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Is Norfolk Southern Corp. (NSC) halal?

NYSE · Industrials — Rail Transportation
Compliant

Norfolk Southern Corp. is compliant under Sanad's AAOIFI Standard 21 screen: interest-bearing debt is 23.8% of market capitalisation (limit 30%), and non-permissible (interest) income is 0.1% of revenue (limit 5%).

The AAOIFI financial screen

TestResultLimitStatus
Interest-bearing debt ÷ market capitalisation23.8%< 30%Within limit
Non-permissible income ÷ revenue0.1%< 5%Within limit

A ratio at or above 30% (debt) or 5% (income) fails. A debt ratio of 27–30% or an income ratio of 4–5% is marked "close to limit" and makes the company questionable.

Purification

Even a compliant company earns a little interest. About 0.1% of Norfolk Southern Corp.'s revenue is non-permissible income, so a shareholder who receives dividends would normally donate about 0.1% of each dividend. Open the full analysis for the amount per share.

About Norfolk Southern Corp.

Norfolk Southern Corporation is a railroad and transportation company that provides freight rail services across the Eastern United States. Norfolk Southern Corporation moves a broad mix of commodities and products, including intermodal shipments, automotive goods, agricultural products, metals, chemicals, forest products, coal, and industrial materials. The company also supports logistics through rail-linked services such as access to terminals, property management, and…

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Frequently asked questions

Is Norfolk Southern Corp. (NSC) halal?

Norfolk Southern Corp. is compliant under Sanad's AAOIFI Standard 21 screen: interest-bearing debt is 23.8% of market capitalisation (limit 30%), and non-permissible (interest) income is 0.1% of revenue (limit 5%).

What makes a stock halal or haram?

Under AAOIFI Standard 21 a company must first have a permissible core business (no conventional banking or insurance, alcohol, tobacco, gambling or similar). Then interest-bearing debt must be under 30% of its market value and interest income under 5% of its revenue.

How much of Norfolk Southern Corp.'s dividends should be purified?

About 0.1% of each dividend, the share of the company's income that is not permissible. Donate that amount rather than keeping it.

How often is this updated?

Prices refresh daily and the ratios update when the company files new financial statements, usually every quarter. This page's data was last updated 2026-09-16.

Screened against AAOIFI Standard 21 using the company's latest reported financials (data updated 2026-09-16). This is an automated screen, not a fatwa; scholars differ on some thresholds. What each verdict means.