Is Obsidian Energy Ltd. (OBE) halal? Doubtful. Based on AAOIFI screening, Obsidian Energy Ltd. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 78/100 (Grade: B+).
OBE — Is Obsidian Energy Ltd. Halal?
DoubtfulObsidian Energy Ltd.
$12.33
+6.52%
About Obsidian Energy Ltd.
Obsidian Energy Ltd. primarily focuses on the exploration, production, and development of oil and natural gas properties in the Western Canada Sedimentary Basin. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. is headquartered in Calgary, Canada.
Sector: Energy · Industry: Oil & Gas Exploration & Production
Why This Stock Is Doubtful
- Debt is 26.0% of market cap — only 4.0 points below the 30% AAOIFI limit
Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.
Shariah Compliance Status
Based on AAOIFI screening standards
Good
Good compliance with minor concerns
Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Financial Ratio Screen
PassedFinancial ratios must be below AAOIFI thresholds
Compliance History
Doubtful — unchanged since May 2026.
No status changes recorded since we began tracking.
Tracked since May 2026. Updates automatically on each re-screen.
Purify Your OBE Dividends
Calculate your purification amount for OBE dividends based on AAOIFI standards.
Financial Overview
Market Cap
829.9M
Price
$12.33
Sector
Energy
Industry
Oil & Gas Exploration & Production
More Energy Stocks
Track OBE and 10,000+ stocks with AI insights
Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.
Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.