Is NXG NextGen Infrastructure Income Fund (NXG) Halal?
Shariah Screening — 5 Standards
Based on financial data from November 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
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$146M |
| Free Cash Flow | -$146M |
| Total Debt | $132M |
| Total Assets | $418M |
Price & Trading
| Last Close | $56.50 |
| 50-Day MA | $53.15 |
| 200-Day MA | $50.03 |
| Avg Volume | 45K |
|
52-Week Range
$35.22
| |
About NXG NextGen Infrastructure Income Fund (NXG)
NXG NextGen Infrastructure Income Fund is a closed ended equity mutual fund launched and managed by Cushing MLP Asset Management, LP. The fund invests in stocks of companies across the energy supply chain spectrum, including upstream, midstream and downstream energy companies, as well as oil and gas services and logistics companies, energy-intensive chemical, metal and industrial and manufacturing companies and engineering and construction companies. NXG NextGen Infrastructure Income Fund was formed in 2012 and is domiciled in the United States.
Related Halal Stocks in Financial Services
Frequently Asked Questions
Is NXG NextGen Infrastructure Income Fund (NXG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), NXG NextGen Infrastructure Income Fund 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 NXG NextGen Infrastructure Income Fund's debt ratio?
NXG NextGen Infrastructure Income Fund's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are NXG NextGen Infrastructure Income Fund's key financial metrics?
NXG NextGen Infrastructure Income Fund has a market capitalization of $316M, trailing P/E ratio of 9.8, and revenue of $39M.
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.