What is New Jersey Resources Corporation's Shariah compliance score?

New Jersey Resources Corporation's (NJR) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does New Jersey Resources Corporation pass AAOIFI screening?

New Jersey Resources Corporation (NJR) 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% (NJR: 54.3%), (3) interest-bearing deposits below 30% (NJR: 1.4%), and (4) prohibited income below 5% (NJR: 0.4%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for New Jersey Resources Corporation stock?

New Jersey Resources Corporation (NJR) has a non-permissible income ratio of 0.45%. Muslim investors should purify this percentage of any dividends received and capital gains realized from NJR 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 Jersey Resources Corporation for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for New Jersey Resources Corporation (NJR) 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 NJR's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

NJR: Is New Jersey Resources Corporation Halal?

New Jersey Resources Corporation

NYSEUtilitiesUS

$57.60

+0.23%

Market Cap: 5.8B

Compliance Status

Not Halal

Screened on Jul 16, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is New Jersey Resources Corporation (NJR) halal? Not Halal. Based on AAOIFI screening, New Jersey Resources Corporation 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%.

54.3% of 30.0% limit

What this means for you

Most scholars advise not holding NJR

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About New Jersey Resources Corporation

New Jersey Resources Corporation functions as a diversified energy holding company, offering regulated natural gas distribution along with both retail and wholesale energy solutions. The company's business activities are categorized into four primary divisions: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment delivers regulated natural gas utility services to approximately 564,000 residential and business clients situated in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties within New Jersey. This division is also involved in managing capacity and storage, and participates in off-system sales and capacity release markets. Through its Clean Energy Ventures segment, the firm invests in, owns, and operates solar energy projects for commercial and residential applications located in New Jersey, Connecticut, Rhode Island, and New York. The Energy Services segment provides unregulated wholesale energy management support to other energy enterprises and natural gas producers, concurrently overseeing and trading a collection of physical assets such as natural gas storage and transportation agreements across the United States and Canada. The Storage and Transportation segment concentrates its efforts on investing in facilities for natural gas transportation and storage. Additionally, the company extends its offerings to include heating, ventilation, and cooling (HVAC) services, manages commercial real estate, performs solar equipment installation, conducts plumbing repair and installation, and engages in the sale, installation, and servicing of water appliances. Incorporated in 1981, New Jersey Resources Corporation maintains its corporate headquarters in Wall, New Jersey.

Sector: Utilities · Industry: Regulated Gas

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 16, 2026

Compliance History

Not Halalnow
since Jun 2026
Halal
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

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%

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Dominion Energy, Inc.

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Frequently Asked Questions

Is New Jersey Resources Corporation (NJR) halal to invest in?

New Jersey Resources Corporation (NJR) 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 Jersey Resources Corporation get a F compliance rating?

New Jersey Resources Corporation (NJR) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 54.3% (limit 30%); interest-bearing deposits of 1.4% (limit 30%); prohibited income of 0.45% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change New Jersey Resources Corporation's Shariah verdict?

New Jersey Resources Corporation'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 Jersey Resources Corporation re-screened for Shariah compliance?

New Jersey Resources Corporation (NJR) 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 16, 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.