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Is SNAM S.P.A. stock halal?
Thresholds exceeded under all standards, and the strict view excludes it.
This verdict follows the median view, that of AAOIFI Standard No. 21. It is based on the financial statements for the fiscal year ended 12/31/2024.
The ratios
| Criterion | Measure | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 51.3% of total assets | 30% | threshold exceeded |
| Interest-bearing investments | 6% of total assets | 30% | within threshold |
| Impermissible income | not published | 5% | to be verified |
Standard: Total assets, 30% threshold.
The three views
- Median view, our reference : the company is excluded.
- Strictest view : the company is excluded, because it borrows or invests at interest.
- Most lenient view : the company is excluded.
Business activity
Transport, regazéification et stockage de gaz dans un cadre réglementé
Financial statements read
Fiscal year ended 12/31/2024, in millions of euros. Source: Annual report of SNAM S.P.A. (ESEF format), fiscal year ended 2024-12-31.
What could not be verified
- Market capitalization: missing from the filed financial statements, so the AAOIFI ratio is not computed; tolerance is assessed on total assets.
- Interest received: amount not isolated in the filed financial statements.
- Financial statements for the fiscal year ended 12/31/2024: the next annual report was not in the database on the day of reading.
- Activity classified automatically from the "nature of activities" note of the annual report, without human review: to be confirmed.
- Figures read automatically and not reviewed by a human.
In the same sector
- NEXTERA ENERGY INC Prohibited
- SOUTHERN CO Prohibited
- Constellation Energy Corp Questionable
- Duke Energy CORP Prohibited
- WILLIAMS COMPANIES, INC. Prohibited
- WASTE MANAGEMENT INC Questionable
- ENTERPRISE PRODUCTS PARTNERS L.P. Prohibited
- Energy Transfer LP Prohibited
Compliance comparison only: no opinion on the value of these securities.
General information: neither investment advice nor a fatwa. Verdict calculated by published rules, from financial statements read automatically and not reviewed by a human. Read the methodology