Is Alliant Energy (LNT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 65.9% / 30% | 3.0% / 30% | 1.9% / 30% | 2.8% / 5% | ✗ NOT HALAL |
| DJIM | 65.9% / 33% | 3.0% / 33% | 1.9% / 33% | 2.8% / 5% | ✗ NOT HALAL |
| MSCI | 48.5% / 33% | 2.2% / 33% | 1.4% / 33% | 2.8% / 5% | ✗ NOT HALAL |
| S&P | 65.9% / 33% | 3.0% / 33% | 1.9% / 33% | 2.8% / 5% | ✗ NOT HALAL |
| FTSE | 48.5% / 33% | 2.2% / 33% | 1.4% / 50% | 2.8% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 45.7% | |
| Operating Margin | 16.7% | |
| Net Margin | 18.6% | |
| Return on Equity (ROE) | 11.3% | |
| Return on Assets (ROA) | 2.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $1.2B |
| Free Cash Flow | $1.2B |
| Total Debt | $12.1B |
| Debt-to-Equity | 168.1 |
| Current Ratio | 0.8 |
| Total Assets | $25.0B |
Price & Trading
| Last Close | $70.26 |
| 50-Day MA | $69.52 |
| 200-Day MA | $66.36 |
| Avg Volume | 2.6M |
| Beta | 0.6 |
|
52-Week Range
$57.09
| |
About Alliant Energy (LNT)
Alliant Energy Corporation operates as a utility holding company that provides regulated electric and natural gas services in the United States. It operates through IPL and WPL segments. The company's IPL segment engages primarily in the generation and distribution of electricity and the distribution and transportation of natural gas to retail customers in select markets in Iowa. This segment also sells electricity to wholesale customers in Minnesota, Illinois and Iowa; and generates and distributes steam for two customers in Cedar Rapids, Iowa. Its WPL segment generates and distributes electricity, and distributes and transports natural gas to retail customers in select markets in Wisconsin; and sells electricity to wholesale customers in Wisconsin. It serves retail customers in the farming, agriculture, industrial manufacturing, chemical, packaging, and food industries, as well as wholesale customers comprising municipalities and rural electric cooperatives. In addition, the company owns and operates a short-line rail freight service in Iowa; a Mississippi River barge, rail, and truck freight terminal in Illinois; freight brokerage services; wind turbine blade recycling services; and a rail-served warehouse in Iowa. Further, it holds interests in a natural gas-fired electric generating unit near Sheboygan Falls, Wisconsin; and a wind farm located in Oklahoma. The company was formerly known as Interstate Energy Corp. and changed its name to Alliant Energy Corporation in May 1999. Alliant Energy Corporation is headquartered in Madison, Wisconsin.
Related Halal Stocks in Utilities
Frequently Asked Questions
Is Alliant Energy (LNT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Alliant Energy 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 Alliant Energy's debt ratio?
Alliant Energy's debt ratio is 65.9% 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 48.5%.
What are Alliant Energy's key financial metrics?
Alliant Energy has a market capitalization of $18.1B, trailing P/E ratio of 22.5, and revenue of $4.4B. The company maintains a gross margin of 45.7% and a net margin of 18.6%. Return on equity stands at 11.3%.
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.