Is HAWAIIAN ELECTRIC INDUSTRIES INC (HE) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 129.3% / 30% | 29.1% / 30% | 17.8% / 30% | 0.6% / 5% | ✗ NOT HALAL |
| DJIM | 129.3% / 33% | 29.1% / 33% | 17.8% / 33% | 0.6% / 5% | ✗ NOT HALAL |
| MSCI | 37.3% / 33% | 8.4% / 33% | 5.1% / 33% | 0.6% / 5% | ✗ NOT HALAL |
| S&P | 129.3% / 33% | 29.1% / 33% | 17.8% / 33% | 0.6% / 5% | ✗ NOT HALAL |
| FTSE | 37.3% / 33% | 8.4% / 33% | 5.1% / 50% | 0.6% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 19.0% | |
| Operating Margin | 8.4% | |
| Net Margin | 4.0% | |
| Return on Equity (ROE) | 7.9% | |
| Return on Assets (ROA) | 1.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $391M |
| Free Cash Flow | $50M |
| Total Debt | $3.0B |
| Debt-to-Equity | 186.1 |
| Current Ratio | 1.3 |
| Total Assets | $8.9B |
Price & Trading
| Last Close | $14.98 |
| 50-Day MA | $15.40 |
| 200-Day MA | $12.50 |
| Avg Volume | 3.2M |
| Beta | 0.6 |
|
52-Week Range
$9.06
| |
About HAWAIIAN ELECTRIC INDUSTRIES INC (HE)
Hawaiian Electric Industries, Inc. together with its subsidiaries, engages in the electric utility business. The company engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu; Hawaii; and Maui, Lanai, and Molokai; and renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. It also invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. In addition, the company serves suburban communities, resorts, the United States Armed Forces installations, and agricultural operations. Hawaiian Electric Industries, Inc. was founded in 1891 and is headquartered in Honolulu, Hawaii.
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Frequently Asked Questions
Is HAWAIIAN ELECTRIC INDUSTRIES INC (HE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), HAWAIIAN ELECTRIC INDUSTRIES INC is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is HAWAIIAN ELECTRIC INDUSTRIES INC's debt ratio?
HAWAIIAN ELECTRIC INDUSTRIES INC's debt ratio is 129.3% 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 37.3%.
What are HAWAIIAN ELECTRIC INDUSTRIES INC's key financial metrics?
HAWAIIAN ELECTRIC INDUSTRIES INC has a market capitalization of $2.5B, trailing P/E ratio of 20.7, and revenue of $3.1B. The company maintains a gross margin of 19.0% and a net margin of 4.0%. Return on equity stands at 7.9%.
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.