Natural Resource Partners L.P.

NRP: Is Natural Resource Partners L.P. Halal?

Natural Resource Partners L.P.

NYSEEnergyUS

$96.40

-1.45%

Market Cap: 1.3B

Compliance Status

Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

A+

Excellent

96Score

Is Natural Resource Partners L.P. (NRP) halal? Halal. Based on AAOIFI screening, Natural Resource Partners L.P. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 96/100 (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%.

2.6% of 30.0% limit

What this means for you

You can own NRP

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

No purification owed

Based on the latest screening, none of its income comes from prohibited sources.

About Natural Resource Partners L.P.

Natural Resource Partners L.P. (NRP) is engaged in the ownership, management, and leasing of a diverse portfolio of mineral assets across the United States. The company's operations are structured into two primary segments: Mineral Rights and Soda Ash. Its holdings encompass interests in various natural resources, including coal, soda ash, and trona. Key coal reserves are strategically located in the Appalachian, Illinois, and Northern Powder River Basins, while industrial minerals and aggregates are distributed throughout the U.S. Oil and gas properties are situated in Louisiana, and timber assets are found in West Virginia. Notably, the firm's trona ore mining and soda ash refining facilities are located in Wyoming's Green River Basin. A core aspect of its business model involves leasing out a portion of these reserves to generate royalty payments. Additionally, NRP owns and operates crucial transportation and processing infrastructure linked to its coal properties. Incorporated in 2002, Natural Resource Partners L.P. is headquartered in Houston, Texas, with NRP (GP) LP serving as its general partner.

Sector: Energy · Industry: Coal

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Compliance History

  1. Halalnow

    since Jun 2026

  2. Doubtful

    until the change above

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

Fiscal: Q1 2025Data source: EDGAR
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Frequently Asked Questions

Is Natural Resource Partners L.P. (NRP) halal to invest in?
Based on AAOIFI Standard 21 screening, Natural Resource Partners L.P. (NRP) is rated Halal with a compliance grade of A+ (Excellent). 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 Resource Partners L.P. get a A+ compliance rating?
Natural Resource Partners L.P. (NRP) received a grade of A+ (Excellent) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 2.6% (limit 30%); interest-bearing deposits of 2.4% (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 Resource Partners L.P.'s Shariah verdict?
Natural Resource Partners L.P.'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 Resource Partners L.P. re-screened for Shariah compliance?
Natural Resource Partners L.P. (NRP) 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.