H – Hydro One Ltd

Not Compliant

Hydro One Ltd is not Shariah Compliant because it fails the financial ratios.

Hydro One Limited is a Canada-based company engaged in the business of transmission and distribution of electricity to customers within Ontario. The Company’s segments include Transmission, Distribution and Other segment. The Transmission segment comprises the transmission of high voltage electricity across the province, interconnecting local distribution companies and certain large directly connected industrial customers throughout the Ontario electricity grid. The Distribution segment comprises the delivery of electricity to end customers and certain other municipal electricity distributors. The Other segment includes certain corporate activities, investments including a joint venture that owns and operates electric vehicle fast charging stations across Ontario under the Ivy Charging Network brand, and the operations of the Company’s telecommunications business. The Company’s subsidiaries include Hydro One Networks Inc. (Hydro One Networks) and Hydro One Sault Ste. Marie LP (HOSSM).

AAOIFI ✗

Debt ÷ Market cap (MC)70.66
Non-Compliant Assets ÷ MC0.19
Impure Income (incl. Interest)0.15
Impure Income%
Interest Income0.15%
Total0.15%

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