What is Southwest Gas Holdings, Inc.'s Shariah compliance score?

Southwest Gas Holdings, Inc.'s (SWX) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Southwest Gas Holdings, Inc. pass AAOIFI screening?

Southwest Gas Holdings, Inc. (SWX) 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% (SWX: 55.6%), (3) interest-bearing deposits below 30% (SWX: 9.1%), and (4) prohibited income below 5% (SWX: 1.1%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Southwest Gas Holdings, Inc. stock?

Southwest Gas Holdings, Inc. (SWX) has a non-permissible income ratio of 1.08%. Muslim investors should purify this percentage of any dividends received and capital gains realized from SWX 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 Southwest Gas Holdings, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Southwest Gas Holdings, Inc. (SWX) 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 SWX's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Southwest Gas Holdings, Inc. (SWX) halal? Not Halal. Based on AAOIFI screening, Southwest Gas Holdings, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

SWX: Is Southwest Gas Holdings, Inc. Halal?

Not Halal

Southwest Gas Holdings, Inc.

NYSEUtilitiesUS

$86.04

+1.83%

AvoidBorderlineClean

About Southwest Gas Holdings, Inc.

Southwest Gas Holdings, Inc., through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems. As of December 31, 2021, it had 2,159,000 residential, commercial, industrial, and other natural gas customers. Southwest Gas Holdings, Inc. was incorporated in 1931 and is headquartered in Las Vegas, Nevada.

Sector: Utilities · Industry: Regulated Gas

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 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 Cap55.6% / 30.0%

Compliance History

Not Halalnow
since Jun 2026
Halal
until the change above
Not Halal
until the change above

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

Screened: Jun 18, 2026Fiscal: FY 2025Source: FMP

Financial Overview

Market Cap

6.2B

Price

$86.04

Sector

Utilities

Industry

Regulated Gas

Halal Alternatives in Utilities

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

0011.KLA+

Brite-Tech Bhd

$0.27

+0.00%

3069.KLA+

Mega First Corporation Bhd

$2.97

+0.00%

5041.KLA+

PBA Holdings Bhd

$2.03

+0.00%

5209.KLA+

Gas Malaysia Bhd

$5.25

+0.00%

5264.KLA+

Malakoff Corporation Bhd

$0.87

+0.00%

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SRE

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Dominion Energy, Inc.

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Frequently Asked Questions

Is Southwest Gas Holdings, Inc. (SWX) halal to invest in?

Southwest Gas Holdings, Inc. (SWX) 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 Southwest Gas Holdings, Inc. get a F compliance rating?

Southwest Gas Holdings, Inc. (SWX) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 55.6% (limit 30%); interest-bearing deposits of 9.1% (limit 30%); prohibited income of 1.08% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Southwest Gas Holdings, Inc.'s Shariah verdict?

Southwest Gas Holdings, Inc.'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 Southwest Gas Holdings, Inc. re-screened for Shariah compliance?

Southwest Gas Holdings, Inc. (SWX) 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 · 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.