Is Enel Chile S.A. (ENIC) halal? Not Halal. Based on AAOIFI screening, Enel Chile S.A. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Enel Chile S.A.

ENIC: Is Enel Chile S.A. Halal?

Not Halal

Enel Chile S.A.

NYSEUtilitiesCL

$4.59

-1.50%

About Enel Chile S.A.

Enel Chile S.A. stands as a significant electricity provider within Chile, primarily focused on the generation, transmission, and distribution of power. Its activities are structured around distinct generation and distribution business units. The company produces electricity utilizing a variety of sources, including hydroelectric, thermal, wind, solar, and geothermal power plants. As of December 31, 2021, it boasted a gross installed capacity of 8,054 megawatts. In its distribution segment, Enel Chile supplies electricity to roughly 2.0 million customers across 33 municipalities within the Santiago metropolitan region, managing a transmission network spanning 2,105 square kilometers. Beyond its core electricity services, the company also participates in the sale and transportation of natural gas, in addition to offering construction, engineering, and consulting services. Its diverse customer base includes residential, commercial, industrial, and governmental entities. Founded in 2016 and headquartered in Santiago, Chile, the firm was formerly known as Enersis Chile S.A. before rebranding to Enel Chile S.A. in October 2016. It operates as a subsidiary of Enel S.p.A.

Sector: Utilities 路 Industry: Regulated Electric

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026
F

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 Cap44.6% / 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 18, 2026Fiscal: FY 2025Source: FMP

Financial Overview

Market Cap

6.3B

Price

$4.59

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:

Free 路 No credit card required

Track ENIC and 10,000+ stocks with AI insights

Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.

10,000+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is Enel Chile S.A. (ENIC) halal to invest in?
Enel Chile S.A. (ENIC) 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 Enel Chile S.A. get a F compliance rating?
Enel Chile S.A. (ENIC) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 44.6% (limit 30%); interest-bearing deposits of 7.3% (limit 30%); prohibited income of 0.80% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Enel Chile S.A.'s Shariah verdict?
Enel Chile S.A.'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 Enel Chile S.A. re-screened for Shariah compliance?
Enel Chile S.A. (ENIC) 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 18, 2026.

Screened according to AAOIFI Standard No. 21 路 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.