Is NRT halal?
North European Oil Royality Tru
Halal
North European Oil Royality Tru passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 15 October 2026
Exchange
NYSE
Price
8.53
Day
+1.19%
Market cap
$78.2M
Industry
Oil & Gas E&P
Sector
Energy
What the company does
North European Oil Royalty Trust collects royalties on natural-gas fields in Germany's Oldenburg region (operated by ExxonMobil/Shell); it operates nothing itself and passes the income to unitholders.
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 $0 ÷ 36-month average market cap $62.76M = 0.0%
0.0%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $4.36M ÷ 36-month average market cap $62.76M = 7.0%
7.0%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $84K ÷ annual revenue $8.65M (2025) = 1.0%
1.0%
Pass
Figures from the company's filings (2026-07-31), 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: $78.21M.
In the lists
- In the S&P 500
- Not in the S&P 500
- Among halal stocks
- 0.00% · #1225 of 1455
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Oil & Gas E&P — for comparison.
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Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
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.