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Is Nebras Energy (QEWS) halal?

Qatar Exchange (QSE) · Utilities — Power & Water
Not compliant

Nebras Energy is not compliant: its debt and non-permissible income is over the AAOIFI limit. interest-bearing debt is 52.8% of market capitalisation (limit 30%); non-permissible (interest) income is 6.7% of revenue (limit 5%).

The AAOIFI financial screen

TestResultLimitStatus
Interest-bearing debt ÷ market capitalisation52.8%< 30%Over limit
Non-permissible income ÷ revenue6.7%< 5%Over limit

A ratio at or above 30% (debt) or 5% (income) fails. A debt ratio of 27–30% or an income ratio of 4–5% is marked "close to limit" and makes the company questionable.

About Nebras Energy

Qatar Electricity & Water Co. is a pivotal entity in the utilities sector, primarily focused on the generation of electricity and production of desalinated water in Qatar. As a key contributor to the country's infrastructure, the company operates several power and water desalination plants that ensure reliable supply to meet both domestic and industrial demands. It plays a critical role in supporting Qatar's rapidly expanding economy, driven by its robust energy and…

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Frequently asked questions

Is Nebras Energy (QEWS) halal?

Nebras Energy is not compliant: its debt and non-permissible income is over the AAOIFI limit. interest-bearing debt is 52.8% of market capitalisation (limit 30%); non-permissible (interest) income is 6.7% of revenue (limit 5%).

What makes a stock halal or haram?

Under AAOIFI Standard 21 a company must first have a permissible core business (no conventional banking or insurance, alcohol, tobacco, gambling or similar). Then interest-bearing debt must be under 30% of its market value and interest income under 5% of its revenue.

How much of Nebras Energy's dividends should be purified?

About 6.7% of each dividend, the share of the company's income that is not permissible. Donate that amount rather than keeping it.

How often is this updated?

Prices refresh daily and the ratios update when the company files new financial statements, usually every quarter. This page's data was last updated 2026-09-16.

Screened against AAOIFI Standard 21 using the company's latest reported financials (data updated 2026-09-16). This is an automated screen, not a fatwa; scholars differ on some thresholds. What each verdict means.