Is Genie Energy Ltd. (GNE) halal? Doubtful. Based on AAOIFI screening, Genie Energy Ltd. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 66/100 (Grade: B).
GNE — Is Genie Energy Ltd. Halal?
DoubtfulGenie Energy Ltd.
$13.87
-2.58%
Why This Stock Is Doubtful
- Interest-bearing deposits are 29.9% of market cap — near the 30% threshold
Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.
Shariah Compliance Status
Based on AAOIFI screening standards
Acceptable
Acceptable but room for improvement
Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Financial Ratio Screen
PassedFinancial ratios must be below AAOIFI thresholds
Purify Your GNE Dividends
0.1% non-compliant incomeGNE has 0.1% prohibited income. Calculate exactly how much of your dividends to donate.
Financial Overview
Market Cap
-
Price
$13.87
Sector
Utilities
Industry
Utilities—Regulated Electric
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Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.