Is Public Service Enterprise Group, Inc. PEG stock halal to invest in?

No, as of August 2026, Public Service Enterprise Group, Inc. stock (PEG) 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. Public Service Enterprise Group, Inc. currently does not meet the threshold for the interest-bearing debt 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 Public Service Enterprise Group, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Public Service Enterprise Group, Inc. PEG reviewed for Shariah compliance?

Tabadulat reviews Public Service Enterprise Group, Inc. PEG 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ensures the status shown for Public Service Enterprise Group, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Public Service Enterprise Group, Inc. PEG pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, Public Service Enterprise Group, Inc. stock (PEG) 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. Public Service Enterprise Group, Inc.'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 Public Service Enterprise Group, Inc. PEG pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Public Service Enterprise Group, Inc. stock (PEG) 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). Public Service Enterprise Group, Inc.'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 Public Service Enterprise Group, Inc. PEG pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Public Service Enterprise Group, Inc. stock (PEG) 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. Public Service Enterprise Group, Inc.'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 Public Service Enterprise Group, Inc. PEG stock?

Public Service Enterprise Group, Inc. (PEG) 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 Public Service Enterprise Group, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Public Service Enterprise Group, Inc. PEG pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Public Service Enterprise Group, Inc. stock (PEG) 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. Public Service Enterprise Group, Inc. 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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Public Service Enterprise Group, Inc.

NYSE

Shariah-Compliant

Not Shariah

PEG

About

Public Service Enterprise Group, Inc.

PEG

Public Service Enterprise Group Incorporated is a leading U.S.-based public utility holding company specializing in regulated energy services. Headquartered in New Jersey and established as a consolidated entity in 1903, it is recognized as one of the ten largest electric companies in the United States and operates with total assets exceeding $54 billion as of 2024. Its primary business activities are conducted through its main subsidiaries: Public Service Electric and Gas Company, PSEG Power, and PSEG Long Island. The company provides electric and natural gas transmission and distribution, as well as merchant power generation, including nuclear assets, serving millions of residential, commercial, and industrial customers across New Jersey and Long Island. With a workforce of approximately 13,000 employees, Public Service Enterprise Group Incorporated is committed to advancing a clean energy future, emphasizing sustainability, reliability, and customer-focused innovation. It has a longstanding tradition of uninterrupted annual dividend payments since 1907, and has consistently been recognized for its reliability, customer service, and commitment to sustainability within the U.S. energy infrastructure sector.

Sector:

Utilities

Industry:

Utilities - Regulated Electric

Employees:

13047

Website:

https://investor.pseg.com

PEG

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Public Service Enterprise Group, Inc.

About

Public Service Enterprise Group, Inc.

PEG

Frequently asked questions

Is Public Service Enterprise Group, Inc. PEG stock halal to invest in?

How often is Public Service Enterprise Group, Inc. PEG reviewed for Shariah compliance?

Does Public Service Enterprise Group, Inc. PEG pass the AAOIFI Non Permissible Income criteria?

Does Public Service Enterprise Group, Inc. PEG pass the AAOIFI Interest Bearing Investments criteria?

Does Public Service Enterprise Group, Inc. PEG pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Public Service Enterprise Group, Inc. PEG stock?

Does Public Service Enterprise Group, Inc. PEG pass the AAOIFI Preference Share screen?

Can I buy Public Service Enterprise (PEG) stock on Tabadulat?

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