Is Companhia de saneamento Basico (SBS) Stock Halal or Haram?
Companhia de saneamento Basico (SBS) - Not Halal (Non-Compliant)
Companhia de saneamento Basico (SBS) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
Sector
Utilities
Industry
Utilities - Regulated Water
Result
Pass
Reason
The sector "Utilities" and industry "Utilities - Regulated Water" are not in the excluded categories.
Financial Ratios
Debt Ratio
Value: 59.0% | Threshold: 30% | Result: Fail
Cash & Interest-bearing Securities Ratio
Value: 30.9% | Threshold: 30% | Result: Fail
Non-Permissible Income Ratio
Value: 1.4% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 1.39%.Based on the company's financial statements, approximately 1.39% of dividend income should be donated to charity for purification. This is derived from identified interest income (1.39% of total income). Some scholars may differ on the exact calculation method.
About Companhia de saneamento Basico
Companhia de Saneamento Básico do Estado de São Paulo - SABESP provides basic and environmental sanitation services in the São Paulo State, Brazil. It supplies treated water and sewage services on a wholesale basis. Companhia de Saneamento Básico do Estado de São Paulo - SABESP was founded in 1954 and is headquartered in São Paulo, Brazil.
Frequently Asked Questions
Is Companhia de saneamento Basico (SBS) stock halal to invest in?
According to AAOIFI Shariah screening standards, Companhia de saneamento Basico (SBS) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does Companhia de saneamento Basico have any interest income?
Companhia de saneamento Basico 's interest income ratio is 30.9% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if SBS stock is Shariah-compliant?
Based on the company's financial statements, approximately 1.39% of dividend income should be donated to charity for purification. This is derived from identified interest income (1.39% of total income). Some scholars may differ on the exact calculation method.
Uses quarterly data
About Companhia de saneamento Basico
Companhia de Saneamento Básico do Estado de São Paulo - SABESP provides basic and environmental sanitation services in the São Paulo State, Brazil. It supplies treated water and sewage services on a wholesale basis. Companhia de Saneamento Básico do Estado de São Paulo - SABESP was founded in 1954 and is headquartered in São Paulo, Brazil.
BrazilNYSEUtilities
Screened using AAOIFI Standard No. 21 on October 5, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.
Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.
Verdict history
Free with an account.
No verdict changes recorded since first screened on Oct 5, 2026. We started recording changes on Oct 19, 2026.
Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.
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Frequently Asked Questions
According to AAOIFI Shariah screening standards, Companhia de saneamento Basico (SBS) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Companhia de saneamento Basico 's interest income ratio is 30.9% of total revenue. AAOIFI standards require this to be below 30%.
SBS is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
Companhia de saneamento Basico 's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
You can save SBS to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Dividends from Companhia de saneamento Basico require purification. Approximately 1.39% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
SBS is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
How often is Companhia de saneamento Basico stock reviewed for Shariah compliance?
Companhia de saneamento Basico 's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
How can I stay updated on Companhia de saneamento Basico 's compliance status?
You can save SBS to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Are dividends from Companhia de saneamento Basico stock considered halal?
Dividends from Companhia de saneamento Basico require purification. Approximately 1.39% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Do I need to pay Zakat on my Companhia de saneamento Basico shares?
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
