What is Consumers Energy Company's Shariah compliance score?

Consumers Energy Company's (CMS-PB) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Consumers Energy Company pass AAOIFI screening?

Consumers Energy Company (CMS-PB) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (CMS-PB: 83.4%), (3) interest-bearing deposits below 30% (CMS-PB: 2.7%), and (4) prohibited income below 5% (CMS-PB: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Consumers Energy Company stock?

Consumers Energy Company (CMS-PB) has a non-permissible income ratio of 0.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from CMS-PB shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Consumers Energy Company for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Consumers Energy Company (CMS-PB) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about CMS-PB's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Consumers Energy Company (CMS-PB) halal? Not Halal. Based on AAOIFI screening, Consumers Energy Company passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

CMS-PB: Is Consumers Energy Company Halal?

Not Halal

Consumers Energy Company

NYSEUtilitiesUS

$77.99

-0.03%

AvoidBorderlineClean

About Consumers Energy Company

Consumers Energy Company operates as an electric and gas utility in Michigan. The company operates in three segments, Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 208 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,428 miles of high-voltage distribution overhead lines; 19 miles of high-voltage distribution underground lines; 82,474 miles of electric distribution overhead lines; 9,395 miles of underground distribution lines; 1,093 substations with an aggregate transformer capacity of 26 million; and three battery facilities with a storage capacity of 2 MWh. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,392 miles of transmission lines; 15 gas storage fields; 28,065 miles of distribution mains; and 8 compressor stations with a total of 149,817 installed and available horsepower. It serves residential, commercial, and diversified industrial customers. The company was founded in 1886 and is based in Jackson, Michigan. Consumers Energy Company is a subsidiary of CMS Energy Corporation.

Sector: Utilities · Industry: Regulated Electric

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 17, 2026

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap83.4% / 30.0%

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 17, 2026Fiscal: FY 2025Source: FMP

Financial Overview

Market Cap

6.6B

Price

$77.99

Sector

Utilities

Industry

Regulated Electric

Halal Alternatives in Utilities

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Mega First Corporation Bhd

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PBA Holdings Bhd

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+0.00%

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Gas Malaysia Bhd

$5.25

+0.00%

5264.KLA+

Malakoff Corporation Bhd

$0.87

+0.00%

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Frequently Asked Questions

Is Consumers Energy Company (CMS-PB) halal to invest in?

Consumers Energy Company (CMS-PB) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Consumers Energy Company get a F compliance rating?

Consumers Energy Company (CMS-PB) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 83.4% (limit 30%); interest-bearing deposits of 2.7% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Consumers Energy Company's Shariah verdict?

Consumers Energy Company's verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Consumers Energy Company re-screened for Shariah compliance?

Consumers Energy Company (CMS-PB) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 17, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.