Is PWR (Quanta Services, Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, PWR is Halal and considered permissible for Muslim investors. It passed all 4 of 4 compliance screens including business activity review, debt-to-market-cap ratio (1.25% vs ≤33% threshold), interest income ratio (0.06% vs ≤5% threshold), and cash & securities ratio (0.46% vs ≤33% threshold).

Quanta Services, Inc. is a global leader in specialty contracting, primarily focusing on electric power infrastructure solutions. The company designs, builds, and maintains critical transmission, distribution, and substation facilities, alongside installing modern smart grid technologies. For Muslim investors, Quanta Services represents a strongly compliant investment opportunity. The stock passes all AAOIFI shariah screens with a Halal status, meaning its core engineering and construction activities do not conflict with Islamic law. From a financial perspective, Quanta Services is an exceptionally clean stock. Its debt-to-market cap ratio sits at a mere 1.3%, far below the 33% limit, and its interest income is nearly non-existent at 0.06% of total revenue. Since the core business is highly permissible, there is no significant scholarly debate regarding Quanta Services. Halal investors should simply monitor the company's future debt levels during large-scale infrastructure acquisitions to ensure continued compliance. Quanta Services, Inc. operates in the Industrials sector under the Engineering & Construction industry and is headquartered in Houston, TX, US. The company is led by CEO Earl C. Austin Jr. and employs approximately 58,400 people.

PWR 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. PWR passed 4 of these 4 screens.

Although PWR passes all shariah screens, it does earn $15.7M in interest income (0.06% of revenue). Many scholars recommend purifying this portion by donating the equivalent percentage of any dividends received to charity. For example, if you receive $100 in dividends, you would donate approximately $0.06 to purify the income.

PWR 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.