Is Companhia Energ�tica de Minas Gerais SA CIG stock halal to invest in?

Companhia Energética de Minas Gerais S.A. ADR, commonly referred to as CEMIG, is an American Depositary Receipt that allows international investors access to a prominent Brazilian electricity utility company. CEMIG is primarily involved in the generation, transmission, and distribution of electrical power, making it one of Brazil's largest energy companies. Before any of that matters to a Muslim investor, one question comes first: is CI Games stock Halal?

Is CI Games Shariah compliant?

In financial services the activity screen carries the verdict more often than anywhere else: AAOIFI Shariah Standard No. 21 draws a hard line between fee based, permissible services and earning Riba as a business model. For CI Games, that distinction comes first, with the debt and investment ratios behind it.

Does CI Games pass the business activity test?

Yes. In the September 2026 screening CI Games holds an overall PASS, which a stock only earns when its core business clears the activity screen. The watch item in this sector is the sharpest of all: revenue must come from permissible services, not from lending at interest.

Is CI Games' income Halal?

Yes, within AAOIFI's tolerance. CI Games' income from non-permissible sources stays below 5% of revenue in the September 2026 screening, and the small impure portion is handled through purification: the factor of 99.61% tells holders of CIG what share of each dividend to keep and what remainder to donate to charity.

Does CI Games meet AAOIFI's debt and investment ratio requirements?

Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has CIG re-screened every month, and the result above always shows the latest verdict.

Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.

New to the four screens? Read What is Riba? A Clear Guide for Ethical Muslim Investing