Is Neuberger Next Generation Connectivity Fund Inc. (NBXG) Halal?

NYSE Financial Services United States $987M
✗ NOT HALAL
Confidence: 95/100
Neuberger Next Generation Connectivity Fund Inc. (NBXG) is Not Halal under AAOIFI Standard 21 due to its classification in the Asset Management industry, which is excluded under Shariah screening. Companies operating in prohibited sectors such as conventional banking, insurance, alcohol, tobacco, and gambling are automatically excluded regardless of their financial ratios.

Shariah Screening — 5 Standards

Based on financial data from October 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
AAOIFI Excluded — Asset Management ✗ NOT HALAL
DJIM Excluded — Asset Management ✗ NOT HALAL
MSCI Excluded — Asset Management ✗ NOT HALAL
S&P Excluded — Asset Management ✗ NOT HALAL
FTSE Excluded — Asset Management ✗ NOT HALAL

Financial Highlights

P/E Ratio
3.1
EPS
$4.08
Dividend Yield
1149.0%
Payout: 30.4%
Revenue
$326M

Profitability

Gross Margin 0.0%
Operating Margin 0.0%
Net Margin 0.0%

Cash Flow & Balance Sheet

Operating Cash Flow$99M
Free Cash Flow$99M
Total Assets$1.4B

Price & Trading

Last Close$12.82
50-Day MA$13.54
200-Day MA$14.43
Avg Volume236K
52-Week Range
$10.05
$15.65

About Neuberger Next Generation Connectivity Fund Inc. (NBXG)

Sector
Financial Services
Industry
Asset Management
Country
United States
Exchange
NYSE
Market Cap
$987M
Currency
USD

Neuberger Berman Income Funds - Neuberger Next Generation Connectivity Fund Inc. is headquartered in New York, New York.

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Frequently Asked Questions

Is Neuberger Next Generation Connectivity Fund Inc. (NBXG) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), Neuberger Next Generation Connectivity Fund Inc. 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 Neuberger Next Generation Connectivity Fund Inc.'s debt ratio?

Neuberger Next Generation Connectivity Fund Inc.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.

What are Neuberger Next Generation Connectivity Fund Inc.'s key financial metrics?

Neuberger Next Generation Connectivity Fund Inc. has a market capitalization of $987M, trailing P/E ratio of 3.1, and revenue of $326M.

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.