HA Sustainable Infrastructure Capital Inc

HASI

Not Compliant
Exchange
Sector
Headquarters
Group
NYSE
Financials
USA
Mid Cap

HA Sustainable Infrastructure Capital Inc is not Shariah Compliant because of its involvement in Investment Management & Fund Operators (NEC) and related activities.

44.62%

Impure Income*

$0.421

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Mid Cap
BUY
40.97%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-6.79%
47.00%
11.17%

Shariah Compliance

  • Updated on September 22, 2026
Debt
100%
✗
Non-Compliant Assets
6.77%
✓
Impure Income
44.62%
✗

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
100%
✗
Impure Income
44.62%
✗

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
100%
✗
Impure Income
44.62%
✗

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
65.1%
✗
Cash
6.51%
✓
Cash & AR
42.32%
✓
Impure Income
44.62%
✗

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
65.1%
✗
Cash
6.51%
✓
Cash & AR
42.32%
✗
Impure Income
44.62%
✗

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
44.62%

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

HA Sustainable Infrastructure Capital, Inc. is an investor in sustainable infrastructure assets advancing energy transition. The Company’s investments are diversified across multiple asset classes, including utility-scale solar, storage, and onshore wind; distributed solar and storage; renewable natural gas (RNG); and energy efficiency. It partners with clients to deploy real assets that facilitate the energy transition. The Company invests in a variety of asset classes across its three primary climate solutions markets: Behind the Meter, Grid-Connected and Fuels, Transport, and Nature. Behind the Meter includes residential, commercial and industrial, and community solar power and energy storage deployments, as well as energy efficiency. Grid-Connected include utility-scale solar, onshore wind and battery energy storage systems. Fuels, Transport, and Nature include renewable natural gas, fleet decarbonization and ecological restoration.

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