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

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

Does TXNM Energy, Inc. pass AAOIFI screening?

TXNM Energy, Inc. (TXNM) 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% (TXNM: 81.2%), (3) interest-bearing deposits below 30% (TXNM: 0.3%), and (4) prohibited income below 5% (TXNM: 0.9%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

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

TXNM Energy, Inc. (TXNM) has a non-permissible income ratio of 0.88%. Muslim investors should purify this percentage of any dividends received and capital gains realized from TXNM 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 TXNM Energy, Inc. for Shariah compliance for free?

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

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

TXNM: Is TXNM Energy, Inc. Halal?

Not Halal

TXNM Energy, Inc.

NYSEUtilitiesUS

$59.23

+0.24%

AvoidBorderlineClean

About TXNM Energy, Inc.

TXNM Energy, Inc., through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity. The segment owns and leases communications, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, and nuclear fuel and waste, as well as solar, wind, geothermal, and battery storage energy sources. The TNMP segment provides regulated transmission and distribution services. The segment also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. The company was formerly known as PNM Resources, Inc and changed its name to TXNM Energy, Inc. in August 2024. TXNM Energy, Inc. was founded in 1882 and is based in Albuquerque, New Mexico.

Sector: Utilities · Industry: Regulated Electric

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 Cap81.2% / 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

6.6B

Price

$59.23

Sector

Utilities

Industry

Regulated Electric

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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Mega First Corporation Bhd

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PBA Holdings Bhd

$2.03

+0.00%

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Gas Malaysia Bhd

$5.25

+0.00%

5264.KLA+

Malakoff Corporation Bhd

$0.87

+0.00%

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Frequently Asked Questions

Is TXNM Energy, Inc. (TXNM) halal to invest in?

TXNM Energy, Inc. (TXNM) 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 TXNM Energy, Inc. get a F compliance rating?

TXNM Energy, Inc. (TXNM) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 81.2% (limit 30%); interest-bearing deposits of 0.3% (limit 30%); prohibited income of 0.88% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

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

TXNM Energy, 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 TXNM Energy, Inc. re-screened for Shariah compliance?

TXNM Energy, Inc. (TXNM) 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.