What is Genie Energy Ltd.'s Shariah compliance score?

Genie Energy Ltd.'s (GNE) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Genie Energy Ltd. pass AAOIFI screening?

Genie Energy Ltd. (GNE) 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% (GNE: 1.8%), (3) interest-bearing deposits below 30% (GNE: 57.1%), and (4) prohibited income below 5% (GNE: 1.4%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Genie Energy Ltd. stock?

Genie Energy Ltd. (GNE) has a non-permissible income ratio of 1.45%. Muslim investors should purify this percentage of any dividends received and capital gains realized from GNE 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 Genie Energy Ltd. for Shariah compliance for free?

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

GNE: Is Genie Energy Ltd. Halal?

Genie Energy Ltd.

NYSEUtilitiesUS

$14.08

+2.25%

Market Cap: 371.8M

Compliance Status

Not Halal

Screened on Jul 19, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

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

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

1.8% of 30.0% limit

What this means for you

Most scholars advise not holding GNE

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Genie Energy Ltd.

Genie Energy Ltd. is an energy solutions provider delivering electricity and natural gas to individual consumers and small businesses. The company's reach extends internationally, encompassing significant markets such as the United States, Finland, Sweden, and Japan. Its operations are structured into three primary divisions: Genie Retail Energy (GRE), GRE International, and Genie Renewables. Beyond utility provision, Genie Energy also offers energy advisory and brokerage services. Furthermore, it is involved in the renewable sector through solar panel production and distribution, the design of solar installations, and comprehensive project management. Genie Energy Ltd. was founded in 2011 and is based in Newark, New Jersey.

Sector: Utilities · Industry: Regulated Electric

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 19, 2026

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q1 2026Data source: EDGAR

Halal Alternatives in Utilities

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

0011.KLA+

Brite-Tech Bhd

$0.25

-0.02%

3069.KLA+

Mega First Corporation Bhd

$2.89

+0.00%

5041.KLA+

PBA Holdings Bhd

$2.01

-0.01%

5209.KLA+

Gas Malaysia Bhd

$5.13

-0.01%

5264.KLA+

Malakoff Corporation Bhd

$0.79

+0.00%

More Utilities Stocks

NEE

NextEra Energy, Inc.

The Southern Company

DUK

Duke Energy Corporation

AEP

American Electric Power Company, Inc.

SRE

Sempra

B+

Dominion Energy, Inc.

Free · No credit card required

Track GNE and 10,000+ stocks with AI insights

Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.

Get Started Free Browse Screener

10,000+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is Genie Energy Ltd. (GNE) halal to invest in?

Genie Energy Ltd. (GNE) 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 Genie Energy Ltd. get a F compliance rating?

Genie Energy Ltd. (GNE) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 1.8% (limit 30%); interest-bearing deposits of 57.1% (limit 30%); prohibited income of 1.45% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Genie Energy Ltd.'s Shariah verdict?

Genie Energy Ltd.'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 Genie Energy Ltd. re-screened for Shariah compliance?

Genie Energy Ltd. (GNE) 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: Jul 19, 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.