What is Energy Vault Holdings, Inc.'s Shariah compliance score?

Energy Vault Holdings, Inc. (NRGV) has a Shariah compliance score of 82/100 (Grade: A, Very Good) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Energy Vault Holdings, Inc. pass AAOIFI screening?

Energy Vault Holdings, Inc. (NRGV) passes 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% (NRGV: 5.2%), (3) interest-bearing deposits below 30% (NRGV: 2.5%), and (4) prohibited income below 5% (NRGV: 2.4%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Energy Vault Holdings, Inc. stock?

Energy Vault Holdings, Inc. (NRGV) has a non-permissible income ratio of 2.38%. Muslim investors should purify this percentage of any dividends received and capital gains realized from NRGV 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 Energy Vault Holdings, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Energy Vault Holdings, Inc. (NRGV) 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 NRGV's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Energy Vault Holdings, Inc. (NRGV) halal? Halal. Based on AAOIFI screening, Energy Vault Holdings, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 82/100 (Grade: A).

NRGV: Is Energy Vault Holdings, Inc. Halal?

Halal

Energy Vault Holdings, Inc.

NYSEUtilitiesUS

$4.06

-1.22%

AvoidBorderlineClean

Purify ~2.4% of income

About Energy Vault Holdings, Inc.

Energy Vault Holdings, Inc. specializes in the creation and commercialization of advanced energy storage technologies. The company's core innovation centers on its gravity-based storage systems. Among its offerings is the EVx Platform, a highly adaptable and modular system providing capacities ranging from 40 megawatt-hours to several gigawatt-hours, primarily designed to enhance grid stability over shorter operational periods. Furthermore, Energy Vault provides the gigawatt-hour scale Energy Vault Resiliency Center, a robust solution engineered to maintain grid resilience and mitigate the effects of extensive energy disruptions, particularly those stemming from severe climate events. These sophisticated solutions enable various stakeholders, such as public utilities, independent power producers, and significant industrial energy users, to effectively manage their power assets and efficiently deliver stored electricity. Energy Vault Holdings, Inc. is headquartered in Westlake Village, California.

Sector: Utilities · Industry: Renewable Utilities

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 17, 2026

Very Good

Strong compliance across all metrics

82Score

Business Activity Screen

Passed

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

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap5.2% / 30.0%

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Screened: Jun 17, 2026Fiscal: FY 2025Source: FMP

Purify Your NRGV Dividends

2.4% non-compliant income

NRGV has 2.4% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

723.7M

Price

$4.06

Sector

Utilities

Industry

Renewable Utilities

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Frequently Asked Questions

Is Energy Vault Holdings, Inc. (NRGV) halal to invest in?

Based on AAOIFI Standard 21 screening, Energy Vault Holdings, Inc. (NRGV) is rated Halal with a compliance grade of A (Very Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did Energy Vault Holdings, Inc. get a A compliance rating?

Energy Vault Holdings, Inc. (NRGV) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 5.2% (limit 30%); interest-bearing deposits of 2.5% (limit 30%); prohibited income of 2.38% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Energy Vault Holdings, Inc.'s Shariah verdict?

Energy Vault Holdings, 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 Energy Vault Holdings, Inc. re-screened for Shariah compliance?

Energy Vault Holdings, Inc. (NRGV) 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.