Caribbean Utilities Company Ltd

CUPu.TO

Not Compliant
Exchange
Sector
Headquarters
Group
The Toronto Stock Exchange
Utilities
Cayman Islands
Small cap

Caribbean Utilities Company Ltd is not Shariah Compliant because it fails the financial ratios.

-

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Small cap
HOLD
$14
$14.00
$14.00
1
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-1.88%
13.79%
14.19%
1.10
1.19
50.00%

Shariah Compliance

  • Updated on September 24, 2025
Debt
71.5%
✗
Non-Compliant Assets
✓
Impure Income

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
77.78%
✗
Impure Income

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
77.49%
✗
Impure Income

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
46.84%
✗
Cash
0.57%
✓
Cash & AR
3.82%
✓
Impure Income

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
46.84%
✗
Cash
0.57%
✓
Cash & AR
3.82%
✓
Impure Income

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
-

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Caribbean Utilities Company, Ltd. engages in the generation, transmission, and distribution of electricity within its licensed area in Grand Cayman, Cayman Islands. The Company operates in a single business segment, covering electricity generation, transmission, distribution, and telecommunication. It has an installed generating capacity of approximately 166 megawatts (MW). Its Transmission and Distribution (T&D) System includes approximately eight major transformer substations, 387 miles of overhead high-voltage (69 kilovolt and 13 kilovolt) lines, 53.8 miles of underground high-voltage lines, and 14 miles of high-voltage submarine cable in Grand Cayman. Its Generating Plant power system consists of approximately 21 generating units: 17 diesel engines, three gas turbines, and one steam turbine, with a combined capacity of 165.55 megawatts (MW). Its subsidiary, DataLink, Ltd., provides fiber optic infrastructure and other information and communication technology (ICT) services.

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