Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is NextEra Energy, Inc. (NEE) Halal?

FAIL

NextEra Energy, Inc. · NYSE: NEE · Utilities

The short answer

No — NextEra Energy (NEE) fails this Shariah stock screen at the debt gate. The company is a pure electric-utility business (Florida Power & Light, America's largest electric utility serving ~12 million people in Florida, plus NextEra Energy Resources, the largest energy-infrastructure developer in the US, with a ~35.1 GW renewables-and-storage backlog) — no haram business segments. But its balance sheet carries $110,197M of total debt at June 30, 2026 against a live market cap of about $157.64B ($76.35, October 1, 2026), i.e. debt ÷ market cap of about 69.90% — more than double the ~33% ceiling. The income gate passes: investment-related income of $345M is about 2.42% of H1 2026 operating revenues of $14,235M, below the 5% ceiling. Zoya independently rates NEE not Shariah-compliant (October 2026). This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

Gate 1 — Business activity: PASS

NextEra Energy, Inc. (NYSE: NEE) is the largest electric power and energy infrastructure company in North America, headquartered in Juno Beach, Florida (Fortune 200; founded 1925 as FPL Group). It owns Florida Power & Light Company (FPL) — America's largest electric utility, providing electricity to approximately 12 million people across Florida — and NextEra Energy Resources, LLC, the largest energy-infrastructure development company in the US, with a renewables-and-storage backlog of about 35.1 GW (Q2 2026) and the Duane Arnold nuclear plant being brought back online by Q1 2029. The energy mix is natural gas, nuclear, renewable energy and battery storage, plus transmission. Business-screen implication (factual): no alcohol, gambling, pork, tobacco, weapons, or conventional-finance segments — the nuclear assets are electricity generation, not weapons. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: FAIL

Per NextEra's Q2 2026 10-Q balance sheet (filed July 2026; the figures also appear in the July 24, 2026 earnings release and the company's Q2 2026 Schedule of Debt and Equity), total debt was $110,197M — commercial paper $1,736M + other short-term debt $4,258M + current portion of long-term debt $5,413M + long-term debt $98,790M. Against a live market cap of about $157.64B ($76.35 per share, Finnhub, October 1, 2026), debt ÷ market cap is about 69.90% — far above the ~33% ceiling (long-term debt alone is about 62.67%). Cash and cash equivalents of $2,866M is about 1.82% of market cap. Gate 2 fails — this is a debt-gate failure, not a business or income failure. Facts only.

Gate 3 — Non-compliant income: PASS

NextEra's filings disclose no separate interest-income line (Zoya's public NEE page reports $0 interest income from the FY2025 annual report). The broadest verifiable interest/investment-income figure from the Q2 2026 10-Q (six months ended June 30, 2026) is $345M — gains on disposal of investments and other property $103M + change in unrealized gains on equity securities held in NEER's nuclear decommissioning funds $130M + allowance for equity funds used during construction $112M — against H1 2026 operating revenues of $14,235M, about 2.42% of revenue, below the 5% non-compliant income ceiling. The income gate passes; the screen fails at Gate 2. Facts only.

Key figures used

Frequently asked questions

What does NextEra Energy do?

NextEra Energy, Inc. (NYSE: NEE), headquartered in Juno Beach, Florida, is the largest electric power and energy infrastructure company in North America (Fortune 200, founded 1925 as FPL Group). It owns Florida Power & Light Company — America's largest electric utility, serving about 12 million people across Florida — and NextEra Energy Resources, the largest energy-infrastructure developer in the US, with about 35.1 GW of renewables-and-storage backlog and the Duane Arnold nuclear plant being brought back online by Q1 2029. Its energy mix is natural gas, nuclear, renewable energy and battery storage, plus transmission.

Why does NextEra Energy fail this Shariah stock screen?

NEE fails at the debt gate (Gate 2), not the business gate. Total debt was $110,197M at June 30, 2026 (commercial paper $1,736M + other short-term debt $4,258M + current LT-debt maturities $5,413M + long-term debt $98,790M). Against a live market cap of about $157.64B ($76.35, October 1, 2026), debt ÷ market cap is about 69.90% — more than double the ~33% ceiling. The business gate passes (pure electric utility + renewables, no haram segments) and the income gate passes (2.42%), so this is purely a leverage failure. Zoya independently rates NEE not Shariah-compliant. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

What is NextEra Energy's interest-bearing debt ratio?

Per NEE's Q2 2026 10-Q balance sheet (July 2026), total debt was $110,197M — commercial paper $1,736M + other short-term debt $4,258M + current portion of long-term debt $5,413M + long-term debt $98,790M. Against a market cap of about $157.64B (Finnhub, $76.35, October 1, 2026), debt ÷ market cap is about 69.90% — far above the ~33% ceiling (long-term debt alone is about 62.67%). Cash and equivalents of $2,866M is about 1.82% of market cap. The debt gate fails. Facts only.

What is NextEra Energy's non-compliant income ratio?

NEE's filings disclose no separate interest-income line (Zoya reports $0 from the FY2025 annual report). The broadest verifiable interest/investment-income figure from the Q2 2026 10-Q (six months ended June 30, 2026) is $345M — gains on disposal of investments and other property ($103M) + unrealized gains on equity securities held in NEER's nuclear decommissioning funds ($130M) + allowance for equity funds used during construction ($112M) — against H1 2026 operating revenues of $14,235M, about 2.42% of revenue, below the 5% ceiling. The income gate passes; the screen fails at Gate 2. Facts only.

Do Zoya, Musaffa, or ShariaPortfolio cover NextEra Energy?

Zoya covers NEE — its public page rates NEE 'not Shariah-compliant' as of October 2026 (its FAQ text is partly contradictory auto-generated template, reported as shown; it cites $0 disclosed interest income from the FY2025 annual report). No Musaffa NEE stock page surfaced in search. No ShariaPortfolio NEE entry was found. All absences honestly reported as not found, not invented. This page applies the screen directly from NEE's own SEC filings.

Sources

Screened 2026-10-01 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).