Is New Jersey Resources Corp halal to invest in?

According to Musaffa's Shariah screening methodology, New Jersey Resources Corp (NJR) is currently classified as NOT HALAL as of May 2026. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is New Jersey Resources Corp a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes New Jersey Resources Corp using these criteria to determine its compliance status.

Can Muslims buy shares of New Jersey Resources Corp?

Muslim investors may consider investing in New Jersey Resources Corp if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is New Jersey Resources Corp classified as NOT HALAL?

Musaffa determines the Shariah status of New Jersey Resources Corp by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for New Jersey Resources Corp updated?

The Shariah compliance status of New Jersey Resources Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like New Jersey Resources Corp become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of New Jersey Resources Corp?

You can check the latest Shariah compliance status of New Jersey Resources Corp on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

NJR Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: May 11, 2026

Report Source: 2026 2nd Quarter Report

Analyst's Ratings for New Jersey Resources Corp (NJR)

Based on 10 analysts giving stock ratings to New Jersey Resources Corp in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

New Jersey Resources Corp. Stock Analysis NJR

United States Utilities Mid Cap Report: Q2, 2026

New Jersey Resources Corp. is a holding company, which engages in the provision of regulated natural gas distribution services, transmission and storage services, and operates certain unregulated businesses. The company is headquartered in Belmar, New Jersey and currently employs 1,376 full-time employees. Its New Jersey Natural Gas business operates and maintains natural gas transportation and distribution infrastructure. Its Clean Energy Ventures business invests in, owns and operates solar projects. Its Energy Services business manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions. Its Storage and Transportation business serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River Storage and the Adelphia Gateway Pipeline, as well as its 50% equity ownership in the Steckman Ridge natural gas storage facility. Its Home Services business provides service plans, installation and repair of heating, central air conditioning, water heaters, standby generators, and other indoor and outdoor comfort products.

Key Statistics of New Jersey Resources Corp (NJR)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$56.95$57.87

Today's Open

$57.87

Volume

571.28K

P/E Ratio (TTM)

16.83

52 Week Range

$43.46$57.91

Market Cap

5.65B

Avg. Volume

543.54K

Dividend Yield

3.24%

Financial Metrics & Statements of New Jersey Resources Corp (NJR)

FAQ's for New Jersey Resources Corp (NJR)

According to Musaffa’s Shariah screening methodology, New Jersey Resources Corp (NJR) is currently classified as NOT HALAL as of May 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.