What is NiSource Inc.'s Shariah compliance score?

NiSource Inc.'s (NI) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does NiSource Inc. pass AAOIFI screening?

NiSource Inc. (NI) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (NI: 69.0%), (3) interest-bearing deposits below 30% (NI: 0.5%), and (4) prohibited income below 5% (NI: 0.1%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for NiSource Inc. stock?

NiSource Inc. (NI) has a non-permissible income ratio of 0.12%. Muslim investors should purify this percentage of any dividends received and capital gains realized from NI shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen NiSource Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for NiSource Inc. (NI) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about NI's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is NiSource Inc. (NI) halal? Not Halal. Based on AAOIFI screening, NiSource Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

NI: Is NiSource Inc. Halal?

Not Halal

NiSource Inc.

NYSEUtilitiesUS

$45.86

+1.69%

AvoidBorderlineClean

About NiSource Inc.

NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates through two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 853,000 customers in northern Indiana, as well as approximately 2.4 million residential, commercial, and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It operates approximately 54,600 miles of distribution main pipelines, as well as associated individual customer service lines; and 1,000 miles of transmission main pipelines. The company generates, transmits, and distributes electricity to approximately 483,000 customers in 20 counties in the northern part of Indiana, as well as engages in wholesale electric and transmission transactions. It owns and operates coal-fired electric generating stations with a capacity of 722 megawatts (MW) in Wheatfield and 455 MW in Michigan City; combined cycle gas turbine with a capacity of 563 MW in West Terre Haute; natural gas generating units with a capacity of 155 MW in Wheatfield; hydro generating plants with a capacity of 9 MW in Carroll County and 7 MW in White County; and wind generating units with a capacity of 102 MW and 302 MW in White County, Indiana. The company was formerly known as NIPSCO Industries, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1847 and is headquartered in Merrillville, Indiana.

Sector: Utilities · Industry: Regulated Gas

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 17, 2026

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap69.0% / 30.0%

Compliance History

Not Halalnow
since Jun 2026
Doubtful
until the change above
Not Halal
until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 17, 2026Fiscal: Q1 2026Source: EDGAR

Financial Overview

Market Cap

22.0B

Price

$45.86

Sector

Utilities

Industry

Regulated Gas

Halal Alternatives in Utilities

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

0011.KLA+

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3069.KLA+

Mega First Corporation Bhd

$2.97

+0.00%

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PBA Holdings Bhd

$2.03

+0.00%

5209.KLA+

Gas Malaysia Bhd

$5.25

+0.00%

5264.KLA+

Malakoff Corporation Bhd

$0.87

+0.00%

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Dominion Energy, Inc.

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Frequently Asked Questions

Is NiSource Inc. (NI) halal to invest in?

NiSource Inc. (NI) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did NiSource Inc. get a F compliance rating?

NiSource Inc. (NI) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 69.0% (limit 30%); interest-bearing deposits of 0.5% (limit 30%); prohibited income of 0.12% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change NiSource Inc.'s Shariah verdict?

NiSource Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is NiSource Inc. re-screened for Shariah compliance?

NiSource Inc. (NI) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 17, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.