Is MIDDLESEX WATER CO (MSEX) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 41.6% / 30% | 0.3% / 30% | 2.9% / 30% | 3.88% / 5% | ✗ NOT HALAL |
| DJIM | 41.6% / 33% | 0.3% / 33% | 2.9% / 33% | 3.88% / 5% | ✗ NOT HALAL |
| MSCI | 30.5% / 33% | 0.2% / 33% | 2.1% / 33% | 3.88% / 5% | ✓ HALAL |
| S&P | 41.6% / 33% | 0.3% / 33% | 2.9% / 33% | 3.88% / 5% | ✗ NOT HALAL |
| FTSE | 30.5% / 33% | 0.2% / 33% | 2.1% / 50% | 3.88% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 53.1% | |
| Operating Margin | 26.3% | |
| Net Margin | 22.0% | |
| Return on Equity (ROE) | 9.1% | |
| Return on Assets (ROA) | 2.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $63M |
| Free Cash Flow | -$34M |
| Total Debt | $417M |
| Debt-to-Equity | 84.3 |
| Current Ratio | 0.4 |
| Total Assets | $1.4B |
Price & Trading
| Last Close | $52.03 |
| 50-Day MA | $52.84 |
| 200-Day MA | $53.49 |
| Avg Volume | 125K |
| Beta | 0.9 |
|
52-Week Range
$44.17
| |
About MIDDLESEX WATER CO (MSEX)
Middlesex Water Company owns and operates regulated water utility and wastewater systems in the United States. It operates in two segments, Regulated and Non-Regulated. The company collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers; and provides regulated wastewater system. It also provides non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems. Middlesex Water Company was incorporated in 1896 and is headquartered in Iselin, New Jersey.
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Frequently Asked Questions
Is MIDDLESEX WATER CO (MSEX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), MIDDLESEX WATER CO is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is MIDDLESEX WATER CO's debt ratio?
MIDDLESEX WATER CO's debt ratio is 41.6% 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 30.5%.
What are MIDDLESEX WATER CO's key financial metrics?
MIDDLESEX WATER CO has a market capitalization of $959M, trailing P/E ratio of 21.9, and revenue of $195M. The company maintains a gross margin of 53.1% and a net margin of 22.0%. Return on equity stands at 9.1%.
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.