What is NiSource Inc's Shariah compliance score?

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

Does NiSource Inc pass AAOIFI screening?

NiSource Inc (NI) 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% (NI: 70.2%), (3) interest-bearing deposits below 30% (NI: 0.5%), and (4) prohibited income below 5% (NI: 0.1%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for NiSource Inc stock?

NiSource Inc (NI) has a non-permissible income ratio of 0.12%. Muslim investors should purify this percentage of any dividends received and capital gains realized from NI 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 NiSource Inc for Shariah compliance for free?

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

NI: Is NiSource Inc Halal?

NiSource Inc

NYSEUtilitiesUS

$49.00

+2.49%

Market Cap: 23.5B

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is NiSource Inc (NI) halal? Not Halal. Based on AAOIFI screening, NiSource 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%.

70.2% of 30.0% limit

What this means for you

Most scholars advise not holding NI

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About NiSource Inc

NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Columbia Operations and NIPSCO Operations. The company provides natural gas to residential, commercial, and industrial customers through approximately 37,300 miles of distribution main pipeline and the associated individual customer service lines; and 310 miles of transmission main pipeline in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It also generates, transmits, and distributes electricity to approximately 0.5 million customers in various counties in the northern part of Indiana, as well as engages in wholesale electric and transmission transactions. It owns and operates steam coal generating stations in Wheatfield and Michigan City; combined cycle gas turbine in West Terre Haute; natural gas generating units in Wheatfield; hydro generating plants in Carroll County and White County; wind generating units in White County; and solar generating units in Sullivan County, Gibson County, Jasper County, and White County. The company was formerly known as NIPSCO Industries, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1847 and is headquartered in Merrillville, Indiana.

Sector: Utilities · Industry: Regulated Gas

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

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.

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

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NextEra Energy, Inc.

The Southern Company

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Duke Energy Corporation

AEP

American Electric Power Company, Inc.

SRE

Sempra

B+

Dominion Energy, Inc.

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Frequently Asked Questions

Is NiSource Inc (NI) halal to invest in?

NiSource Inc (NI) 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 NiSource Inc get a F compliance rating?

NiSource Inc (NI) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 70.2% (limit 30%); interest-bearing deposits of 0.5% (limit 30%); prohibited income of 0.12% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change NiSource Inc's Shariah verdict?

NiSource 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 NiSource Inc re-screened for Shariah compliance?

NiSource Inc (NI) 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.