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NRT – North European Oil Royalty Trust

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Compliant

★★★☆☆

Industry: Oil & Gas Exploration and Production | NYSE

North European Oil Royalty Trust is Shariah compliant. The company’s financials pass three standards and fail in two.

Market cap: 163 MRev. Growth: 88%

AAOIFI ✓

Debt/MC0%
Non-Compliant Assets/MC%
Impure Income (incl. Interest)0.01%
Impure Income%
Interest Income0.01%
Total0.01%

S&P ✓

Debt/36 mo MC0%
Cash/36 mo MC2.28%
AR/36 mo MC%

DJIM ✓

Debt/24 mo MC0%
Cash/24 mo MC2.11%
AR/24 mo MC%

FTSE ✗

Debt/Assets0%
Cash/Assets100%
Cash&AR/Assets100%
Impure Income (incl. Interest)0.01%
Impure Income%
Interest Income0.01%
Total0.01%

MSCI ✗

Debt/Assets0%
Cash/Assets100%
Cash&AR/Assets100%

1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Total Analysts: 0


North European Oil Royalty Trust (the Trust) is a grantor trust which, on behalf of the owners of beneficial interest in the Trust (the unit owners), holds overriding royalty rights covering gas and oil production in certain concessions or leases in the Federal Republic of Germany. The rights are held under contracts with local German exploration and development subsidiaries of ExxonMobil Corp. (ExxonMobil) and the Royal Dutch/Shell Group of Companies (Royal Dutch/Shell Group). Under these contracts, the Trust receives various percentage royalties on the proceeds of the sales of certain products from the areas involved. Its royalties are received for sales of gas well gas, oil well gas, crude oil, condensate and sulfur. The Trust conducts no active business operations and is restricted to collection of income from royalty rights and distribution to unit owners of the net income after payment of administrative and related expenses.

We do our best to screen stocks as accurately as possible. Please let us know in the comments if you spot an error or find something questionable. Jazaak Allahu khairan.

To understand how the screening is done, please read the Shariah Screening Methodology page.

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