Shariah compliance overview
HalalNSTAR Electric Company (NSARO) is currently classified as Halal by Akinda Shariah screening (AAOIFI-aligned methodology).
About NSTAR Electric Company
NSTAR Electric Company operates as a regulated electric utility, primarily engaged in the procurement, transmission, distribution, and sale of electricity to a diverse client base, including residential, commercial, and industrial consumers, throughout Massachusetts.
NSTAR Electric Company (NSARO) operates in the Utilities sector, in the Regulated Electric industry.
Why it is halal: it passes all three AAOIFI screens. Non-compliant revenue is 0.00% (limit 5%), interest-bearing debt is 21.26% (limit 30%) and interest-bearing securities and assets are 0.46% (limit 30%).
- Business Activity
- 0.00%Limit 5%Pass
- Interest-bearing debt
- 21.26%Limit 30%Pass
- Interest-bearing securities and assets
- 0.46%Limit 30%Pass
- Dividend purification
- 0.00%Share of dividends to give to charityPurification calculator
Last updated: Oct 22, 2026 · Screening is informational and not a fatwa. Consult a qualified scholar for personal guidance.
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Company Profile
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Frequently asked questions
Quick answers about NSTAR Electric Company (NSARO). Current Akinda screening label: Halal.
