nVent Electric PLC

NVT

Compliant
Exchange
Sector
Headquarters
Group
NYSE
Industrials
UK
Large Cap

nVent Electric PLC is Shariah Compliant. It passes 5/5 Shariah standards we screen against.

-

Impure Income*

-

Purification*

$0.125

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Large Cap
BUY
52.77%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
16.41%
11.01%
1.16
1.63
49.23%

Shariah Compliance

Debt
5.91%
✓
Non-Compliant Assets
✓
Impure Income
0.00%
-

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
10.37%
✓
Impure Income
0.00%
-

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
9.24%
✓
Impure Income
0.00%
-

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
20.88%
✓
Cash
3.58%
✓
Cash & AR
17.38%
✓
Impure Income
0.00%
-

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
20.88%
✓
Cash
3.58%
✓
Cash & AR
17.38%
✓
Impure Income
0.00%
-

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
-

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

nVent Electric plc is a global provider of systems protection and electrical connection solutions. The Company designs, manufactures, markets, installs and services high performance products and solutions that connect and protect some of the sensitive equipment, buildings and critical processes. The Company operates through two segments: Systems Protection and Electrical Connections. The Company’s Systems Protection segment provides solutions to help protect electronics, systems and data in mission-critical applications, including data centers, that improve reliability and energy efficiency. It also includes enclosures, switchgear and bus systems businesses. Its Electrical Connections segment provides solutions that connect power and data infrastructure. Its offerings enhance end user safety, reduce installation time and provide resiliency for critical systems. Its robust portfolio of electrical product brands includes nVent CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF and TRACHTE.

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