Is New Jersey Resources Corp. NJR stock halal to invest in?

No, as of August 2026, New Jersey Resources Corp. stock (NJR) 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. New Jersey Resources Corp. currently does not meet the threshold for the non-permissible income and interest-bearing debt screens. 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 New Jersey Resources Corp. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is New Jersey Resources Corp. NJR reviewed for Shariah compliance?

Tabadulat reviews New Jersey Resources Corp. NJR 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 New Jersey Resources Corp. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 New Jersey Resources Corp. NJR pass the AAOIFI Non Permissible Income criteria?

No, as of August 2026, New Jersey Resources Corp. stock (NJR) does not pass 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. New Jersey Resources Corp.'s income from non-permissible sources currently exceeds this 5% ceiling, which makes the stock non-compliant on this criterion regardless of how it performs on the other screens. The screen is reassessed monthly, so the status can change when the company releases new financial statements.

Does New Jersey Resources Corp. NJR pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, New Jersey Resources Corp. stock (NJR) passes 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. This limit ensures shareholders are not materially profiting from riba (interest). New Jersey Resources Corp.'s interest-bearing investments are currently within the 30% threshold. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does New Jersey Resources Corp. NJR pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, New Jersey Resources Corp. stock (NJR) does not pass 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. New Jersey Resources Corp.'s interest-bearing debt currently exceeds this 30% limit, meaning the company relies on riba-based financing beyond the level AAOIFI permits for a halal investment. A company can return to compliance by reducing debt or through changes in market capitalisation, and the screen is reassessed monthly.

What is the dividend purification factor for New Jersey Resources Corp. NJR stock?

New Jersey Resources Corp. (NJR) 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 New Jersey Resources Corp. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does New Jersey Resources Corp. NJR pass the AAOIFI Preference Share screen?

Yes, as of August 2026, New Jersey Resources Corp. stock (NJR) 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. New Jersey Resources Corp. 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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New Jersey Resources Corp.

NYSE

Shariah-Compliant

Not Shariah

NJR

About

New Jersey Resources Corp.

NJR

New Jersey Resources Corporation is an energy services holding company that plays a critical role in the natural gas and clean energy sectors. The company's primary function is to provide regulated natural gas distribution to residential, commercial, and industrial customers across its service region, primarily focusing on New Jersey. Notably, New Jersey Resources Corporation is involved in various sectors, including natural gas transportation and storage, energy retail, and solar energy initiatives, highlighting its commitment to sustainable energy solutions. The company's infrastructure not only ensures reliable energy supply but also contributes to regional economic growth by supporting local energy needs. By participating in both traditional energy markets and the growing clean energy sector, New Jersey Resources Corporation is strategically positioned to support the transition towards cleaner energy solutions, reflecting its market significance in terms of energy sustainability and efficiency.

Sector:

Utilities

Industry:

Utilities - Regulated Gas

Employees:

1372

Website:

https://www.njresources.com

NJR

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New Jersey Resources Corp.

About

New Jersey Resources Corp.

NJR

Frequently asked questions

Is New Jersey Resources Corp. NJR stock halal to invest in?

How often is New Jersey Resources Corp. NJR reviewed for Shariah compliance?

Does New Jersey Resources Corp. NJR pass the AAOIFI Non Permissible Income criteria?

Does New Jersey Resources Corp. NJR pass the AAOIFI Interest Bearing Investments criteria?

Does New Jersey Resources Corp. NJR pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for New Jersey Resources Corp. NJR stock?

Does New Jersey Resources Corp. NJR pass the AAOIFI Preference Share screen?

Can I buy New Jersey Resources (NJR) stock on Tabadulat?

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