MGEENasdaq

Is MGE Energy Inc halal to invest in?

Utilities

$70.39Delayed

-0.28%

Verdict

Not compliant

Interest-bearing debt is 35% of market cap, above AAOIFI's 30% limit.

AAOIFI Shari'ah Standard No. 21 · screened 8 Oct 2026

The three AAOIFI tests

Each bar shows the figure against its limit; the line marks the limit.

Interest-bearing debt

Fails

35%of market cap

0%limit 30%

Filed financial statements

Cash & interest-bearing assets

Pass

0.4%of market cap

0%limit 30%

Filed financial statements

Impermissible income

No figure

—of revenue

0%limit 5%

No current twelve-month interest-income figure in the company's filings.

Business activity

No prohibited activity (alcohol, gambling, tobacco, conventional finance, pork, adult content) found in the sector, SEC industry or company name.

Pass

NON COMPLIANT

Screened under AAOIFI Shari'ah Standard No. 21

Business Activity Screening

StatusPassed

Halal Revenue100%

Minimum 95% required

Financial Ratio Screening

Interest-bearing debt / Market CapFILED35.4%

Limit 30% · Filed financial statements

Impermissible income / RevenueHISTORICAL—

This figure was last disclosed in an earlier period. A previous year's figure isn't a sound basis for a current ruling, so it is shown for context only. · Limit 5%

Cash & interest-bearing assets / Market CapFILED0.4%

Limit 30% · Filed financial statements

Receivables / Market Cap(not part of AAOIFI)FILED2.2%

Reference only · Filed financial statements

Dividend Purification

Purification Ratio

0.00%

Per $100 dividend received,

donate $0.00 to charity

This ratio represents the portion of dividends derived from non-permissible income that should be purified through charitable donation.

Disclaimer

This Shariah screening is based on publicly available financial data and AAOIFI standards. For investment decisions, please consult with a qualified Shariah scholar or your financial advisor. Screening results may vary based on data availability and interpretation.

Last updated: 8 Oct 2026

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