What is New Fortress Energy Inc.'s Shariah compliance score?

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

Does New Fortress Energy Inc. pass AAOIFI screening?

New Fortress Energy Inc. (NFE) 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% (NFE: 8056.9%), (3) interest-bearing deposits below 30% (NFE: 441.2%), and (4) prohibited income below 5% (NFE: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for New Fortress Energy Inc. stock?

New Fortress Energy Inc. (NFE) has a non-permissible income ratio of 0.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from NFE 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 Fortress Energy Inc. for Shariah compliance for free?

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

NFE: Is New Fortress Energy Inc. Halal?

New Fortress Energy Inc.

NASDAQUtilitiesUS

$0.34

-9.85%

Market Cap: 95.9M

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is New Fortress Energy Inc. (NFE) halal? Not Halal. Based on AAOIFI screening, New Fortress Energy Inc. 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

Over the limit

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

8056.9% of 30.0% limit

What this means for you

Most scholars advise not holding NFE

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About New Fortress Energy Inc.

New Fortress Energy Inc. (NFE) is an integrated company specializing in gas-to-power infrastructure, providing energy solutions and development services to customers worldwide. The company operates through two primary divisions: Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment manages the procurement and liquefaction of natural gas, along with its shipping, logistics, and the development or conversion of natural gas-fueled power generation facilities. Its Ships segment supplies floating storage and regasification units (FSRUs) and liquefied natural gas (LNG) carriers, which are leased to clients via long-term contracts or spot arrangements. NFE maintains a network of operational assets globally, including an LNG storage and regasification facility in Montego Bay, Jamaica; a marine LNG storage and regasification terminal in Old Harbour, Jamaica; a micro-fuel handling plant in San Juan, Puerto Rico; a marine LNG storage and regasification site in Sergipe, Brazil; an LNG receiving terminal in La Paz, Mexico; and a facility in Miami. Established in 1998, New Fortress Energy Inc. is headquartered in New York, New York.

Sector: Utilities · Industry: Regulated Gas

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 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.

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Frequently Asked Questions

Is New Fortress Energy Inc. (NFE) halal to invest in?

New Fortress Energy Inc. (NFE) 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 Fortress Energy Inc. get a F compliance rating?

New Fortress Energy Inc. (NFE) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 8056.9% (limit 30%); interest-bearing deposits of 441.2% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change New Fortress Energy Inc.'s Shariah verdict?

New Fortress 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 New Fortress Energy Inc. re-screened for Shariah compliance?

New Fortress Energy Inc. (NFE) 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 18, 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.