Is Genie Energy Ltd. GNE stock halal to invest in?

No, as of August 2026, Genie Energy Ltd. stock (GNE) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening halal stocks. To qualify as halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. Genie Energy Ltd. currently does not meet the threshold for the interest-bearing investments screen. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of Genie Energy Ltd. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Genie Energy Ltd. GNE reviewed for Shariah compliance?

Tabadulat reviews Genie Energy Ltd. GNE for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Genie Energy Ltd. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Genie Energy Ltd. GNE pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, Genie Energy Ltd. stock (GNE) passes the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. Genie Energy Ltd.'s income from non-permissible sources is currently within this 5% threshold. Even permissible levels of incidental impure income should still be purified: investors donate the corresponding share of dividends to charity, as reflected in the stock's purification factor. This screen is reassessed monthly using the company's latest financial disclosures.

Does Genie Energy Ltd. GNE pass the AAOIFI Interest Bearing Investments criteria?

No, as of August 2026, Genie Energy Ltd. stock (GNE) does not pass the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. Genie Energy Ltd.'s interest-bearing investments currently exceed this 30% limit, meaning too large a share of the company's value derives from riba-based instruments for the stock to qualify as halal on this criterion. The ratio moves with both the balance sheet and the share price, and is reassessed monthly.

Does Genie Energy Ltd. GNE pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Genie Energy Ltd. stock (GNE) passes the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar riba-based financing) must remain below 30% of its market capitalisation. This cap limits shareholders' exposure to interest-based leverage. Genie Energy Ltd.'s interest-bearing debt is currently within the 30% threshold. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for Genie Energy Ltd. GNE stock?

Genie Energy Ltd. (GNE) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a halal investment. If Genie Energy Ltd. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Genie Energy Ltd. GNE pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Genie Energy Ltd. stock (GNE) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Genie Energy Ltd. has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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Genie Energy Ltd.

NYSE

Shariah-Compliant

Not Shariah

GNE

About

Genie Energy Ltd.

GNE

Genie Energy Ltd. is a global provider of energy services that operates within the utilities sector. Its primary offerings focus on supplying electricity and natural gas to residential and commercial customers. Genie Energy is distinguished by its efforts in both traditional and renewable energy domains, actively developing and investing in oil and gas exploration as well as renewable energy projects such as solar. The company’s operations span several regions, making significant impacts in the United States and international markets. Genie Energy's market presence is vital as it addresses the diverse energy needs of a growing global population, while also navigating the transition towards cleaner energy sources. The company's initiatives are pivotal in shaping the energy landscape, balancing demand with sustainability, and serving a broad customer base through its various subsidiaries. Headquartered in Newark, New Jersey, Genie Energy Ltd. continues to play a crucial role in providing energy solutions that cater to evolving market trends and regulatory frameworks.

Sector:

Utilities

Industry:

Utilities - Regulated Electric

Employees:

152

Website:

https://genie.com

GNE

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Genie Energy Ltd.

About

Genie Energy Ltd.

GNE

Frequently asked questions

Is Genie Energy Ltd. GNE stock halal to invest in?

How often is Genie Energy Ltd. GNE reviewed for Shariah compliance?

Does Genie Energy Ltd. GNE pass the AAOIFI Non Permissible Income criteria?

Does Genie Energy Ltd. GNE pass the AAOIFI Interest Bearing Investments criteria?

Does Genie Energy Ltd. GNE pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Genie Energy Ltd. GNE stock?

Does Genie Energy Ltd. GNE pass the AAOIFI Preference Share screen?

Can I buy Genie Energy (GNE) stock on Tabadulat?

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