficiency measures in buildings; and manages and operates satellite. Further, the company provides satellite; wired and wireless communication system installation; energy projects engineering consultancy and carbon control systems trading; solar energy systems rental and installation; and space situational tracking, monitoring, awareness services, as well as invest and manage commercial, industrial, retail trade, real estate, healthcare, agricultural and educational enterprises. Dubai Electricity and Water Authority (PJSC) was founded in 1959 and is headquartered in Dubai, the United Arab Emirates.
Purification Calculator
As a halal stock with 1.22% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is DEWA (DEWA) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), DEWA is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is DEWA's debt ratio?
DEWA's debt ratio is 27.1% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 19.8%.
Does DEWA require dividend purification?
Yes, DEWA has an impermissible income ratio of 1.22%, which means 1.22% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are DEWA's key financial metrics?
DEWA has a market capitalization of $132.5B, trailing P/E ratio of 15.6, and revenue of $32.8B. The company maintains a gross margin of 38.9% and a net margin of 25.4%. Return on equity stands at 9.4%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.