Is NISOURCE INC. (NI) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 72.9% / 30% | 0.5% / 30% | 5.7% / 30% | 0.15% / 5% | ✗ NOT HALAL |
| DJIM | 72.9% / 33% | 0.5% / 33% | 5.7% / 33% | 0.15% / 5% | ✗ NOT HALAL |
| MSCI | 45.2% / 33% | 0.3% / 33% | 3.5% / 33% | 0.15% / 5% | ✗ NOT HALAL |
| S&P | 72.9% / 33% | 0.5% / 33% | 5.7% / 33% | 0.15% / 5% | ✗ NOT HALAL |
| FTSE | 45.2% / 33% | 0.3% / 33% | 3.5% / 50% | 0.15% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 50.6% | |
| Operating Margin | 27.0% | |
| Net Margin | 14.0% | |
| Return on Equity (ROE) | 9.1% | |
| Return on Assets (ROA) | 3.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $2.4B |
| Free Cash Flow | -$794M |
| Total Debt | $16.2B |
| Debt-to-Equity | 139.3 |
| Current Ratio | 0.7 |
| Total Assets | $35.9B |
Price & Trading
| Last Close | $45.44 |
| 50-Day MA | $45.52 |
| 200-Day MA | $42.78 |
| Avg Volume | 4.0M |
| Beta | 0.6 |
|
52-Week Range
$35.64
| |
About NISOURCE INC. (NI)
NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Columbia Operations and NIPSCO Operations. The company provides natural gas to residential, commercial, and industrial customers through approximately 37,300 miles of distribution main pipeline and the associated individual customer service lines; and 310 miles of transmission main pipeline in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It also generates, transmits, and distributes electricity to approximately 0.5 million customers in various counties in the northern part of Indiana, as well as engages in wholesale electric and transmission transactions. It owns and operates steam coal generating stations in Wheatfield and Michigan City; combined cycle gas turbine in West Terre Haute; natural gas generating units in Wheatfield; hydro generating plants in Carroll County and White County; wind generating units in White County; and solar generating units in Sullivan County, Gibson County, Jasper County, and White County. The company was formerly known as NIPSCO Industries, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1847 and is headquartered in Merrillville, Indiana.
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Frequently Asked Questions
Is NISOURCE INC. (NI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), NISOURCE 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 NISOURCE INC.'s debt ratio?
NISOURCE INC.'s debt ratio is 72.9% 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 45.2%.
What are NISOURCE INC.'s key financial metrics?
NISOURCE INC. has a market capitalization of $22.0B, trailing P/E ratio of 23.6, and revenue of $6.6B. The company maintains a gross margin of 50.6% and a net margin of 14.0%. 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.