NUTRIEN LTD (NTR.TO) - Not Halal (Non-Compliant)
NUTRIEN LTD (NTR.TO) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Basic Materials
- Industry
- Agricultural Inputs
- Result
- Pass
- Reason
- The sector "Basic Materials" and industry "Agricultural Inputs" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 49.5% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 3.2% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.2% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.19%.Based on the company's financial statements, approximately 0.19% of dividend income comes from non-permissible sources; this is the share many investors donate to purify it. This is derived from identified interest income (0.19% of total income). Some scholars may differ on the exact calculation method.
About NUTRIEN LTD
Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment markets crop nutrients, crop protection products, seed, and merchandise, as well as provides agronomic application and financing services and solutions; and produces proprietary products, including proprietary crop nutrient, crop protection, and seed products. The Potash segment includes mining and processing of potash. The Nitrogen segment owns and operates ammonia production facilities that offers ammonia, urea, ammonium nitrate (UAN), urea solutions, nitric acid, and ammonium nitrate, as well as environmentally smart nitrogen and ammonium sulfate. The Phosphate segment manufactures and sells solid and liquid phosphate fertilizers, phosphate feed, and purified phosphoric acid, which is used in feed and industrial products. The company was incorporated in 2017 and is headquartered in Saskatoon, Canada.
Frequently Asked Questions
Is NUTRIEN LTD (NTR.TO) stock halal to invest in?
According to AAOIFI Shariah screening standards, NUTRIEN LTD (NTR.TO) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
