NVRINot HalalF
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Compliance Status

Not Halal

Screened on Oct 13, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

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HalalScreener rates Enviri Corporation (NVRI) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 13, 2026. Source: https://halalscreener.app/en/stock/NVRI

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%.

69.5% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding NVRI

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Enviri Corporation

NVRI: Is Enviri Corporation Halal?

Enviri Corporation

NYSEIndustrialsUS

$19.43

Market Cap: 547.7M

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About Enviri Corporation

Founded in 1853 and headquartered in Philadelphia, Pennsylvania, Enviri Corporation provides environmental solutions for industrial and specialized waste streams both domestically and abroad. The company, formerly known as Harsco Corporation until its renaming in June 2023, operates through three primary divisions. The Harsco Environmental segment delivers on-site environmental management services for client waste and byproduct streams. This encompasses resource recovery and recycling, materials handling, logistical assistance, and the management of aluminum dross and scrap. Additionally, this division transforms industrial waste into valuable ecological products, including materials for road surfacing, metallurgical additives, agricultural and turf applications, and cement enhancements. The Clean Earth segment specializes in comprehensive processing solutions for various specialty wastes. Its services include the treatment, recycling, and beneficial repurposing of both hazardous and non-hazardous materials, along with the processing of contaminated soil and dredged materials for customers across the industrial, retail, healthcare, and construction sectors. Lastly, the Harsco Rail segment focuses on railway track maintenance, offering both equipment and services to railway operators, mass transit systems, and equipment leasing companies. Its offerings span engineered railway vehicles for rail treatment, tie work, and utility functions, new track construction machinery, aftermarket parts and support, and advanced safety and diagnostics technology. This segment also provides meltshop and furnace services, such as under-vessel cleaning and the removal of ladle slag and general melt shop debris.

Sector: Industrials · Industry: Waste Management

Why this does not pass

  • Interest-bearing debt is 69.5% of market cap, over the 30% AAOIFI limit.
  • Interest-bearing deposits are over the 30% limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 13, 2026

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Screened according to AAOIFI Standard 21

Compliance History

  1. Not Halalnow

    since Sep 2026

  2. Halal

    until the change above

  3. Not Halal

    until the change above

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

Fiscal: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is Enviri Corporation (NVRI) halal to invest in?
Enviri Corporation (NVRI) 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 Enviri Corporation get a F compliance rating?
Enviri Corporation (NVRI) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 69.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Enviri Corporation's Shariah verdict?
Enviri 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 Enviri Corporation re-screened for Shariah compliance?
Enviri Corporation (NVRI) 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: Oct 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.