Is NEW JERSEY RESOURCES CORP (NJR) Halal?
Shariah Screening — 5 Standards
Based on financial data from September 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 68.5% / 30% | 0.0% / 30% | 2.2% / 30% | 5.13% / 5% | ✗ NOT HALAL |
| DJIM | 68.5% / 33% | 0.0% / 33% | 2.2% / 33% | 5.13% / 5% | ✗ NOT HALAL |
| MSCI | 49.7% / 33% | 0.0% / 33% | 1.6% / 33% | 5.13% / 5% | ✗ NOT HALAL |
| S&P | 68.5% / 33% | 0.0% / 33% | 2.2% / 33% | 5.13% / 5% | ✗ NOT HALAL |
| FTSE | 49.7% / 33% | 0.0% / 33% | 1.6% / 50% | 5.13% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 37.1% | |
| Operating Margin | -7.5% | |
| Net Margin | 15.2% | |
| Return on Equity (ROE) | 13.7% | |
| Return on Assets (ROA) | 4.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $466M |
| Free Cash Flow | -$240M |
| Total Debt | $3.8B |
| Current Ratio | 0.8 |
| Total Assets | $7.6B |
Price & Trading
| Last Close | $54.67 |
| 50-Day MA | $52.50 |
| 200-Day MA | $47.81 |
| Avg Volume | 555K |
| Beta | 0.6 |
|
52-Week Range
$43.46
| |
About NEW JERSEY RESOURCES CORP (NJR)
New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to residential and commercial customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates clean energy projects, including commercial and residential solar installation situated in New Jersey, Rhode Island, New York, Connecticut, Michigan, Indiana, and Pennsylvania. The Energy Services segment maintains and transacts natural gas transportation and storage capacity contracts, as well as provides physical wholesale energy, retail energy and energy management services. The Storage and Transportation segment invests in energy-related ventures. It provides home services and other operations, such as heating, ventilation, and cooling services; sales and installation of appliances; electrical and generator service and installations; and plumbing repair and installation services, as well as holds commercial real estate properties. The company also offers shared administrative and financial services; and natural gas storage and transmission assets services. New Jersey Resources Corporation was founded in 1922 and is headquartered in Wall, New Jersey.
Related Halal Stocks in Utilities
Frequently Asked Questions
Is NEW JERSEY RESOURCES CORP (NJR) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), NEW JERSEY RESOURCES CORP 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 NEW JERSEY RESOURCES CORP's debt ratio?
NEW JERSEY RESOURCES CORP's debt ratio is 68.5% 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 49.7%.
What are NEW JERSEY RESOURCES CORP's key financial metrics?
NEW JERSEY RESOURCES CORP has a market capitalization of $5.5B, trailing P/E ratio of 16.9, and revenue of $2.0B. The company maintains a gross margin of 37.1% and a net margin of 15.2%. Return on equity stands at 13.7%.
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.