What is Energy Vault Holdings, Inc.'s Shariah compliance score?

Energy Vault Holdings, Inc.'s (NRGV) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Energy Vault Holdings, Inc. pass AAOIFI screening?

Energy Vault Holdings, Inc. (NRGV) 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% (NRGV: 41.2%), (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 Energy Vault Holdings, Inc. 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 Energy Vault Holdings, Inc. (NRGV) using the latest financial data.

Where can I screen Energy Vault Holdings, Inc. for Shariah compliance for free?

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

NRGV: Is Energy Vault Holdings, Inc. Halal?

Energy Vault Holdings, Inc.

NYSEIndustrialsUS

$4.04

-9.62%

Market Cap: 720.1M

Compliance Status

Not Halal

Screened on Aug 30, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Energy Vault Holdings, Inc. (NRGV) halal? Not Halal. Based on AAOIFI screening, Energy Vault Holdings, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Energy Vault Holdings, Inc. (NRGV) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Aug 30, 2026. Source: https://halalscreener.app/en/stock/NRGV

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%.

41.2% of 30.0% limit

What this means for you

Most scholars advise not holding NRGV

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Energy Vault Holdings, Inc.

Energy Vault Holdings, Inc. develops and deploys utility-scale energy storage solutions in the United States, Switzerland, United Kingdom, North America, Australia, and internationally. The company offers B-Vault, an electrochemical battery energy storage solution for short-duration energy storage needs; G-Vault, a gravity energy storage solution for long-duration energy storage needs; and H-Vault, a hydrogen or hybrid energy storage solution. It also provides software solutions, such as Vault-OS Energy Management System which provides real-time monitoring, operational control, and optimized dispatch across an array of generation and short to ultra-long duration energy storage assets; Vault-Bidder, which utilizes artificial intelligence to leverage diverse, live data from directly monitored assets and external drivers to provide dispatch and revenue optimization; and Vault-Manager, which converts diverse, real-time data into clear asset performance visibility and insights, facilitating improved decision-making regarding maintenance, augmentation, and expansion. Energy Vault Holdings, Inc. was founded in 2020 and is headquartered in Westlake Village, California.

Sector: Industrials · Industry: Electrical Equipment & Parts

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 30, 2026

Compliance History

Not Halalnow
since Aug 2026
Halal
until the change above

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

Fiscal: Q2 2026Data source: EDGAR

Halal Alternatives in Industrials

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

0064.KLA+

Efficient E-Solutions Berhad

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+0.06%

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Advance Information Marketing Berhad

$0.06

+0.00%

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Sanichi Technology Berhad

$0.09

+0.21%

0199.KLA+

Tri-Mode System (M) Berhad

$0.17

+0.00%

0217.KLA+

Powerwell Holdings Berhad

$1.02

+0.00%

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Free · No credit card required

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Frequently Asked Questions

Is Energy Vault Holdings, Inc. (NRGV) halal to invest in?

Energy Vault Holdings, Inc. (NRGV) 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 Energy Vault Holdings, Inc. get a F compliance rating?

Energy Vault Holdings, Inc. (NRGV) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 41.2% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Energy Vault Holdings, Inc.'s Shariah verdict?

Energy Vault Holdings, 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 Energy Vault Holdings, Inc. re-screened for Shariah compliance?

Energy Vault Holdings, Inc. (NRGV) 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: Aug 30, 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.