Is D (Dominion Energy, Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, D is classified as Doubtful. It passed 3 of 4 compliance screens. Some scholars may permit investing with income purification, while others advise avoiding it. We recommend consulting a qualified Islamic scholar before investing in D.

Dominion Energy, Inc. is a major US utility company that produces and distributes energy to millions of customers. Operating through segments like Dominion Energy Virginia and Gas Distribution, the company provides regulated electricity and natural gas to residential, commercial, and industrial markets across several states. For Muslim investors using AAOIFI standards, Dominion Energy is currently classified as Doubtful. While the company's core utility operations easily pass the business activity screen, it fails the financial screening due to excessive leverage, meaning it is not currently suitable for a strictly halal portfolio. The primary concern from an Islamic finance perspective is Dominion Energy's heavy reliance on interest-bearing debt, with a debt-to-market cap ratio of 88.5%, which severely breaches the 33% limit. On a positive note, the company maintains clean revenue streams with 0.00% interest income and a minimal cash-to-market cap ratio of 0.5%. Because utility companies are highly capital-intensive, they often carry significant debt loads to fund major infrastructure and grid projects. Halal investors should monitor Dominion Energy's balance sheet to see if future debt reduction efforts bring its leverage back within acceptable AAOIFI thresholds. Dominion Energy, Inc. operates in the Utilities sector under the Regulated Electric industry and is headquartered in Richmond, VA, US. The company is led by CEO Robert Blue and employs approximately 14,700 people.

D was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. D passed 3 of these 4 screens.

D was last screened on 2026-04-29. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.