Is Pinnacle West Capital Corporation (PNW) halal? Not Halal. Based on AAOIFI screening, Pinnacle West Capital Corporation passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Pinnacle West Capital Corporation

PNW: Is Pinnacle West Capital Corporation Halal?

Not Halal

Pinnacle West Capital Corporation

NYSEUtilitiesUS

$98.82

+1.37%

About Pinnacle West Capital Corporation

Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include approximately 5,814 pole miles of overhead lines and approximately 74 miles of underground lines; and distribution facilities comprise approximately 11,258 miles of overhead lines and approximately 22,821 miles of underground primary cable, as well as owns and maintains 475 transmission and distribution substations. The company also owns or leases approximately 6,323 megawatts of regulated generation capacity. It serves approximately 1.3 million customers. Pinnacle West Capital Corporation was incorporated in 1985 and is headquartered in Phoenix, Arizona.

Sector: Utilities 路 Industry: Regulated Electric

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 17, 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 Cap73.1% / 30.0%

Compliance History

  1. Not Halalnow

    since Jun 2026

  2. Doubtful

    until the change above

  3. Not Halal

    until the change above

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

Screened: Jun 17, 2026Fiscal: Q1 2026Source: EDGAR

Financial Overview

Market Cap

12.0B

Price

$98.82

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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Frequently Asked Questions

Is Pinnacle West Capital Corporation (PNW) halal to invest in?
Pinnacle West Capital Corporation (PNW) 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 Pinnacle West Capital Corporation get a F compliance rating?
Pinnacle West Capital Corporation (PNW) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 73.1% (limit 30%); interest-bearing deposits of 0.1% (limit 30%); prohibited income of 0.58% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Pinnacle West Capital Corporation's Shariah verdict?
Pinnacle West Capital Corporation'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 Pinnacle West Capital Corporation re-screened for Shariah compliance?
Pinnacle West Capital Corporation (PNW) 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 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.