Is NGG halal?
National Grid Transco, PLC Nati
Not halal
National Grid Transco, PLC Nati did not pass AAOIFI screening. The failed check is shown below.
Checked: 13 October 2026
Exchange
NYSE
Price
81.22
Day
+2.72%
Market cap
$77.54B
Industry
Utilities - Regulated Electric
Sector
Utilities
What the company does
National Grid (UK) runs the electricity transmission network and gas distribution in England and Wales, and electric/gas utilities in the US Northeast (New York, Massachusetts). Revenue comes from regulated network rates.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $61.95B ÷ 36-month average market cap (estimated) $71.72B = 86.4%
86.4%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $4.27B ÷ 36-month average market cap (estimated) $71.72B = 6.0%
6.0%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $499.49M ÷ annual revenue $23.43B (2026) = 2.1%
2.1%
Pass
Figures from the company's filings (2026-03-31), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $77.54B.
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $82.87
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Halal is the first question. The second: when to enter?
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This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.