What is Middlesex Water Company's Shariah compliance score?

Middlesex Water Company (MSEX) has a Shariah compliance score of 80/100 (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 Middlesex Water Company pass AAOIFI screening?

Middlesex Water Company (MSEX) 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% (MSEX: 23.7%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Middlesex Water Company stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for Middlesex Water Company (MSEX) using the latest financial data.

Where can I screen Middlesex Water Company for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Middlesex Water Company (MSEX) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about MSEX's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

MSEX: Is Middlesex Water Company Halal?

Middlesex Water Company

NASDAQUtilitiesUS

$58.73

-0.24%

Market Cap: 1.1B

Compliance Status

Halal

Screened on Sep 1, 2026 · AAOIFI Standard 21

Very Good

80Score

Is Middlesex Water Company (MSEX) halal? Halal. Based on AAOIFI screening, Middlesex Water Company passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 80/100 (Grade: A).

Quote this verdict

HalalScreener rates Middlesex Water Company (MSEX) Halal, 80/100, grade A under AAOIFI Standard 21, screened Sep 1, 2026. Source: https://halalscreener.app/en/stock/MSEX

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

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

23.7% of 30.0% limit

What this means for you

You can own MSEX

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purification amount is Pro

We have screened MSEX's prohibited income, but the exact share you would need to purify is part of Pro.

About Middlesex Water Company

Middlesex Water Company primarily delivers vital water and wastewater utility services, structured around two key business units. Its regulated operations are dedicated to the acquisition, treatment, and distribution of water to a broad spectrum of retail and wholesale clients, including residential, commercial, industrial, and fire protection users. This division also oversees regulated wastewater systems in both New Jersey and Delaware. Complementing this, the company's non-regulated segment furnishes contract-based services for the management and maintenance of municipal and private water and wastewater infrastructure within the same states. The firm, established in 1896, maintains its corporate headquarters in Iselin, New Jersey.

Sector: Utilities · Industry: Regulated Water

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 1, 2026

Compliance History

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

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

Fiscal: Q2 2026Data source: EDGAR

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Frequently Asked Questions

Is Middlesex Water Company (MSEX) halal to invest in?

Based on AAOIFI Standard 21 screening, Middlesex Water Company (MSEX) 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 Middlesex Water Company get a A compliance rating?

Middlesex Water Company (MSEX) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 23.7% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Middlesex Water Company's Shariah verdict?

Middlesex Water Company'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 Middlesex Water Company re-screened for Shariah compliance?

Middlesex Water Company (MSEX) 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: Sep 1, 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.