Is Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) halal? Not Halal. Based on AAOIFI screening, Companhia de Saneamento Básico do Estado de São Paulo - SABESP passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

SBS: Is Companhia de Saneamento Básico do Estado de São Paulo - SABESP Halal?

Not Halal

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

NYSEUtilitiesBR

$5.53

+1.28%

About Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Companhia de Saneamento Básico do Estado de São Paulo – SABESP provides water and sewage services to residential, commercial, industrial, and governmental customers. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy. As of December 31, 2021, the company provided water services through 9.8 million water connections to approximately 27.8 million people; sewage services through 8.4 million sewage connections to approximately 24.6 million people; and operated 88,904 kilometers of water pipes and water transmission lines, as well as 61,122 kilometers of sewer lines. It also offers water and/or sewage services to four other municipalities through special purpose companies. The company was founded in 1954 and is headquartered in São Paulo, Brazil.

Sector: Utilities · Industry: Regulated Water

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 Cap210.8% / 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

18.9B

Price

$5.53

Sector

Utilities

Industry

Regulated Water

Halal Alternatives in Utilities

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

00
0011.KLA+

Brite-Tech Bhd

$0.27

+0.00%

30
3069.KLA+

Mega First Corporation Bhd

$2.97

+0.00%

50
5041.KLA+

PBA Holdings Bhd

$2.03

+0.00%

52
5209.KLA+

Gas Malaysia Bhd

$5.25

+0.00%

52
5264.KLA+

Malakoff Corporation Bhd

$0.87

+0.00%

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Frequently Asked Questions

Is Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) halal to invest in?
Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) 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 Companhia de Saneamento Básico do Estado de São Paulo - SABESP get a F compliance rating?
Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 210.8% (limit 30%); interest-bearing deposits of 65.2% (limit 30%); prohibited income of 4.73% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Companhia de Saneamento Básico do Estado de São Paulo - SABESP's Shariah verdict?
Companhia de Saneamento Básico do Estado de São Paulo - SABESP'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 Companhia de Saneamento Básico do Estado de São Paulo - SABESP re-screened for Shariah compliance?
Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) 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.