Is Genie Energy Ltd. (GNE) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 2.4% / 30% | 27.5% / 30% | 16.2% / 30% | 1.66% / 5% | ✓ HALAL |
| DJIM | 2.4% / 33% | 27.5% / 33% | 16.2% / 33% | 1.66% / 5% | ✓ HALAL |
| MSCI | 2.5% / 33% | 28.2% / 33% | 16.7% / 33% | 1.66% / 5% | ✓ HALAL |
| S&P | 2.4% / 33% | 27.5% / 33% | 16.2% / 33% | 1.66% / 5% | ✓ HALAL |
| FTSE | 2.5% / 33% | 28.2% / 33% | 16.7% / 50% | 1.66% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 25.7% | |
| Operating Margin | 5.4% | |
| Net Margin | 1.0% | |
| Return on Equity (ROE) | 3.6% | |
| Return on Assets (ROA) | 5.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $71M |
| Free Cash Flow | $63M |
| Total Debt | $9M |
| Debt-to-Equity | 5.2 |
| Current Ratio | 1.9 |
| Total Assets | $371M |
Price & Trading
| Last Close | $13.85 |
| 50-Day MA | $14.20 |
| 200-Day MA | $16.32 |
| Avg Volume | 67K |
| Beta | 0.2 |
|
52-Week Range
$13.27
| |
About Genie Energy Ltd. (GNE)
Genie Energy Ltd., through its subsidiaries, provides energy services in the United States and internationally. It operates in two segments, Genie Retail Energy and Genie Renewables. The company resells electricity and natural gas to residential and small business customers in the Eastern and Midwestern United States and Texas; and develops, constructs, and operates utility-scale solar energy projects. It also distributes solar panels; offers energy procurement and advisory services to industrial, commercial, and municipal customers; and markets solar and alternative products and services. The company was incorporated in 2011 and is headquartered in Newark, New Jersey.
Purification Calculator
As a halal stock with 1.66% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Genie Energy Ltd. (GNE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Genie Energy Ltd. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Genie Energy Ltd.'s debt ratio?
Genie Energy Ltd.'s debt ratio is 2.4% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 2.5%.
Does Genie Energy Ltd. require dividend purification?
Yes, Genie Energy Ltd. has an impermissible income ratio of 1.66%, which means 1.66% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Genie Energy Ltd.'s key financial metrics?
Genie Energy Ltd. has a market capitalization of $368M, trailing P/E ratio of 47.5, and revenue of $425M. The company maintains a gross margin of 25.7% and a net margin of 1.0%. Return on equity stands at 3.6%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.