What is New Jersey Resources Corporation's Shariah compliance score?

New Jersey Resources Corporation's (NJR) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does New Jersey Resources Corporation pass AAOIFI screening?

New Jersey Resources Corporation (NJR) 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% (NJR: 58.8%), (3) interest-bearing deposits below 30% (NJR: 1.5%), and (4) prohibited income below 5% (NJR: 0.4%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for New Jersey Resources Corporation stock?

New Jersey Resources Corporation (NJR) has a non-permissible income ratio of 0.45%. Muslim investors should purify this percentage of any dividends received and capital gains realized from NJR 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 New Jersey Resources Corporation for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for New Jersey Resources Corporation (NJR) 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 NJR's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

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

NJR: Is New Jersey Resources Corporation Halal?

Not Halal

New Jersey Resources Corporation

NYSEUtilitiesUS

$54.06

+0.75%

AvoidBorderlineClean

About New Jersey Resources Corporation

New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 564,000 residential and commercial customers throughout Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates commercial and residential solar projects situated in New Jersey, Connecticut, Rhode Island, and New York. The Energy Services segment offers unregulated wholesale energy management services to other energy companies and natural gas producers, as well as maintains and transacts a portfolio of physical assets consisting of natural gas storage and transportation contracts in the United States and Canada. The Storage and Transportation segment invests in natural gas transportation and storage facilities. It provides heating, ventilation, and cooling services; holds commercial real estate properties; and offers solar equipment installation, and plumbing repair and installation services, as well as engages in the water appliance sale, installation, and servicing activities. The company was incorporated in 1981 and is headquartered in Wall, New Jersey.

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 Cap58.8% / 30.0%

Compliance History

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

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

Screened: Jun 17, 2026Fiscal: Q2 2026Source: EDGAR

Financial Overview

Market Cap

5.5B

Price

$54.06

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:

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Malakoff Corporation Bhd

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Frequently Asked Questions

Is New Jersey Resources Corporation (NJR) halal to invest in?

New Jersey Resources Corporation (NJR) 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 New Jersey Resources Corporation get a F compliance rating?

New Jersey Resources Corporation (NJR) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 58.8% (limit 30%); interest-bearing deposits of 1.5% (limit 30%); prohibited income of 0.45% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change New Jersey Resources Corporation's Shariah verdict?

New Jersey Resources Corporation'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 New Jersey Resources Corporation re-screened for Shariah compliance?

New Jersey Resources Corporation (NJR) 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.