Natural Grocers by Vitamin Cottage, Inc.

NGVC: Is Natural Grocers by Vitamin Cottage, Inc. Halal?

Natural Grocers by Vitamin Cottage, Inc.

NYSEConsumer DefensiveUS

$30.11

-1.99%

Market Cap: 693.8M

Compliance Status

Halal

Screened on Jul 13, 2026 · AAOIFI Standard 21

A

Very Good

83Score

Is Natural Grocers by Vitamin Cottage, Inc. (NGVC) halal? Halal. Based on AAOIFI screening, Natural Grocers by Vitamin Cottage, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 83/100 (Grade: A).

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%.

0.0% of 30.0% limit

What this means for you

You can own NGVC

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

Purify 3% of your income from NGVC

That is about $3.00 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About Natural Grocers by Vitamin Cottage, Inc.

Natural Grocers by Vitamin Cottage, Inc. (NGVC) operates as a retailer specializing in natural and organic food items and dietary supplements across the United States. Its stores provide an extensive array of natural and organic groceries, including fresh produce and bulk foods. The comprehensive grocery selection spans dry, frozen, and canned goods; fresh meats and seafood; dairy products and their plant-based alternatives; prepared foods; fresh bread and baked items; and a variety of beverages, including beer, wine, and hard cider. A significant portion of their inventory comprises private label products, offering a wide range of essentials such as pasta, sauces, canned goods (beans, vegetables), frozen items (vegetables, fruits, meals, pizza), baking mixes, plant-based butter, various oils, sweeteners (honey, maple syrup), coffee, chocolates, meats (bacon, jerky), snacks (popcorn, chips), and household staples like eggs, cheese, applesauce, water, paper products, and cleaning supplies. Beyond edible goods, Natural Grocers also stocks private label and brand-name dietary supplements; natural and organic body care items covering cosmetics, skincare, haircare, and personal care; pet care products and food; books and informational guides; and general household merchandise like cleaning supplies, soaps, and baby diapers. Operating under the "Natural Grocers by Vitamin Cottage" brand, the company had 162 stores spread across 20 states as of February 1, 2022. A key differentiator is its commitment to customer well-being, demonstrated through science-backed nutrition education programs designed to empower informed health and dietary choices. Established in 1955, Natural Grocers by Vitamin Cottage, Inc. is based in Lakewood, Colorado.

Sector: Consumer Defensive · Industry: Grocery Stores

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 13, 2026

Business Activity Screen

Passed

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

Peripheral exposure (still halal, purify this share)
3.0%

Primary business is permissible. AAOIFI allows up to 5% revenue from incidental non-compliant sources, provided the share is purified.

  • •Grocery Stores: estimated 3.0% peripheral exposure (AAOIFI industry average)
  • •Contains reference to: beer
  • •Contains reference to: wine

Use the Purification Calculator to compute exactly how much of your dividend income to donate.

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.

Fiscal: Q2 2026Data source: EDGAR

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Frequently Asked Questions

Is Natural Grocers by Vitamin Cottage, Inc. (NGVC) halal to invest in?
Based on AAOIFI Standard 21 screening, Natural Grocers by Vitamin Cottage, Inc. (NGVC) 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 Natural Grocers by Vitamin Cottage, Inc. get a A compliance rating?
Natural Grocers by Vitamin Cottage, Inc. (NGVC) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.0% (limit 30%); interest-bearing deposits of 2.3% (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 Natural Grocers by Vitamin Cottage, Inc.'s Shariah verdict?
Natural Grocers by Vitamin Cottage, 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 Natural Grocers by Vitamin Cottage, Inc. re-screened for Shariah compliance?
Natural Grocers by Vitamin Cottage, Inc. (NGVC) 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 13, 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.